Well Established, Profitable Body Shop, Financing

Not Disclosed, MN

Well Established, Profitable Body Shop, Financing

Asking Price: Annual Revenue:
$965,000 $954,730

Automotive & Boats: Auto & Truck Repair & Service

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RE: Well Established, Profitable Body Shop, Financing Broker: Jacob Peterson
Owner Financing is Available!
$493,500 down/$41,500 for 180 months @ 7%

Quick Facts

Asking Price: $965,000
Annual Revenue: $954,730
Net Profit: Not Disclosed
Cash Flow: $266,580
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: $440,000
Year Established: 1978
Employees: 1
BBN Listing #: 7694955
Broker Reference #: 5106-15397

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Business Overview:

Turn key, highly profitable auto body repair shop for sale in Southeast Minnesota. Located in a thriving urban area outside of the Twin Cities, this company has been established for over 40 years and is located within a custom built facility perfectly suited for an auto body shop. This shop currently employs 3 full-time and 1 part-time employees. Customers come to this shop expecting the highest quality body work possible. With an established reputation and fantastic facilities this business is a great opportunity for the person that wants to get into the auto body repair industry.

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Property Features and Assets:

Built to be a body shop, this 9,700 square feet facility is perfectly arranged for its operations. Includes a paint booth, car lift, shop area, office area and reception. Situated in an easy to access location, the building is in great shape to serve customers for years to come. Assets-$680,000

Market Competition and Expansion:

Operators in the Car Body Shops industry provide mainly repair and customization work to the interior and body of a range of vehicles, including passenger cars, trucks, vans and trailers. Unlike the Auto Mechanics industry, which provides standard maintenance and repairs to vehicles, industry operators perform substantial repair services that require specialized labor and equipment. The industry is primarily driven by the number of accidents that take place per year, which is affected by the number of cars in circulation and the average age of vehicles on the road. As driving activity increases and more vehicles are on the road, the likelihood of damages from collisions and wear grows. As a result, demand for industry services, such as structural work and windshield repair, increases. Other repairs and services offered by industry operators, such as detailing and painting services, are largely discretionary purchases. Therefore, demand for these services is more strongly tied to levels of disposable income. Over the five years to 2019, the industry has experienced steady revenue growth. The average age of vehicles in the United States grew during the period, and consumers felt confident spending on costly discretionary repairs and services for their vehicles. Increased demand for nonessential auto repairs also caused industry revenue to grow during the five-year period. Thus, industry revenue is expected to increase an annualized 3.9% to $50.0 billion over the five years to 2019. However, while the industry continues to benefit from an increasing number of vehicle registrations and a higher average age of vehicles on the road, improvements in vehicle technology have reduced the number of collisions requiring major body repairs.- IBIS World. With fresh ownership and ideas this company is ready to stay steady where it is. One complimentary service that could be added is diagnostics and calibration for electronic vehicle components that must be taken apart while doing work. Currently the company has limited training and equipment needed to do electronics work, but expanding into that work could add a lucrative cash flow to the existing business relatively simply.

Reason for Selling:

Owner wishes to retire.

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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