Long Established, Profitable Auto Body Repair Shop for Sale
Long Established, Profitable Auto Body Repair Shop for Sale
Price: $650,000
Location: Nassau County, NY
Industry: Automotive Repair and Maintenance
Listing ID: RaptID5573
This is an exceptional opportunity to acquire a well-established, profitable Auto Body Repair Business, centrally located in Nassau, LI. The seller has owned and operated the business at its’ present location since 1980. Over the years, ownership has established the business as a high-quality shop and developed a good reputation with referral sources and customers. The seller takes pride in his work and has worked hard to establish this quality reputation.
All the shop equipment is in excellent condition (including 27 ft. down draft paint booth, etc.). The shop is a fully equipped, legal collision shop in full compliance with all environmental, fire and other codes.
The Seller has reached retirement age and relies on two managers to run the business. In addition to public sales, the firm has agreements with four (4) fleet service providers (DRP referral programs).
Total Sales: $1,950,000
Cash Flow: $295,000
FFE Included: Yes
FFE: $100,000
Reason For Sale:
Seller has reached retirement age.
Training & Support:
Buyer will remain on staff for period of time to assist in transition.
Employees: 11
Monthly Rent: $7,500
Type of Location: Leased
Square Footage: 5500
Facilities Information:
The business operates in an approximately 5,500 square foot building, with two basements (~1,900 sf total). The Seller owns the property and will provide a triple net (commercial) 10-year lease to the Buyer, with an initial annual rent of $90,000, with normal escalators over the term. The area is the site of with other collision shops that draw clientele. The facility can service 10 cars in the building with parking for 24 cars in front of the building. The Seller had the building designed and built to his specification. The elegant office area has an attractive waiting room, customer bath room and two offices; one with a kitchen and 2 work stations for the shop manager and estimator, and one for the owner. All the shop equipment is in excellent condition (including 27 ft. down draft paint booth, etc.). The shop is a fully equipped, legal collision shop in full compliance with all environmental, fire and other codes.
Potential Growth:
It is anticipated that the business will grow under the guidance of a more active owner.
Financing/Terms:
Seller will consider financing to qualified buyer, with a 50% down payment.
For more information on this listing, please complete our Non-Disclosure Agreement
