Business Summary:
Owner must sell. Well established (20yrs) and well known auto repair/body shop on main thoroughfare in moderate income town. Is on the approved list for two major insurance companies and has long standing relationships with major car dealerships in the area. Turnkey operation with working space for up to 8 cars, and upstairs office. Equipment includes two spray booths, infrared lights for drying, frame machine, laser measuring system, vacuum system, computer system, active website and more. Also includes a valuable Used Car License which are no longer available in town. Current partnership owns and operates two businesses with each partner on separate sites. The on site partner for this business (working only two days a week) is retiring and the remaining partner is unable to operate both businesses, forcing the sale. There is a major opportunity for a full time owner to raise revenue back to the previous $800,000 level. The seller also owns the property and is offering an option to buy the real estate at $170,000 below appraised value for $700,000 with long term financing. The business is offered a150,000 which includes the fixtures and equipment valued at $65,000, and the inventory. Owner will accept a down payment of $100,000 and finance the $50,000 balance for qualified buyers. $850,000 buys both the business and the property with only $300,000 down and seller financing for the $550,000 balance spread over a long term payment schedule. For more details call Paul Holveck at Executive Business Brokers, 908-851-9040 x277.
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