Description About This Posting: Auto Body Repair Shop
The business is an auto body repair shop approximately 40 miles east of Stockton and Sacramento, California in the Sierra Foothills. It is located in one of the jewel-like goldmining cities in the heart of the Gold Country. The business has been in existence for over 40 years and has been family run. The 3,050 sq. ft. free-standing shop is on a 1/5th of an acre and is to be included with the sale of the business. The shop is impeccably neat and well maintained and is on the main highway in the county with excellent visibility. The company relies on its long-term history and word-of-mouth for its source of business. It does not need to advertise, nor does not have any Direct Repair Program commitments with insurance companies.
The Seller's Discretionary Earnings has been recast to reflect a $31,500 potential loan payment the buyer might pay for a mortgage on the real estate. (In other words, the $83,000 SDE is the net after paying the mortgage payment.)
During the last five years the two owners have run the business by themselves with no employees. The Seller's Discretionary Earnings has been recast to reflect the likelihood that a single buyer will hire an employee to replace the existing second owner at a total cost of $65,000. Hence, if the buyer were a two-man partnership, they would replace the present two owners and SDE for the partnership would be $148,000 ($83,000 + $65,000).
All permits and Environmental Health requirements are met, and paint booths are up to code and have passed recent annual inspections.
This is a total turn-key operation just waiting for one or two owner/mechanics to step in and start making a good living from day one in a beautiful rural community. You will never have to rent to pay a landlord again, because you will also own the real estate, for an additional $400,000.
To get more information about this Auto Body Repair Shop business for sale in
Sierra Foothills please phone Randy Hendershot, CBB (Intermediary, Agent - BRE License #:01952890) at 916-993-5433 and 916-240-0382 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #251167 on BizBen.com. In addition to phoning
Randy Hendershot, CBB, make sure you email Randy Hendershot, CBB above to get more info about this
Auto Body Repair Shop, to ask any questions or request an appointment to see this
business for sale, franchise, or opportunity. Thank you.
Related Links And Information Regarding This Posting
For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278.
Mark has a broad range of small business purchase & sale experience from analyzing potential acquisition targets to successfully guiding buyers and sellers through the purchase & sale of small businesses. Mark can assist with contracts, negotiations, legal matters, etc. Reach Mark at 949-478-8393.
California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.
I have provided legal counsel to business buyers, sellers and brokers for over 17 years. With prior experience as a business broker and SBA loan officer, Joe brings both a practical and legal approach to all aspects of the business acquisition process.
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