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Profitable, Established Icbc Certified Auto Repair Shop For Sale

Vancouver Island, British Columbia
Asking Price:
$650,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,300,000 (CAD)
Cash Flow:
$200,000 (CAD)

Outstanding opportunity to purchase an ICBC accredited body and paint shop on Vancouver Island. 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.

For more information please contact Keith MacKenzie at Chinook Mergers, Acquisitions and Business Brokerage Ltd.

Property Information

Real Estate:

Lease

Lease Terms:

Business owners own land and building and can structure a lease with purchasers if required.

Leasehold Rent:

$60,000 (CAD) per annum

Living Accommodation:

A small house located on the property may be used by a new owner.

Location:

The business is located in a small community on Southern Vancouver Island.

Premises Details:

5000 square feet on .9 acres of industrial zoned land

Size in square feet:
1,000

Business Operation

Expansion Potential:

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

Competition / Market:

Limited Competition

Reasons for selling:

Retirement and other interests.

Trading hours:

8:30-4:30 Monday to Friday

Employees:
3 FT
Years established:
44

Other Information

Support & training:

As required

Financing available:

Business has been pre-approved for financing as long as the buyer is financially qualified.

Furniture / Fixtures value:
$270,000 (CAD) - included in the asking price
Inventory / Stock value:
$50,000 (CAD) - included in the asking price

Contact Information

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