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For Sale: Auto Body Shop - Wheel Specialty - San Jose, Santa Clara County

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Current Status: Active     Posting #: 252615     Last Refreshed: 8/5/19     BRE License #: 01919755    
Contact: Tim Cunha At 650-600-3751 , 844-237-6487  -  Also Email This Contact Below
Price:  $599,000     Down:  Call     Adjusted Net:  $300,000     Revenue:  $1,200,000    
Business Address:  None Given     City:  San Jose     Zip:  None Given    
Attributes:  Training & Support     Cooperation With Brokers?  Yes
San Jose, Santa Clara County Auto Body Shop - Wheel Specialty Business For Sale

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For Best Results & Response, Email & Phone This Contact: Tim Cunha at 650-600-3751 and 844-237-6487.

  Description About This Posting: Auto Body Shop - Wheel Specialty
This is a specialized 'auto body shop for wheels' repairs, refurbishing, painting, and polishing. Serving the San Jose Metro/Bay Area for over 30 years. All work is done in-house, using a full array of wheel straightening equipment, including a state-of-the-art wheel press and a hub aligner that brings wheels back to 'near-perfect' trueness.

They reconstruct wheels to new condition and structural integrity. First, the wheel is straightened as much as possible, then they weld new aluminum or steel to repair or replace broken off pieces of wheels that were lost in especially bad impacts. Once the new material is machined to meet the original specs, they then smooth it to match the wheels' original surface. The customer then has the option of original paint, custom paint, or polishing it to a mirror like shine that even the most critical eye would approve of.

Customers include individual vehicle owners, corporate vehicle fleets, and commercial auto body shops throughout the greater San Francisco Bay Metro Area.
This is an ideal business that capitalizes on the trend to repair rather than replace. Repairing wheels usually costs less than buying new, and often the damaged wheel is no longer available from the manufacturer. With a 'wholesale' as well as retail customer base, it provides economic stability and sustainability. The potential new owner could be an owner-operator, a semi-absentee investor, or an existing auto body shop that wants to expand its market.

The business is in a leased facility with office, work, and storage space, with a monthly rental of approximately $7,000 per month. Equipment includes (but not limited to) automatic polishing machines, polishing lathes, wheel presses, CNC machines, paint/spray/powder booths, paint & powder guns, lifts, wheel balancer, blast cabinet, compressors, and 5 vehicles for pickup and delivery. The itemized cost to acquire and install replacements for all the furniture, fixtures, and equipment ('FF&E') with similar type, age, and condition ('used, not new') is $400,000.

Sales are approximately $1,200,000 annually. Gross revenues in the first three months of 2019 (Q1) are over $300k, with an annual SDE trending to be $300k, perhaps more. 2018 financials are still being completed and 2018 SDE being calculated; complete financial history will be available to serious prospective buyers upon signing an NDA and meeting with the broker and seller.

The Transaction: The asking price for the entire business is approximately 50% of annual gross revenue / 2X SDE $599,900. This includes website, phone number, name, customer database, manufacturer relations, tools, equipment, instruments, and a reasonable period of training and management transfer consultation from the seller (length of time to be negotiated). It would not include the sub-S corporate entity, cash-on-hand, rental deposits, accounts receivable, or accounts payable. Parts inventory cost is negotiable.

Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does not represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.

To get more information about this Auto Body Shop - Wheel Specialty business for sale in San Jose, Santa Clara County please phone Tim Cunha (Intermediary, Broker - BRE License #:01919755) at 650-600-3751 and 844-237-6487 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #252615 on BizBen.com. In addition to phoning Tim Cunha, make sure you email Tim Cunha above to get more info about this Auto Body Shop - Wheel Specialty, to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

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