Automotive Painting & Body Repair Business

Not Disclosed, OH
Trumbull County

Asking Price: Annual Revenue:
$150,000 $194,665

Automotive & Boats: Auto Body Shop, Paint Shop

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RE: Automotive Painting & Body Repair Business Broker: Joe Wojtowicz

Quick Facts

Asking Price: $150,000
Annual Revenue: $194,665
Net Profit: Not Disclosed
Cash Flow: $37,658
Total Debt: Not Disclosed
FF&E: $15,000
Real Estate: Not Disclosed
Year Established: 1992
Employees: 4
BBN Listing #: 52064955
Broker Reference #: 4304-16513

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Business Overview:

An inexpensive, but not cheap, automotive painting and body repair facility. This business fills a niche’ in automobile painting, customization, cosmetic repair and alterations, as opposed to competitors who concentrate more on collision repair and insurance business referrals; most competitors will not paint an entire vehicle.

About 25% to 30% of customers are recurring customers on a monthly and yearly basis. The business has been rated A+ by the local Better Business Bureau for years. The business is well-established in the community and has a great reputation for pricing, quality service and customer satisfaction. COVID did impact 2020; however 2021 revenues look as though they will exceed 2020.

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Property Features and Assets:

The business is housed in a 7,500 square feet building with 3-phase electrical power. The large parking lot would allow plenty of room for expansion. The seller currently has a lease in place through June, 2023 at $2,000/month. Assets = $21,000.

Market Competition and Expansion:

The business is usually very competitive with their pricing in comparison to several franchises which are about an hour to an hour and one-half away. They also receive very good pricing with their long-time suppliers of paints. Local businesses already send them work, so they’re not considered competition. The addition of commercial accounts would increase revenue based on referral business with no additional marketing. Additional marketing could bring in substantially higher gross revenues.

Reason for Selling:

Other business interests.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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