Auto Collision Body Shop - Spring Area
This is an established and growing auto & collision shop located in the Spring area north of Houston and south of the Woodlands. They provide parts replacements, repair scratches, vehicle painting, and do major collision and fame work on all types of vehicles. This shop works closely with insurance companies, companies with fleets of vehicles, and individuals providing quotes and repair services. They have a 3 bay shop located on a major street on the north side of Houston. Major equipment includes a paint booth and frame rack. Revenue comes from their collision center and storage fees. Major mechanical work subcontracted. Started just 5 years ago, this business has enjoyed substantial growth and profitability. Financing is available through the SBA loan program with a down payment being approximately 15% of the purchase price.
Listed By: Jeffrey Jones
Background information
Reference:
82475
Year established:
2017
Reason selling:
Pursuing real estate investments
Finance
Sales:
$629,795
Profits:
$168,868
Operations
Employees:
5
Equipment:
Office furnature, shop equipment, floor racks, automated ppaint spray equipment, paint booth & frame rack.
Inventory:
4,000 paint & parts
Premises
Facility:
The shop is a free standing building shared with a tire & break shop
Square footage:
3000
Rent and lease terms:
Gross Rent is $4,350 per month. The lease expires 4-1-23 and options to renew are available.
Location:
the Spring area
Price and terms
Price:
$380,000
Financing:
New SBA loan with $76,000 down payment and a note for $304,000 payable over 10 years at 7.5% = $3,608.53 p/m.
Training:
As needed