High Grossing Collision Repair Shop with Optional Property! (17686)
AutomotiveFor Sale in IL
Financial & Assets Details
About the Business
Situated in the suburbs of Chicago, business specializes in comprehensive automotive collision reparations, maintenance and custom painting services to the clients within its geographic area since their inception in 1985. Keeping stable inventories of paint materials and parts on a per-project basis with quick delivery company also offers certified and ongoing yearly training for technicians, teaching functions for late car models and sport utility vehicles. Headquarters is a well-maintained repair facility of 8,530 square feet that includes 14 bay doors, a service shop of 5,000-sq.ft., plus an office space of 3,000-sq.ft. with customer waiting areas and break rooms of 530-sq.ft. A newly purchased property with an adjacent lot has allowed for additional parking and ample area for orderly expansion plans. Gross sales have remained consistent over the years and foresees projections of over $2.5 Million in 2023, as Total Revenues for 2022 reached amounts of $2,433,791, with Discretionary Earnings of $118,179. Thanks fourteen experienced nonunion employees most likely remaining post-sale, operations can be streamlined as team is capable of running things without owner, who will stay for a transition period of three months. Management is also free to leave for three weeks with no issue in business functionality. Apart from maintaining a website and some social media presence, marketing efforts utilize changeable marquee sign messages on a high traffic highway through the center of the city and other print media. Company also relies on positive Google reviews, DRP Relationships, and referral sources backed from a 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
3 month Owner Transition period.
Reason for Selling:
Approaching retirement and/or pursuing other interests.