MergerPlace

Auto Repair & Paint Franchise Resale

Washington (King)


  • Asking Price: $109,000
  • Gross Income: $545,609
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $90,000
  • Listing ID: #219825
  • Established: 2007
  • Employees: 7 FT / 1 PT

Business Description

This is a Franchise Resale business that comes turnkey and offered at less than asset value. It is an opportunity to acquire one of “America’s Number 1 Body Shop" franchises at a greatly reduced price. The business provides Spot Repair, Retail Paint Service and Fleet Services. By eliminating the startup expense, a new owner/operator can go directly to the revenue building stage with this existing business. This location has a completely outfitted office and shop with all inventory, assets and equipment infrastructure in place estimated at the Fair Market Value of $195,000. The cost to start a new franchise is between $300,000 and $400,000.


Business Details

Primary Business Category: Services - Other Services
Location: Washington
County: King

Company Information

Year Established: 2007
Home Based: No
Franchise: Yes
Relocatable: Yes
Number of Employees: 7 FT / 1 PT

Financial Information

Asking Price: $109,000
Gross Revenue: $545,609
FF&E: $90,000
Inventory: $5,000
Seller Financing Available: No

Property Information

Facilities:

Located on a main thoroughfare, the building is in an attractive well kept complex surrounded by complementary businesses. The large shop space is well organized and efficiently designed to provide ample room for the equipment and space needed to complete all work. The shop can hold 15+ vehicles and there is an additional gated and locked parking lot for 25+ client vehicles.

Growth & expansion opportunities:

The Franchisor has a "formula" that franchisees learn through their extensive training and support. For those Franchisees who follow the plan, it has been a proven success business model for over four decades. Combine this with new technology, a turnkey online portal to help run your business and support from dedicated team members, there is a trusted model to drive success. According to the Franchisor, the average franchise generates $1.12 million in revenues.* There are many trade customers in the area, potential fleet customers, as well as, car rental and leasing companies, government and municipal agencies, telecommunications providers and food and beverage companies to call on that would increase the customer base. Sending out regular emails to the customer list to keep the location fresh in their minds with special offers, surveys with offering a reward to complete and general automotive tips and information are other ideas to promote for growth.

Competition:

IBIS World reports that nationwide the Autobody Industry has seen an average of 3.9% growth over the last five years with total industry revenue reaching $50 billion. Auto body repairs proves to have Recession Resilience; Global IHA says there are 270 Million cars on the road, Weekly Sales and Business Review reveals $1045 is the average accident repair ticket, January 1, 2019, the 2019 Driver Knowledge Report states auto accidents averaged about 6 million claims.

Reason for selling:

Owners are retiring.

Support & Training:

The main focus of the business is to fix routine dents and dings and provide structural repairs. Car damaged in an accident, receive high-quality work by trained technicians for the budget conscious consumer. The Franchise backs all structural repairs by a lifetime warranty which builds customer confidence and is a major selling point for comparison shopping consumers. Collision Repair & Auto Painting provides a full complement of Autobody services. · Professional Auto Painting · Collision Repair · Paintless Dent Repair · Insurance Claim/DRP · Fleet & Industrial Services: National or Local fleet servicing from rebranding, accident management, & corporate oversight benefits and flexible billing and repairs.

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Business Listed By:

Claudia Smith

Murphy Business Brokers