Auto Collision Center - Bay City, TX
This auto collision center was started in 1994 and grew sales to approximately $900,000. Due to health reasons, the owner sold the business in April 2019 to a partnership. The partners obtained a SBA loan to purchase the business and real estate. Covid 19 had a major negative impact on the business and several of the key employees left. They were successful in obtaining an EIDL loan to keep the business afloat. However, business continued to be declined and the business was closed in August 2022.
The business is located on a major highway in Bay City, Texas. The property consists of a 10,000 sq. ft. building on 1.452 acres. The facilities include a 15 bay shop area, and offices. The equipment includes two paint booths, 2 frame lift racks, 2 alignment Machines, 2 floor lifts, tire changers, battery chargers, storage racks, toolboxes and hand tools. The facilities are ideal for a body shop and/or an auto and truck repair center.
This property can be acquired with a down payment of only $150,000 and the assumption of the SBA Loan which is a 18 year term, and the EIDLE Loan which is a 30 year term loan.
Listed By: Jeffrey Jones
Business has been closed
See list of equipment in file
parts on hand at $10,000 at cost
10,000 sq. ft. building on 1.452 acres
Price and terms
$150,000 cash down and assumption of SBA loan in the amount of $670,000 and assumption of the EDLE loan in the amount of $527,000.