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Successful Auto Body Repair Shop In Cape Cod For Sale

Cape Cod, Massachusetts
Asking Price:
$499,000 (USD) Furniture / Fixtures included
Sales Revenue:
$860,000 (USD)
Cash Flow:
$260,000 (USD)

This auto body repair business controls a large share of the collision repair market in the Mid and Lower Cape Cod Area. It has been located at its current location since 1988. The company has strong relationships will all major insurance companies which is the largest source of work. The facility is fully equipped with the latest repair technology including a frame machine and spray booth. The paint booth, which accommodates differing sizes of vehicles including construction trucks, busses and ambulances as well the smallest vehicles including motorcycles, was recently replaced. The office is well equipped with computer technology and appropriate software including a CCC One Estimating system. In addition to the owners, there are three technicians on staff. The facility consists of about 4,400 square feet of leased repair, maintenance and office space. The monthly rent is a very reasonable $2,800. During the past three years the business has reported sales of an average of about $850,000. Owners’ earnings for the past three years averaged in the strong six figures. This business should qualify for SBA financing for a buyer/borrower with a good credit history. Included with the sale of the business are all leasehold improvements, furnishings, fixtures, equipment and tools and diagnostic instruments. In addition all customer lists and records, marketing materials, rights to the lease, exclusive arrangements, phone number(s), trade name, social media accounts and goodwill. Owner orientation and transitional training is also included. This opportunity is offered at $499,000 plus the inventory on hand at the time of the sale at cost.

Property information

Real Estate:

Lease

Lease Terms:

Lease goes until 2023

Leasehold Rent:

$33,600 per annum

Size in square feet:
4,400 square feet

Business Operation

Reasons for selling:

Retiring

Employees:
5
Years established:
31

Other Information

Support & training:

Seller will provide transitional orientation and training as well as ongoing support as needed

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Some seller financing available for qualified SBA buyers

Furniture / Fixtures value:
$278,000 (USD) - included in the asking price
Inventory / Stock value:
$20,000 (USD)

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