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Auto Body Collision Repair / Painting & Real Estate
Location: United States -> North Dakota
Industry: Auto Related > Auto Repair

Business Summary

Auto Body Collision Repair/Painting
Well established & reputable Auto Body Repair & Painting business located in Jamestown, North Dakota. The Business has been operating for 30 years and has built a strong reputation for honest and fair dealings with customers and quality work, it is well respected within the community. The Real Estate, which consists of a 9,112 sf shop plus 7 self storage rental units generating approximately $5,040.00/year additional income above the SDE stated within, is not included in the sale price of the Business. It is the Sellerrs preference to sell the Real Estate at the same time with the Business and is valued at $525,000.00. The Seller will consider a lease back to tenant for $48,000/year NNN, and Seller would also retain rental income on the 7 self storage units. (Rental Income of storage units will transfer to new Owner if property is purchased). The business is open 5 days a week with 40 hour work weeks, with occasional overtime. They also offer a 24 hour wrecker service, which is on a rotational basis with local law enforcement and rental cars are available.

In addition, the Sellers would be interested in selling adjacent Investment Real Estate: Property 1 - 43 unit self storage facility consisting of 11,180 sf and generating approximately $32,000.00/year in Net Operating Income (''NOI''). Property 2 - Shop/warehouse with one long-term tenant consisting of 5,760 sf and generating approximately $17,000.00/year in NOI, the shop also has additional space for business expansion or lease-able space for another tenant to generate additional income. All properties are adjacent, but are on separate parcels. The entire portfolio is For Sale for a total list price of $2,051,000.00. However, the Investment Real Estate is not for sale without the business being sold.
**The square footage and NOI for each property are estimated and are subject to verification by Purchaser.**
Selling Price:$825,000


Asking Price Range:  $500K - $1.0M
Gross Revenues:   $1,672,659
Cash Flow:   $316,041
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $235,607
Seller Financing:  Not Disclosed

About The Business

Year Established:  1986
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Management Training and Support:  Will train for 24 weeks/$28,800 cost
Reason For Selling:  The business is for sale because the owners would like to retire. They have owned the business for 30 years and are interested in scaling back and pursuing other endeavors.


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Auto Body Collision Repair / Painting & Real Estate Photo 1

Print Listing Id: 700269844
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Related Searches: Auto Dealers  >  Auto Parts Retail and Distribution  >  Auto Rental  >  Auto Repair  >  Car Wash  >  Gas Station  >  Other Auto Related  > 

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