Auto shop for sale with Real Estate 001044
Price: $1,200,000
Location: Tarrant County, Texas
Industry: Automotive & Boat/Auto Repair & Service Shops
Listing ID: 001044
Auto shop for sale with Real Estate. Nearly two decades operated auto body & paint shop with real estate + next door 2 story building in a well-known area for auto service is available for acquisition. This business was established in 2002 and acquired by the current owner the business after renovations. This auto paint & body shop is in a 4,800 SF freestanding building in an area well-known for a corridor for automotive-related service. This auto body shop provides services such as paint repair, general body repair, paint jobs, and the sale of truck accessories. There are some competitors within the immediate market area, but this business offers great quality services with extremely low prices than the market average. Also, the overflowing demand for auto services on this street allows the business to grow consistently. The current customer base is filled with many individuals with a small number of corporate accounts, which have been built for the last 18 years of operation. The majority of the customers are middle-class Caucasian and Hispanic individuals. Sales in the last five years have averaged $38,000-$40,000/month and haven’t been so much impacted by Covid-19. The sale can be significantly raised if proactive marketing is done in nearby communities since there is no single marketing currently. Proactive marketing to target individual customers and adding more corporate customers from insurance companies or dealerships will provide an adequate increase in yearly sales. The next-door 2-story building included in the sale can also be used as an expansion for the auto body & paint shop. This is a great opportunity to acquire a well-established auto paint & body shop for a potential buyer willing to be more hands-on in the day-to-day operation and proactive marketing to reach out to an untapped demographic of this market area.
Down Payment: $1,200,000
Total Sales: $360,000
Cash Flow: N/A
Inventory: $80,000 (Included in the listed price)
Real Estate Price: $900,000 (Included in the listed price)
Owner Financing: No
Franchise: No
Real Estate: Yes
Relocatable/Home-based: No
Reason For Sale:
Retirement
Training & Support:
The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.
Year Established: 2002
Employees: 3FT
Absentee Owner: No
Square Footage: 5,120 SF
Facilities Information:
Located in a 5,120 SF free-standing building, this auto shop does paint and body repairs. Right beside the body shop is a 3,400 SF freestanding building that was leased to a tenant for auto sales. Both buildings are included in the sale, totaling 8,520 in building SF and 14,000 in land SF.
Competition:
Many competitors are within the immediate market area due to the well-known street location for auto services. However, there are still rooms to grow for this business since the demand in the local area is huge. Also, this business provides extremely competitive price points and quality service compared to other competitors within the immediate market area.
Potential Growth:
No forms of marketing are currently done, but lots of word of mouth goes around the local area since the business has been established for over a decade. Adding more corporate customers will help increase overall sales and a more consistent cash flow. Expanding the facility to the next building would also be a viable option to increase sales.
Financing/Terms:
100% down at the time of closing or 25% cash down with SBA Financing for Qualified Buyers.
