Auto Body & Paint Shop w/option on Real Estate

With a solid business model, consistent revenue and profit, Seller is ready to retire and pass along the business and property to the next generation. Cash Flow, FFE and Inventory easily justifies business value of $265,000. Current rent $3000/month included in expenses. Buyer has great options with this cooperative Seller: sign a long-term lease, lease with option to buy, or buy both the business and real estate. Most importantly, Seller will consider financing to a financially qualified and properly skilled auto repair buyer. Local bank analyzed the loan options for the last option and gave an initial favorable review because of the excess Cash Flow for new debt service. Property offered at $398,000. Contact Broker Bill Swan for NDA and then receive confidential information summary on Business and/or Property.

Please refer to listing ID: 19-3436

Industry:  Auto Related
Industry Segment:  Auto Body and Repair
Geography:  United States > Arizona > Tucson
Asking Price:  $265,000
Gross Revenue:  $438,000
Cash Flow:  $140,000
Value of Inventory:  $20,000 (Included in Asking Price)
Value of Equipment:  $20,000 (Included in Asking Price)
Value of Real Estate:  $398,000
Year Established:  2007
Number of Employees:  Owner,1FT, 1PT
Mgmt. Training/Support:  2 weeks, negotiable
Reason For Selling:  Retirement
Facilities:  Third of acre property, near downtown, 2400 SF block building in good condition which includes office, bathroom, and 336 SF certified paint shed. Quiet neighborhood. Secured with gates and security system.
Market Outlook/Competition:  There are other repair and paint shops, but none this centrally located in Tucson or with such a long successful and consistent history. Lot always filled with jobs from rental cars companies, car sales companies, and individuals. Does 400+ jobs a year.
Name:  Bill Swan
Email:  tbi@tucsonbusiness.com
Phone:  520-750-1764

 

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