Profile: Auto Body & Paint Shop – 40-Year-Old Direct Repair Business.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Dan Chomko, Broker
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| Primary Phone: |
415-829-3620 |
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| Alternate Phone: |
707-603-2204 Ext 17 |
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| DRE Number: |
01798618 |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
9/9/09 |
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| Date Last Revised: |
9/9/09 |
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| BizBen Ad #: |
130616 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$550,000 |
| Down Payment: |
Negotiable |
| Annual Revenue: |
$1,375,112 |
| Annual Adjusted Net: |
$182,946 |
| Price Range: |
$500,001 to $1 Million |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Call |
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Description:
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Overview: Local, Well Established Auto Body And Paint Repair Facility In A Prime San Francisco Neighborhood On A Major Thoroughfare With Great Visibility. Has A Thriving Direct Repair Program Through Well-Known Insurance Companies. No Toxic Or EPA Issues. All Equipment, Fixtures, Computers, Databases, Phone Numbers, And Signage. Large Shop (9,000 Square Feet) That Can Accommodate Up To 30 Vehicles. Very Profitable Owner/Operator With Great Long-Term Track Record For Growth Potential. Looking For A Current Operator, An Auto Body Consolidator Or A Car Dealer To Purchase The Business. Appointment Only By Listing Agent: Dan Chomko: 415.829.3620.
Facilities: Approximately 9,000 Square Feet Of Useable Space With A Garage That Can House 25-30 Vehicles At One Time, Making It A Very Lucrative Shop. Includes Laser Measuring Systems, T Welders, Eager Ii Dent Removal System, Two Chief Ez Liner Ii, Lift Rack And Accessories, Divibiss Infrared Cross Draft Paint Spray Booth, Paint/Spray Equipment, Air Pressure Tank, A Mobile Service Writer Cabinet And Computer, Office And Reception Room, All Computer/Printer/Fax Equipment, And A 2000 Toyota Truck. This Is A Turnkey Operation. Complete Lists Of Body Shop, Paint Shop, Office Furniture And Equipment Are Available Upon Request.
Direct Repair Program (Drp) With Insurance Carrier Affiliations: Approximately 45% Of Current Business Is Referred By Big Name Auto Insurance Companies.
Market Outlook
Competition: Original Family And Owners Since 1968 As A Friendly, Efficient Auto Body And Paint Shop In A Prime SF Residential And Retail Neighborhood With High Visibility And Traffic Along Busy Muni Bus And Near Cable Car Lines. This Company Has Earned A 4.5 Star Rating Out Of 5.0 On Yelp.Com For Great, Hands-On Customer Service. The Other Competitors In The Area Can’t Match This Company’s Track Record For Service, Longevity, And Pipeline Of Business Through Drp Referrals.
Growth/Expansion: This Company Is Well Positioned For Growth, Perhaps By Adding Saturday Hours, Expanding Drp Or Advertising Through Its Own Web Site. Open 8 A.M. – 5 P.M., Weekdays With Eight Tenured Full-Time Employees. Average Tenure Of The Auto Body Technicians, Mechanics And Painters Is 15 Years. All Of Them Would Like To Stay On With The New Owner. Currently, Two-Thirds (67%) Of Revenue Is Bodywork; One-Third (33%) Is Paintwork.
About The Sale
Financing: Well-Priced Asset Sale – The Price Of The Business Is 550,000, Which Includes Office Furniture, Computers, Inventory, Paint And Repair Equipment; The Ongoing Pipeline Of Insurance Company Referrals; An Experienced Staff Of Auto Technicians; And The Company’s Four-Decade Reputation For Outstanding Customer Service. All Reasonable Offers Will Be Considered. Have Secured Pre-Approved Buyer SBA Financing From Two Major Banks.
Support/Training: Seller Will Stay On For Up To Six Months To Ensure A Smooth Transition With The New Owners. This Is Negotiable.
Existing Lease Until February 2012: Owner Holds The Right To Transfer Business With The Landlord’s Prior Approval.
State Licenses: The New Owner Must Qualify For City And State Of California Licenses To Perform Automotive Repair, And For Permits To Operate Air Pressure Tank And Paint Spray Booth. All Current Licenses And Inspections Are Up To Date.
Reason Selling: Owner Founded This Business And Has Run It For 40 Years. He Now Wants To Retire.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Dan Chomko, Broker at 415-829-3620 or 707-603-2204 Ext 17 |
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