• Listing# : 15286
  • Listed Price : $849,000
  • Total Sales : $2,597,614
  • SIC : 7532
  • Down Payment : $84,900
  • State/Province : Virginia
  • Status : Active
  • Discretionary Earnings : $475,127
  • Relocatable :

Business Description :

Full-service auto body and custom painting business in Southwest Virginia. Established in 2005, the Company is the largest and best-equipped shop in the area. It has built a solid reputation with drivers and insurance companies — with approximately 90% of their business coming directly from insurance companies. Great location near interstate provides easy access to surrounding areas and the go-to shop for tow trucks responding to local accidents.

Lender pre-approved for qualified buyer with 10% down. Prime + 2.75%. 10-year term for business only, 14-year term for business and real estate. The seller’s discretionary earnings includes a $31,000 charge for rent. The cash flow available to a buyer of the business and the Real Estate would be $506,000 based on Last Twelve Months. Seller will finance up to 10% depending on terms and structure of overall offer and buyer qualifications.

The Company saw a slowdown in 2020 as fewer drivers on the road during shutdowns and stay-at-home guidance resulted in fewer drivers running into each other.  Business has recovered well in 2021, with a more normalized profit being closer to 2019’s results as $110,000 of 2021’s SDE is from above-average sublet work.

Assets/Liabilities:

  • Accounts Receivable : $0
  • Incl :
  • Real Estate : $0
  • Incl : Available
  • Inventory : $7,000
  • Incl : Yes
  • Liabilities: $0
  • Incl :
  • FF&E : $134,500
  • Incl : Yes
  • Leasehold : $0
  • Incl :
  • Other : $0
  • Incl :
  • Total Assets : $141,500
  • Incl : Yes
  • Accounts Receivable : $0
  • Incl :
  • Lender Prequalified: Yes