Extremely Profitable Auto Body Shop
Broward County, Florida
| Asking Price: |
Gross: |
Cash Flow: |
| $750,000 |
$1,422,378 |
$244,948 |
Furniture and Fixtures Value:
$20,000 (included in the asking price)
Inventory Value:
$15,000 (included in the asking price)
Real Estate:
$0 ( not included in the asking price)
Business Summary:
Reason for Sale: Retirement- Extremely Profitable Auto Body Shop for Sale- This is a full-service Auto Body Shop in Central Broward that has been in business since 1989. Sales are over $1,400,000 & the owner's benefit is $240k+ for 2023. Equipment includes a Paint Booth, a Frame Machine/Floor Rack and all the necessities of the trade. Experienced staff will transition to the new owner. Seller is a State Farm Select Service shop. State Farm accounts for 50% of the revenue. Other business revenues come from locals, word of mouth, other commercial businesses. 1/2-acre lot with multiple bays are underutilized. Long term lease in place. Same location for 34 years.
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| Year
Business was Established: 1989 |
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| Number of Employees:
2 FT/2 PT |
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| Facilities / Terms of Lease:
Rent $12,000- Lease Expires 4/24-sq ft 7200- 7% yearly increases - One -5 yr. option- 1/2 acre lot. |
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| Owner
willing to finance:
Lender pre-screened with $75K down. |
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| Owner
willing to train:
Will train for 4 weeks @ $0 cost. |
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| Reason for selling:
Retirement. |
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| REQUEST MORE INFO |
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