With car show season starting soon, it’s an opportune time to invest in this well-established, profitable business that specializes in classic car restoration, notably in providing show quality automotive body and paint work.
Shop is located in a highly desirable area in Scottsdale, AZ catering to avid car collectors, enthusiasts, high net worth individuals, other automotive restoration shops, and high-end automotive dealers.
The company has been “pandemic and recession proof” to date and was built debt free. All equipment is owned free and clear. Rent, paint supplies, insurance and utilities are the only main overhead.
The business features clean financials with increasing revenues and gross profit margins.
For the Buyer(s) looking to continue with the current customer base, the ideal new owner-operator (or co-owners) will be highly skilled in the industry and looking to expand within the valley or for those moving in from out of state who are seeking a truly turn-key opportunity.
Property Features and Assets:
Business is housed in a 4,320+ square feet space. Shop includes a well-kept, like-new, self-standing paint booth and mixing room which is FULLY PERMITTED to City of Scottsdale code. Additional equipment and furniture is included in the purchase price and the full list will be provided in the Confidential Business Review. The company has no loans and carries no debt to any vendors, lenders, or utility/security companies. The work flow has grown every year since the company’s founding noting the classic car restoration business thrived even during the pandemic.
Market Competition and Expansion:
Business is in high demand in a niche/specialty market in automobile painting, customization, and cosmetic repair. Most competitors in the area focus on collision repair and insurance claims business and typically do not do auto body and/or full paint jobs on older classic vehicles. Additionally, owner’s pricing has remained quite competitive when compared to similar shops.
The business has exceptional goodwill with very loyal and consistent customers. Company is referral based and has built strong relationships by catering to mostly high-end clientele while focusing on show quality body and paint.
The company has had no need to advertise since spring 2020, as the shop is consistently full and all business is now through referrals and online (Google Business Page/Business Website/Facebook Business Page). With that, even a modest amount of marketing could boost the increasing cash flows to the new owners.
Options for new Buyer(s) to expand could include hiring additional employees to perform lower priced, but still good body and paint jobs, doing their own fix and flips, selling customized paint colors, or even teaching auto body and paint via in person classes or online.
Support and Training:
Seller would be available for a negotiable training and consulting period and will introduce new Buyer(s) to current customers. The business has been built through old-fashioned values of honesty, integrity, and excellent customer service; thus the seller is hopeful these values would continue with the new Buyer(s).
- Lease in place through September 30, 2025. Lease to be assigned to the new Buyer(s) (subject to review of Buyer(s) financial qualifications); thus no sublease required.
Please contact us for additional information. NOTE: Interested Buyer(s) will need to sign a Non-Disclosure Agreement, submit a copy of their driver’s license, and complete a Buyer’s Profile along with an estimated Personal Financial Statement to receive any further information on this listing.