NOT DISCLOSED, Wisconsin
| Asking Price |
$949,000 |
Year Established |
1981 |
|
| Annual Revenue |
$1,520,245 |
Reason for Selling |
After 45 years in business the owner would like to retire. |
|
| Annual P/L |
$0 |
Attention |
Patrick McAdams |
|
| Annual Cash Flow |
$388,451 |
Listing Number |
1008686 |
|
| # of Employees |
5 |
Business Category |
Automotive & Boats: Auto Body Shop, Paint Shop |
|
Business Overview:
This medium-volume, exceptionally well-managed auto body shop in Wisconsin that services Washington, Ozaukee, & Waukesha Counties, is available for purchase. It was Established in the early 1980's, the business has successfully navigated decades of industry changes by maintaining a reputation for excellent work and customer service. This is an ideal acquisition for an individual owner-operator or a strategic buyer looking to enter or expand within the Wisconsin collision market.
The business operates out of a 6,000 SF facility. The real estate is owned by the seller, who is offering a favorable long-term lease to the buyer. The sale includes all FF&E (Furniture, Fixtures, and Equipment)necessary for daily operations. Highlights include a state-of-the-art Global Finishing Solutions downdraft paint booth, two frame machines, and various specialized tools. The balance sheet remains strong, with approximately $9,000 in inventory included in the purchase price.
The shop has achieved a highly desirable revenue mix, with 90% of business generated through insurance claims and 10% through private pay. The financial health of the business is further evidenced by a rapid collection cycle: 60% of payments are received upon completion of work, with the remaining balance typically collected within 30 days.
Unlike many smaller shops, this business is not dependent on the owner’s mechanical labor. The current owner handles vendor relations and quoting, while a dedicated Office Manager handles all administrative tasks, billing, and scheduling. This structure provides a solid foundation for a new owner to come in and replace the current owner and maintain a healthy work-life balance.
Property Features and Assets:
<ol><li>Prime Real Estate: 6,000 SF stand-alone building on 0.38 acres. Owner is offering a long-term lease at $11.50/SF NNN with 3% annual increases. </li><li>Equipment: Includes 2 EZLiners, a newer (5 years old) 16' x 35' Global Finishing Solutions paint booth, Robinair AC units, and MIG welders, 2 Air Compressors, and all the equipment to run the business. </li><li>Technology- Fully integrated with CCC software and QuickBooks for streamlined management. </li></ol><p>Assets = $309,486</p>
Market Competition and Expansion:
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