Full Line Auto Body and Mechanical Repair Shop! (17687)
AutomotiveFor Sale in Chicago, IL
Financial & Assets Details
About the Business
From the Chicago Metro area, local auto body shop provides comprehensive collision repair, detailing, mechanic automotive repair, painting, coating and other specialized services to commercial and domestic vehicles. Keeping positive online reviews and longtime relationships with providers, fleet accounts and additional contracts, car upkeep, towing and fiberglass solutions continue to attract fresh walk-ins as well. Benefited with a personnel of fifteen experienced employees, most likely stay for years to come, new ownership could manage either absentee or hands-on operations. The business is flexible towards a financial or industry buyer looking for growth from low capital investment and a standard transition period can be facilitated as needed to acclimate new owner to company and clients. With project parts delivered quickly, the company has proven resistant to national recessions. The pandemic had no real effect on sales as 2020 saw Total Revenues over $2,000,000 alongside Seller Discretionary Earnings of $250,000 and EBITDA of approximately $200K. Based on an independent evaluation! Found in excellent condition, prime shop buildings total 10,000 square feet with 1,100 sq. ft. for administration/waiting areas. The highly visible location is commercially zoned to handle extra capacity for expansion purposes and comes included within the asking price, however leasing terms of $7,000 monthly may be considered if desired. Besides sustaining their website and a social media presence as self-promotion, marketing efforts have used yellow pages in the past and focus on verbal referral sources that are backed by a large recurring customer base.
Financing can be negotiable for the appropriate buyer.
Support & Training
Standard Owner Transition Period.
Reason for Selling:
Approaching retirement and/or pursuing other interests.
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