Location: Northwest Michigan
Industry: Auto Repair Shop
Listing ID: CK291121CP
This highly recession resistant auto body shop is located in a highly desirable area in Northwest Michigan. This is an excellent opportunity for someone wishing to own a business in the majesty of northern Michigan or an expansion opportunity for someone already in the automotive repair industry.
This business has built a very high rate of repeat customers for their specific region and established itself as the most reliable and customer friendly source for automotive repair shop work in its service area. In fact, some customers will travel an hour or more to have their car worked on at this outstanding business that has built itself a reputation for over-the-top customer response to nearly any automotive repair.
This single location business has prospered and today has a business backlog of nearly three months. In brief, this business is very popular with the customers in its market area and the financial results reflect the significant level of success this business has achieved.
There are multiple opportunities for growth in this business, which is only limited by the need to add technicians for performing current and future services. The real estate owned and used by the current owners offer significant expansion options.
Total Sales: $1,898,434
Cash Flow: $319,485
FFE: $320,425 (Included in Price)
Real Estate: $550,000
Reason For Sale:
Interested in a change with less responsibilities.
Training & Support:
Owners will work with the new owner to ensure there is a smooth transition. Owner will also consider staying on as a mechanic.
Year Established: 1997
Days & Hours of Operation: Monday – Friday, 8:00am – 5:00pm
Owner Hours Per Week: 40 hours
Lease Option: Yes. Option for purchase.
Monthly Rent: $5,500/Month
Type of Location: Self-standing building in excellent location
Square Footage: 16,800
Available for purchase for $550,000 or $5,000/month on a triple net lease. Building situated on 2.45 acres with plenty of room for expansion. Currently the business operates out of a concrete foundation/building, that is steel framed with a metal exterior. The operation includes 2 private offices, a reception area , 5 bathrooms and multiple work areas for various specialized work. An addition, there is a 1,540 square feet of a walkup storage area above general office area.
It is somewhat of a strange phenomenon, but this company has more potential largely due to trends created by the “COVID” lifestyle. As people in more densely populated regions of the state (and beyond) push into more rural areas, such as the one operated in by this business. A growth spurt into rural areas has caused a residential building boom for the company’s market area.
There are multiple additional growth avenues to drive revenue by providing additional services not currently performed. The biggest limitation is the employees to provide these services.
The current owners are willing to provide limited seller financing to assist in securing an SBA loan.