Auto Body Repair Nova - Very Profitable
Location Virginia,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1100000
Net Profit / Cash Flow $335972
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2007
Number of Employees 1 - 3
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Reason for Sale Moving out of state.
Description Growing Auto Body Business
This is a growing and lucrative business with a rapidly expanding revenue base. Revenue has increased from approximately $450,000 (2006) to over $1,000,000 plus in 2007 and still climbing in 2008. The Company provides services on an on-site basis to new car dealerships, car rental companies, auction sites, and fleet accounts. Service is faster, better, and at a cost less than half of the customer's own body shop on a preset, daily or weekly schedule.
The scope of work the company provides its customers includes: Repairing and repainting medium size damage in doors, panels, fenders, etc.; Repairing and repainting damage to metal, urethane, or plastic bumpers; Blending out key scratches; Repairing scratches, scrapes and fade-out on black trim parts; Repairing convertible and padded tops; reconditioning fades, foggy yellowed headlights
The purchase Price $690,000
Annual revenues increased from $446,000 in 2006 to almost $1.1 million in 2007 with 2008 projections at 1.3 million.
Sellers Discretionary Cash Flow was $335,972 in 2007.
Owner intends to relocate to corporate headquarters/another location. The seller is seeking an all cash transaction; however, terms are negotiable based on the strength of the purchaser. The seller is willing to work with the buyers through a reasonable transition period.
Reason for Sale: Seller is moving out of state.
For more information Visit email or call our office at 703-273-3500.
Click Here To Contact Seller
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