Market Leading Auto Paint and Collision Repair Franchise in Northern California - SC2197

Financial Information
Asking Price: $700,000
Cash Flow: $215,000
Gross Revenue: $1,000,000
Down Payment: $525,000

This Northern Californian Auto Paint and Collision Repair Franchise is a California Sub-Chapter S Corporation that has been in existence for 11 years and under current ownership for the past 5 years. Located in Northern California, they are part of America’s #1 auto paint and collision repair provider servicing more than 20 million cars over the past 50 years. Anything from just changing the color of a car to handling an insurance claim, they can help turn the car you drive back into the car you love. They work with all insurance companies and guarantee their work nationwide warranties.

Business Location
City: Northern California
State: California

Reason for Sale
The reason for selling is the Seller would like to pursue other interests.

Detailed information
Year Established: 2013
Home Based: No
Franchise: Yes
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Full-Time Employees: 7
Part-Time Employees: N/A
Contractors: N/A
Owner Worked Hours/w: 30
Adjusted EBITDA: On request
Inventory Included: Yes
Inventory Value: $3,000
Monthly Rent: $6,900
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 10000
FF&E Included?: Yes
FF&E Value: $100,000

Training/Support
The Seller is willing to train the new Owner for up to 4 weeks at 20 hours per week. Additional training from the Seller may be available at mutually agreed upon compensation from the Buyer to the Seller.

Market Outlook/Competition
The North American automotive collision repair market size was estimated at $45.4 billion in 2023 and is projected to grow at a CAGR of 1.1% from 2024 to 2030. Stringent government regulations and safety standards are driving market growth. Regulatory bodies such as the National Highway Traffic Safety Administration (NHTSA) and the Insurance Institute for Highway Safety (IIHS) update safety standards for vehicles.

CA 02100708
NV 1003039

Listed By: Myrtel Lapuz

Background information

Reference:

SC2197

Year established:

2013

Reason selling:

The reason for selling is the Seller would like to pursue other interests.

Finance

Sales:

$1,000,000

Profits:

$215,000

Operations

Employees:

Full-Time Employees: 7 Part-Time Employees: N/A Contractors: N/A

Equipment:

FF&E Included?: Yes FF&E Value: $100,000

Inventory:

Inventory Included: Yes Inventory Value: $3,000

Furniture fixtures and equipment:

FF&E Included?: Yes FF&E Value: $100,000

Premises

Facility:

Real Estate Available: No Real Estate Included: No Real Estate Value: N/A Building Size: 10000 FF&E Included?: Yes FF&E Value: $100,000

Square footage:

10000

Rent and lease terms:

Monthly Rent: $6,900

Location:

City: Northern California State: California

Opportunities

Growth:

The North American automotive collision repair market size was estimated at $45.4 billion in 2023 and is projected to grow at a CAGR of 1.1% from 2024 to 2030. Stringent government regulations and safety standards are driving market growth. Regulatory bodies such as the National Highway Traffic Safety Administration (NHTSA) and the Insurance Institute for Highway Safety (IIHS) update safety standards for vehicles.

Market:

Price and terms

Price:

$700,000

Down payment:

$525,000

Financing:

The Seller is willing to carry a note for up to 25% of the purchase price at 7% interest over 5 years. The amount financed by the Seller will depend on the offered purchase price for the business and the quality of the Buyer.

Training:

The Seller is willing to train the new Owner for up to 4 weeks at 20 hours per week. Additional training from the Seller may be available at mutually agreed upon compensation from the Buyer to the Seller.