LISTING DETAILS
Listing Status: New
Asking Price: $950,000
Total Sales: $2,147,877
Cash Flow: $388,722
Real Estate Asking Price: N/A
FFE: $50,000
Inventory: N/A
FFE Included in Sale: Yes
Year Established: 2019
Employees: 5 FT / 1 PT
Description
Business Summary:
Excellent opportunity to take over a successful, well-run, and growing paintless dent repair company based in Fairfax County, Virginia. The business was founded in 2019 when current ownership purchased a small book of accounts and has grown considerably over the past 7 years. The business currently provides services to over 50 loyal auto dealerships, body shops, and auto auction houses across Northern Virginia. There are also thousands of annual retail customers across the region. All told, the company has tripled its production since 2019 and there is a lot more room for growth.
The business success is the result of creative systems, policies, and procedures developed to maintain organization, timeliness, cost-effectiveness, and clarity across all avenues of the business. This includes: customer service, scheduling, calendar and field management, and accounting practices. Modern systems and routines have been developed to allow technicians to spend less time on the phone and less time doing paperwork, which translates to more time in the field with tools in hand doing what they do best. The business owner has also invested in marketing and advertising efforts over the years to increase awareness of the business and its services.
The systems and procedures will help enable a smooth transition to the next owner. The final and most important part of the equation is the people as the business has some of the highest producing technicians in the industry. There is an extremely low turnover rate with some team members who have been on board since day one. The owner takes pride in having well-rounded employees who are skilled in the various aspects of the trade including: retail, wholesale, body shop, and hail work. This all contributes to a successful model and is backed up by countless repeat customers, excellent online ratings/reviews, and a very positive reputation in the paintless dent removal and local automotive industry
Description of Facilities: Office Rent: $2,074.50/month
Including Triple Net (Yes/No): No
Remaining Term: Office Lease is through January 2029.
Available Options: Additional options can be negotiated if necessary.
The office consists of a suite including 2 offices, 1 conference room, large waiting area, kitchenette and dining room. Shared bathroom located in hall with no public access (keypad entry).
Competition: There are some competitors in the area, but direct competition to this business model is limited.
Growth & Expansion: Production in the company has tripled since 2019, with the field staff growing by 2 experienced technicians within the last year. Currently the business is being managed remotely from out of state with trained staff in place. There are policies, procedures and systems which would allow new ownership to be more absentee if desired, they would just need to hire a local General Manager and Office Assistant.
Seller Financing Available: Yes
Seller Financing Terms: Available depending on the final purchase price, terms, and qualifications of the buyer.
Reason for sale: The owner is in the process of relocating out of state.
Training & Support: Seller will provide necessary training and support.
For more information on this listing, please complete our Buyers Package starting with our Non-Disclosure Agreement
