$600,000.00
Asking Price
Status: Active
Posting ID: 282396
3/26/24
Description
Do you love classic cars? When you see a '67 Mustang are you just dying to get inside and take it for a spin? If so, this might be the perfect business for you.
This Sacramento County-based business has over 20 years of experience restoring and repairing domestic cars built between 1950 and 1975. They've developed a stellar reputation with multiple awards and pride themselves on building cars that not only look amazing but are a pleasure to handle on the road.
After 20+ years in business, the current owner is looking to retire and find the right person to carry on the legacy. That right person might be you if you love to work with customers, can handle managing multiple projects, will be a great leader, and have a passion for classic cars.
The business has been pre-approved for an SBA 7(a) loan with as low as a 10% down payment for a qualified buyer.
There's an experienced team in place with two senior technicians, two other technicians, and a senior upholsterer. The senior members of the team all have the ability to step up and take on more responsibility. A new owner does not have to be an expert in restoration and repairs themselves as they will be surrounded by those who have worked for this company for many years.
The company has a loyal following with repeat customers. They have strong connections with various car enthusiast groups and have relied almost exclusively on word-of-mouth marketing and referrals. There's an opportunity to grow revenue and profits through a more concerted marketing and advertising campaign. Additional growth opportunities are available by expanding repair and maintenance services beyond the existing offering.
There is nearly $1 Million of future revenue for current projects in their garage right now. Full restoration projects have a 3-month waitlist.
Despite building a successful company, the owner has a great work-life balance and limits himself to 8-hour days so he can spend time with his family. He has the confidence in his team to enjoy a minimum of 6-weeks of vacation each year.
The classic car restoration business is experiencing a growth rate that is outpacing the economy. There's a high demand for show-quality vehicles. The company does not have a lot of competition and few competitors can build cars that not only look great but run great.
Some of the highlights of the business include:
* Consistent revenue and earnings
* SBA pre-approved
* Established reputation and market leader
* Loyal client base
* Nearly $1M of future revenue in the garage
* Experienced and committed team
* Diversified service capabilities
* Robust supplier network
* Excellent growth opportunities
* Wonderful owner work-life balance
If you've always dreamed of being around beautiful, powerful classic cars, this might be the perfect business to step into. The seller is willing to stay on to help with training and the transition for up to a year.
Contact us today for a Confidential Business Review and to schedule a tour of the shop.
To get more information about this Classic Car Restoration and Repairs business for sale in Sacramento County please phone Lloyd Silver (Broker - BRE License #:02185607) at 415-376-3430 and -- - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #282396 on BizBen.com. In addition to phoning Lloyd Silver, make sure you email Lloyd Silver above to get more info about this Classic Car Restoration and Repairs, to ask any questions or request an appointment to see this business for sale. Thank you. BTI Group.
Contact
Details
Asking Price: $600,000.00
Down: Call/Email
Cash Flow: $190,185.00
Revenue: $1,107,280.00
Area: Sacramento County
City: None Given
Attributes:
My Notes About This Listing
Cash flow
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Revenue
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Franchise Fee
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Total Investment
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Min Liquid Cash
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Net Worth
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Down
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Cash flow
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Revenue
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Down
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Down
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Cash flow
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Revenue
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