Ideal Auto Body Shop
Hudson County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $3,250,000 |
$2,702,567 |
$746,977 |
Furniture and Fixtures Value:
$500,000 (included in the asking price)
Inventory Value:
$25,000 ( not included in the asking price)
Business Summary:
One of the largest and well known Hudson County Auto Body Repair Shops showing over 10% increase in business compared to 2009; sales will be over 3 million for 2010. This Body shop consisting of 2 connected buildings contains repair shop with 80 cars internally, besides 2 paint rooms and meticulously clean paint mix room. Outside controlled parking for 60 cars. Business has two newer flat beds and one tow truck; interior of body shop has two lifts plus all necessary top notch equipment to produce satisfied completed to notch car repairs. Real Estate taxes appealed and will be going down in 2011.Enterprise Rent A Car, has a satellite office located on premises. Travelers Insurance company has a large concierge claim office located in building. Work areas and repair facility completely separated from front and executive offices. Owners office well maintained and furnished has an upstairs conference center 1 apartment with modern kitchen and conference room overlooking body shop below. Entire property environmentally clean (No EPA problems) All equipment first class and well maintained. Location of facility convenient to hub/city traffic with all major highways Holland and Lincoln Tunnels near by. All services rendered are performed with reduced handling cost and time: by top notch professionals who will stay on. Last year 2009 owner took out $597,000 in salary plus $70,000 for other non participating family members. This specific collision business is showing a 10% increase in gross income for 2010. Total sales will be over 3 million for 2010. Business has tie in contracts with city (rotating cycle) and works directly with many insurance agencies- direct tie with Travelers and major groups. Tie in with insurance agencies and corporate insurance companies. This facility has top ratio returns in profit than other businesses in the auto body repair environment. Help will stay on as strong confidentiality agreement from all potential buyers must be enforced. Entire premises are monitored by security cameras and are recorded 24/7. Financing may be considered from an extremely strong buyer. ALL BUYERS HAVE TO SHOW THEY ARE FINANCIALLY QUALIFIED.
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| Year
Business was Established: 1997 |
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| Number of Employees:
17 |
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| Facilities / Terms of Lease:
Internally connectedly two buildings 80 cars inside, top of line equipment, outside parking for over 50 cars-entire properly environmentally clean. |
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| Potential
Growth/Expansion:
Building was built with the intention of putting on 2nd floor. |
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| Competition:
This is an area of mega shops. This one is considered one of the majors and well respected by other shops in same trade. |
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| Owner
willing to finance:
Financing would be considered from a very strong buyer |
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| Owner
willing to train:
Two weeks until buyer feels comfortable |
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| Reason for selling:
Owner who is widow wishes to retire |
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| REQUEST MORE INFO |
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