Seller's Contact Information
- RE: Auto Body & Paint Shop
- Contact: Lana Hout
- License #: 01957174
Quick Facts
Asking Price: | $4,900,000 | |
Annual Revenue: | $3,068,682 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $1,061,015 | |
Total Debt: | Not Disclosed | |
FF&E: | $850,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2004 | |
Employees: | 11 | |
BBN Listing #: | 947162372 | |
Broker Reference #: | 130-21340 |
Business Overview:
This is a RARE opportunity to acquire a luxury auto body & paint shop in Los Angeles! The Business is a well-established, full-service high end collision repair & paint shop that draws clients from the Los Angeles, Venture & Orange Counties. The Shop is located in a high traffic intersection in L.A., where it has been a repair shop for over 5 decades. The Business is semi-absentee owner operated, completely turn-key, and fully staffed with highly trained, long-term, and dedicated employees. Renowned for its elite-concierge level customer service and 5-star quality work, the Business has built strong relationships with several luxury dealerships over the past 2 decades. The Business provides full-service collision repair & paint services, as well as additional collision related mechanical repairs. The Seller states insurance claims represent 75% of revenue with the remaining 25% being customer direct pay. The Paint Shop has a highly coveted grandfathered down draft spray booth system with a heater. Included in the sale is one work van, one security car, and approximately $300K in inventory, and $850K in FF&E. The business requires an AQMD, EPA and LA City Spray Booth licenses for operation. Per the Seller, these licenses can be transferred, with transfer fees estimated at $10K in total. The Business experienced a Covid related decline in 2020, however it bounced back to pre-Covid levels in 2021.This opportunity is ideal for an existing auto repair shop looking to expand into the luxury market or increase its footprint in L.A. or a buyer from outside the L.A. market looking to expand into the region. The Business has previously not engaged in advertising or social media efforts offering a prime growth opportunity for a marketing & social media savvy buyer. This opportunity is ideal for an existing auto repair shop looking to expand into the luxury market, increase its footprint in L.A. or a buyer from outside the L.A. area looking to expand into the region! NDA and proof of funds are required for this highly confidential listing. Inquire Now!
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Reason for Selling:
Relocation
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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