High Grossing Collision Repair Shop with Optional Property! (17686)
AutomotiveFor Sale in IL
Financial & Assets Details
About the Business
From the outer suburbs of Chicago, listing specializes in comprehensive automotive collision repair, maintenance and custom paint services to the local clients surrounding its geographic area. Offering certified and ongoing yearly training for technicians as well, business has provided reparations for late models and sport utility vehicles since their inception in 1985. Gross sales have remained consistent over the years and foresees projections of $2.0 M in 2020, as Total Revenues for 2020 reached amounts of $1,934,942, with Seller’s Discretionary Earnings of $195,597. The total square feet is approximately 8,530 square feet. The service shop portion is 5,000 square feet, and includes 14 bay doors, with an additional 3,000 square feet of office space and 530 square feet of customer waiting areas and break rooms. The shop is orderly and well-maintained. Thanks to an experienced personnel of 12 nonunion employees, the company is ready to continue operations well after transition, which can vary from semi-absentee to hands on, making it easy for new management to vacation, if needed. Apart from maintaining a website, Google reviews and some social media presence, marketing efforts have made use of a changeable marquee sign messages on a high traffic highway through the center of the city and other print media, while also relying on referral sources DRP relationships & backed by their large recurring customer base. Based on an independent evaluation!
Financing can be negotiable for the appropriate buyer.
Property is available for optional purchase outside of asking price.
Support & Training
Standard Owner Transition period.
Reason for Selling:
Approaching retirement and/or pursuing other interests.