Asking Price: $500,000

Gross Revenue: $1,115,939

Gross Revenue Comments: Y2007

Cash Flow: $288,422

Inventory: $40,000 (Included in Asking Price)

FF&E: $289,000 (Included in Asking Price)

Real Estate: $950,000 (Not Included in Asking Price)

Seller Financing: Seller will consider some financing based upon buyer qualification

This business was founded by seller 21 years ago in current industrial park(MI) location and specializes in heavy collision and fiberglass repair. It has been a consistent performer with $1 million+ revenue for each of the past three years.
Administration and shop management in place and 75% of the work force have been with the company for 2+ years.
The seller owned property consists of an 8 bay metal/cbs building with 14 car capacity enclosed in .63 acre secure yard. Property is available ($ 950,000) and not included in the business sale of $500,000.

Year Established: 1986

Employees: 12 full time -

Facilities: Stand alone 8 bay metal/cbs building(8200SF) with 14 car capacity and .63 acre fenced and secure yard located .2 miles from major interstate exit. State of the art equipment includes 3 frame racks, digital measuring system, 2 AC machines, heated downdraft spray booth and a carlift. Two courtesy vans for customer service are included in the sale.

Market Outlook and Competition: This is one of the busiest independent auto body and paint shops in the county competing locally with a few small body shops. The location in the same industrial park for 21 years, easy access from major parkway, close to several shopping malls and large residential developments all support continued growth opportunities.

Management Training and Support: Seller will train for 30 days transition period.

Reason For Selling: Seller has other business interests.