Full-service auto body and custom painting business in Southwest Virginia. Established in 2005, the Company is the largest and best-equipped shop in the area. It has built a solid reputation with drivers and insurance companies -- with approximately 90% of their business coming directly from insurance companies. Great location near interstate provides easy access to surrounding areas and the go-to shop for tow trucks responding to local accidents.

Lender pre-approved for qualified buyer with 10% down. Prime + 2.75%. 10-year term for business only, 14-year term for business and real estate. The seller's discretionary earnings includes a $31,000 charge for rent. The cash flow available to a buyer of the business and the Real Estate would be $425,000 based on the Last Twelve Months. Seller will finance up to 10% depending on terms and structure of overall offer and buyer qualifications.

The Company saw a slowdown in 2020 as fewer drivers on the road during shutdowns and stay-at-home guidance resulted in fewer drivers running into each other. Business has recovered well in 2021 and YTD 2022 SDE is 10% above 2021. 2021 revenue and SDE are shown without the benefit of approximately $110,000 of above-average sublet work, with sublet, the SDE would be approximately $504,000.

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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.