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Auto Repair & Paint Franchise Resale for sale in King County, WA

King County, Washington (WA)

Asking Price: Gross: Cash Flow:
$ 109,000 $ 545,609 Undisclosed

Furniture and Fixtures Value:
$ 90,000 (included in the asking price)

Inventory Value:
$ 5,000 (included in the asking price)

Business Summary:
This is a Franchise Resale business that comes turnkey and offered at less than asset value. It is an opportunity to acquire one of “America’s Number 1 Body Shop" franchises at a greatly reduced price. The business provides Spot Repair, Retail Paint Service and Fleet Services. By eliminating the startup expense, a new owner/operator can go directly to the revenue building stage with this existing business. This location has a completely outfitted office and shop with all inventory, assets and equipment infrastructure in place estimated at the Fair Market Value of $195,000. The cost to start a new franchise is between $300,000 and $400,000.

 

   
Year Business was Established: 2007
   
Number of Employees: 7 FT / 1 PT  
   
Facilities / Terms of Lease: Located on a main thoroughfare, the building is in an attractive well kept complex surrounded by complementary businesses. The large shop space is well organized and efficiently designed to provide ample room for the equipment and space needed to complete all work. The shop can hold 15+ vehicles and there is an additional gated and locked parking lot for 25+ client vehicles. LEASE: Space: Approx. 8,387SF Term: 10 years, expiring November 30, 2021; with one 5 year extension Monthly Rent: $5599.41/month plus CAM fees of $3411/month  
   
Potential Growth/Expansion: The Franchisor has a "formula" that franchisees learn through their extensive training and support. For those Franchisees who follow the plan, it has been a proven success business model for over four decades. Combine this with new technology, a turnkey online portal to help run your business and support from dedicated team members, there is a trusted model to drive success. According to the Franchisor, the average franchise generates $1.12 million in revenues.* There are many trade customers in the area, potential fleet customers, as well as, car rental and leasing companies, government and municipal agencies, telecommunications providers and food and beverage companies to call on that would increase the customer base. Sending out regular emails to the customer list to keep the location fresh in their minds with special offers, surveys with offering a reward to complete and general automotive tips and information are other ideas to promote for growth.  
   
Competition: IBIS World reports that nationwide the Autobody Industry has seen an average of 3.9% growth over the last five years with total industry revenue reaching $50 billion. Auto body repairs proves to have Recession Resilience; Global IHA says there are 270 Million cars on the road, Weekly Sales and Business Review reveals $1045 is the average accident repair ticket, January 1, 2019, the 2019 Driver Knowledge Report states auto accidents averaged about 6 million claims.  
   
Reason for selling: Owners are retiring.  
   
Seller Reference Number: 8002-15613
BusinessMart.com Listing Number: 253102
 

 

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For more info contact:

Craig Sanford

Murphy Business & Financial Services
727-725-7090

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