Los Angeles
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Listing Number: 130-21340
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Category: Auto
| Asking Price | $4,900,000 |
| Down Payment | |
| Gross Revenue | $4,288,491 |
| Total Adjusted Net Income | $1,382,906 |
| Equipment / Fixtures | $895,000 |
| Year Established | 2004 |
| General Location | Los Angeles |
Lana Hout
- Office: (424) 832-3410
- Cell: (424) 272-1773
- businessforsalehotlist.com/ thebusinessbrokerslosangeles.com/
- License #: CA DRE 01957174
- Office: (424) 832-3410
- Cell: (424) 272-1773
- businessforsalehotlist.com/ thebusinessbrokerslosangeles.com/
- License #: CA DRE 01957174
This is a RARE opportunity to acquire a luxury auto body & paint shop in Los Angeles! The Business is a well-established, full-service high end collision repair & paint shop that draws clients from the Los Angeles, Venture & Orange Counties. The Shop is located in a high traffic intersection in L.A., where it has been a repair shop for over 5 decades. The Business is semi-absentee owner operated, completely turn-key, and fully staffed with highly trained, long-term, and dedicated employees. Renowned for its elite-concierge level customer service and 5-star quality work, the Business has built strong relationships with several luxury dealerships over the past 2 decades. The Business provides full-service collision repair & paint services, as well as additional collision related mechanical repairs. The Seller states insurance claims represent 75% of revenue with the remaining 25% being customer direct pay. The Paint Shop has a highly coveted grandfathered down draft spray booth system with a heater. Included in the sale is one work van, one security car, and approximately $200K in A/R, $220K in inventory, and $895K in FF&E. The business requires an AQMD, EPA and LA City Spray Booth licenses for operation. Per the Seller, these licenses can be transferred, with transfer fees estimated at $10K in total. The Business experienced a Covid related decline in 2020, however it bounced back to pre-Covid levels in 2021.This opportunity is ideal for an existing auto repair shop looking to expand into the luxury market or increase its footprint in L.A. or a buyer from outside the L.A. market looking to expand into the region. The Business has previously not engaged in advertising or social media efforts offering a prime growth opportunity for a marketing & social media savvy buyer. This opportunity is ideal for an existing auto repair shop looking to expand into the luxury market, increase its footprint in L.A. or a buyer from outside the L.A. area looking to expand into the region! NDA and proof of funds are required for this highly confidential listing. Inquire Now! Email inquiries to: ddube@fcbb.com
| Gross Revenue | $4,288,491 | Listed Price | $4,900,000 |
| Total Income | $1,382,906 | Down Payment |
| Base Rent | $26,500 | Square Feet | 25900 |
| Total Rent | $26,500 | Lease Expiration | |
| Rent Deposit | $30,954 | Lease Options |
| Inventory | $220,000 | Leasehold Improvements | $0 |
| Equipment / Fixtures | $895,000 | Other Assets | Supplies $25,000 |
| Full-Time Employees | 6 | Training Period | 3 Months |
| Part-Time Employees | Special License Required | AQMD, EPA, LA City Spray Booth | |
| Contract Staff | 5 | Reason for Selling | Relocation |
The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.
FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.