Services - Auto Repair, Parts & Svcs | Services - Miscellaneous Repair

Asking Price	$460,000	Inventory	$68,000*
Gross Income	$1,131,480	Real Estate
Cash Flow	$165,649	Year Established	1996
FF&E	$125,000*	Employees	12 inc. owners

* included in the asking price

** not included in the asking price

The company provides collision repair (40%) and complete automotive painting (60%) to walk-in customers, insurance companies, and commercial accounts. The owner purchased the franchise and started the business at the current location in 1996. As the current owner previously was a corporate executive, he had no prior automotive experience. Consequently, experience in the industry is not required, rather someone with a management or sales background would be an ideal fit for this business. The seasoned and tenured staff will stay with a new owner. This is the most recognizable name in the industry. The growth in the business will come from collision repair, which is generated by a sales effort directed at the insurance industry.

Facilities: The company operates from leased facilities. The building is 13,000 sq. ft. and includes a showroom/sales floor, offices, and production facilities. The building and lot are meticulously maintained. Rent is $9,400 per month. Seller is attempting to purchase the building, and will rent to the new owner, or new owner will rent from current landlord.

Competition: The company is part of a franchise system that is ranked #1 in their industry by Entrepreneur magazine. The brand is a market leader both locally and nationally. The franchisor has been in business for over 25 years. Experience in the industry is not required as the training is the best in the industry. The location is perfect for the business; the demographics of the neighborhood are the demographics of the customer base of the business.

Growth/Expansion: The company has shown consistent growth and profitability. The business facilities can easily accomodate additional growth without the need to add equipment or expand the facilities. The business is relatively insulated from the economic downturn, as people are keeping their cars longer.

Financing: Seller would prefer all cash.

Support/Training: Complete training is provided at the franchise system headquarters as part of the sale in addition the Seller will work with a new owner in a transition period.

Reason Selling: The owners are near retirement age. He wants to move to be closer to family.