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Spectacular Montana Auto Body Shop Near the Mountains for sale in MT

Montana (MT)

Asking Price: Gross: Cash Flow:
$ 2,090,000 $ 2,114,573 $ 219,409

Furniture and Fixtures Value:
$ 420,000 (included in the asking price)

Business Summary:
Living the Dream or Dreaming to Live? Hometown auto-body repair looking for new owners to take the business to the next level. Must have process mindset to see each repair project to completion. Company does 10-15 body jobs each week. Shop is busy all the time. Long term employees make up majority of the crew. ASE Certified Shop, I-Car Trained Technicians. Members of Montana Collision Repair Association, Assured Performance Network and Society of Collision Repair Specialists. Real Estate included in asking price!

 

   
Year Business was Established: 1964
   
Number of Employees: 12 FT  
   
Facilities / Terms of Lease: Real Property is available for purchase or Lease as per buyers needs. Separate Prep and Paint building/booth; Ten bay main shop. Located on roughly 1 Acre of commercial property in large Montana community.  
   
Potential Growth/Expansion: 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. Thus, growth is expected to slow in 2019, with revenue increasing an estimated 1.4% in 2019 alone.  
   
Competition: Ibisworld.com reports: 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 (IBISWorld report 81111), which provides standard maintenance and repairs to vehicles, car body shops provide substantial repair services that require specialized labor and equipment. Some of these repairs, such as chassis repairs and windshield replacements, are necessary to ensure safe driving and to pass state inspections, while others, such as detailing services and dent repair, are purely cosmetic. The industry is primarily driven by the number of vehicle accidents, which is affected by the number of cars in circulation and the average age of cars on the road. 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 have resumed spending money on costly discretionary items for their vehicles. Pent-up demand for nonessential auto repairs, such as paint jobs and window-tint installation, has also caused industry revenue to grow during the five-year period in addition to industry profit margins. However, improvements in vehicle technology has reduced growth in the number of collisions requiring major body repairs, although the industry continues to benefit from an increasing number of vehicle registrations and a higher average age of vehicles on the road. Considering these conditions, revenue is expected to increase an annualized 3.9% to $50.0 billion over the five years to 2019, including estimated growth of 1.4% in 2019 alone. Over the five years to 2024, the industry is forecast to experience slower growth than during the previous period, as several of the driving factors for industry growth are anticipated to decline or increase at a slower pace. For instance, the number of vehicle accidents, which is highly correlated with industry demand, is expected to decline over the next five years, translating to weakened demand for industry services and lower revenue. Nevertheless, as the economy continues to improve, consumers will be more likely to spend money on paint restorations, glass replacements and major repairs. Additionally, the number of vehicle registrations is projected to increase over the next five years as more vehicles are manufactured, sold and enter circulation. As a result, industry revenue is projected to increase an annualized 1.1% to $52.9 billion over the five years to 2024.  
   
Owner willing to train: Will train for 3 weeks @ no cost.  
   
Reason for selling: Ownership is seeking a chapter of life change.  
   
Seller Reference Number: 7601-15216
BusinessMart.com Listing Number: 246286
 

 

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For more info contact:

Craig Sanford

Murphy Business & Financial Services
727-725-7090

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