Auto Sales & Body Shop w/Real Estate Opportunity For Sale
Strong Sales and Owner's Cash Flow
Worcester County, Massachusetts
Listing Number: 1593
Business Asking Price: $495,000 (plus inventory)
Real Estate Price: $500,000
Gross Revenues: $2,682,000
Cash Flow: $548,000
This is a unique opportunity to own two businesses. An auto body repair shop and a pre-owned auto sales business. The owner has limited time to manage the business and would like to sell. He has been in business for 15 years and have an excellent reputation.
The auto sales business provides most of the revenue, which comes from selling pre-owned mid-level to luxury vehicles. By purchasing, restoring cars and SUVs to optimal condition allows you to sell them at a good profit and be independent from customer walk-ins. There is plenty of repair space for the auto body shop to easily take on more repairs with additional technicians.
Facilities: The business occupies about 9,000 SF of space. This includes 5 bays, an assembly area, updated customized fully heated paint spray booth and customer reception area. The new owner could negotiate a lease if they do not wish to buy the real estate.
The equipment is in good working condition and sufficient to work on multiple vehicles.
Growth & Expansion: The storage space has the capacity to handle more vehicles for sales and repairs. Adding a state inspection workstation, car rentals, fleet sales and repairs, auto detailing and accessories are just a few examples.
Employees: The owner overseas the business. The business employs 3 technicians, and 2 commissioned salesmen.
Terms: The price for the two businesses is $495,000. The vehicle inventory would be additional. The real estate is also available for sale. It is owned by the business owner. It is expected that a qualified buyer can obtain an SBA 7A loan with a 10% down payment for the business and SBA 504 loan on the real estate.
Support & Training: Owner will provide training and support for a smooth transition
Reason Selling: Owner wishes to focus on other existing businesses