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
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National Franchise Auto Collision Repair Center in North Dallas
(Automotive)
Collin, Texas
Listed Price: $ 220,000
Listing ID: 000850

Listing DetailsDown Payment: $ 110,000
Gross Revenue: $ 510,238
Cash Flow: $ 46,654
FFE: $ 120,000 (Included in Price)
Inventory: $ 5,000 (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:

National franchise automotive collision repair & painting shop is now available for acquisition. Originally in 2008, this business 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 11,200 SF space of freestanding building is a fully-equipped automotive shop that is located in the hub of an area known as heavy industrial area in North Dallas nearby the major highway adjacent to this business that 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. The business offers 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 this business is competitive in terms of auto paint and collision service due to its strong brand name widely-known to people and reasonable price points. The business has built in 2017 with brand new 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 much quicker. Overall demographics of the automotive repair shop is well mix of ethnic groups and the customers are range from national fleets, dealerships, insurance, individuals and etc. within 40-50 mile radius from the each location. A national franchise automotive repair shop has been well-positioned in immediate market area of each location and has been successfully operated with consistently increasing revenue for the last years. Gross sales average for this business has been in the range of $500,000 to 550,000 per year 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 a national franchise automotive repair & body painting shop for potential buyer who is willing to be more hands-on in the day to day operation and proactive 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 terms of auto paint and collision service with strong name awareness nationwide and reasonable price points while the business 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 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 11200
Facilities:

The business is in 11,200 SF freestanding building located in the heart of city's commercial & industrial area. The brand new facilities and equipment is state-of-the-art and top-of-the-line of the industry.


OperationYear Established: 2017
Employees: 1FT/4PT
Absentee Owner: No