For Sale: ICBC Certified Auto Repair Shop

-

Outstanding opportunity to purchase an ICBC accredited body and paint shop. The business has been in continuous operation for more than 40 years and has the highly coveted ICBC “Express” designation.

With revenues of 1.3 million and an EBITDA of $200,000, if you are an experienced body man or estimator, this is an opportunity you can’t afford to pass up. The asking price for the business is only $650,000 which includes an extensive asset list along with over $50,000 in Inventory. A savvy investor will want to enquire about the land and building which was recently appraised at close to 1.1 million. The property also has a very recent Phase 1 and Phase 2 clean environmental report completed.

The business in this location has high barriers to entry and very little local competition. Tentative financing is in place for a qualified buyer. 

Background information

Year established: 1976

Reason selling: Retirement

Sales:

$1,130,000

Profits:

$200,000

Profit type:

EBITDA

Operations

Employees:

3 Full-time tradesman / apprentices

Equipment:

An extensive equipment list is included in the purchase price

Inventory:

Approximately $50,000 included in the purchase price

Premises

Facility:

Newer building with state of the art paint shop, separate office and fenced yard.

Square footage:

5000 square feet on .9 acres of industrial zoned land

Rent and lease terms:

$5,000 per month

Location:

The business is located in a small community with high barriers to entry.

Opportunities

Growth:

Opportunity to increase revenues through addition of staff or by leveraging an underutilized franchise which is included in the sale price.

Market:

The business

Price and terms

Price:

$600,000

Financing:

Financing in place for qualified buyer

Training:

As required