Broker Name:Moon Kim
Broker Email:info@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
Broker Contact Form
Name

Email

Phone

Comment


Two National Franchise Collision Repair Center in West Dallas
(Automotive)
Dallas, Texas
Listed Price: $ 585,000
Listing ID: 000823

Listing DetailsDown Payment: $ 117,000
Gross Revenue: $ 1,407,398
Cash Flow: $ 206,477
FFE: $ 200,000 (Included in Price)
Inventory: $ 10,000 (Included in Price)
Reason for Sale:

Retirement


Training & Support:

Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

2-Location of national franchise automotive collision repair & painting shop is now available for acquisition. The first location was originally established by the previous owner in early 1990s and acquired by the current owner as the fourth franchisee in 2014, and this first location occupied in 8,598 SF space of free standing building is conveniently located just off the major highway in a city. The second location, originally in 2008, was a national franchise that was later converted to a mom & pop auto repair shop in 2011. After operation of this mom & pop shop for 5 years, the current owner acquired the business in 2017 which was converted back to the original national franchise chain. This business is located in the hub of an area known as heavy industrial area in North Dallas nearby the major highway which gives easy access to this location. The business is an American franchise of auto painting and collision repair shops, and one of the largest providers of auto paint and collision service. Both businesses offer high quality, reliable services such as paint service, cosmetic car repairs, repair program for insurance claims and etc. with affordable price point. Competition is expected for this type of business industry, but these businesses are highly competitive due to its strong brand name widely-known to people and high quality auto paint and collision service offered at reasonable price points. This first location has been established for about 25 years and has built a strong customer base which consists of many loyal customers in the area. The second location was built in 2017 with brand new equipment and facilities, and their brand new paint booths are top-of-the-line of the industry with up-to-date technology which can make the job done in much more efficient and quicker. Overall demographics of those two automotive repair shops are a well mix of ethnic groups and the customers are range from national fleet accounts, dealerships, insurance, individuals and etc. from within 40-50 mile radius of the each location. Two national franchise automotive repair shops have been well-positioned in immediate market area of each location and have been successfully operated with consistently increasing revenue for the last several years. Gross sales average for the first location has been in the range of $880K to $1.2Mil per year, and the second location which was opened in 2017 has done about $540K in 2018 which is still continuously growing. Some marketing has been proactively undertaken by corporation such as media, TV, social media outlet and etc. Although some marketing is in place through corporation, other proactive marketing methods such as special deals, flyers, social media outlets and etc. need to be utilized to achieve maximum income capacity as well as growing the customer base with individuals outside the immediate market area. This is a great opportunity to acquire two national franchise automotive repair & body painting shops as a package for potential buyer who is willing to be more hands-on in the day to day operation and marketing to reach out to untapped areas of the city.


Competition:

Competition is expected for an industry like this, but this business is highly competitive in this industry due to its reliable and precision auto paint and collision service provided at reasonable price points and strong name awareness nationwide. Also first shop has been established much longer than most of competitors in the area. The second location was built in 2017, and all facilities and equipment is brand new and excellent working condition.


Potential Growth:

Some marketing are being proactively done by corporation such as TV, media and social media. More offline marketing such as direct-mailing, email marketing, flyer and special deal etc. to local area will boost the sales by reaching out to customers within untapped areas of the business.


Financing/Terms:

100% down at the time of closing or 20% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 8598
Facilities:

The first place is located in 8,598 SF freestanding building that is conveniently located adjacent to major highway and is right next to intersection nearby densely populated residential neighborhoods and retail chains. The second place is in 11,200 SF freestanding building located in the heart of city's strong commercial & industrial area. The brand new facilities and equipment is state-of-the-art and top-of-the-line of the industry.


OperationYear Established: 2014
Employees: 4FT/9PT
Absentee Owner: No