Large Antique & Classic Auto/Truck Restoration Shop - FUN
Location: Washington > Pierce County > Puyallup, WA
Industry: Auto Related > Auto Body and Repair
Financials
Asking Price: $630,000
Gross Revenue: $1,450,000
Gross Revenue Comments: Backed up by a large begining customer deposit
Cash Flow: $281,000
Cash Flow Comments: last summer a big month of $55,000
Inventory: $18,000 (Included in Asking Price)
FF&E: $200,000 (Included in Asking Price)
Real Estate: $1,265,000 (Not Included in Asking Price)
Seller Financing: To a well qualified buyer, I can finance this deal. Give me a call and see if we can work out something. The Real Estate is also available and may be seller financed.
Business Summary
This shop is the largest such Specially Auto Restoration Shop in all of America. Buffalo works on 20-30 rigs at a time with a crew of 21 people. We accept customers rigs only if they are over 30 years old. Great cash flow, and net profits. The largest month of our history was just last summer at a $55,000 net profit. I am 80 years old and want to travel more. I'm now willing to share the fun with someone else in the field of old cars and trucks. Our well trained and experienced Management and staff is in place to continue this operation into the future. Step into a well operating business and start earning profits on the first day. A fully government approved shop with paint booth, and 12 bays plus a large bone yard out back. The existing management and staff are fully capable of continuing this operation as-is with its assured profits even if the new owner is only here periodically. I can train the new owner in a short time to keep the plan going properly. Can it be improved - sure it can. I'm good, but I'm also tired. Give me a call and see if you qualify for a wonderful ride into the future.
About the Business
Year Established: 1969
Employees: 18 full time - 3 part time
Relocatable: Yes
Facilities: 12,500 square feet of building covering just short of one acre with 155 feet of frontage on a 6 lane highway, intersecting with an Interstate Freeway #SR 512. All the equipment if well maintained under the care of a full time maintenance man. Everything works well and is properly suited for this type of work to produce high quality professional workmanship.
Market Outlook and Competition: The old car restoration business is flurishing all across the country. We have a great reputation and have many out of state customers that use our facilities to get the high quality workmanship we provide. We are the LARGEST such shop in all of America, our competators are usually very small shops with many of them running out of their home garage. We are the professional shop. Interest in collectable cars is increasing. We received a call just yesterday from Texas from a gentleman who is shipping us his car for total restoration.
About the Sale
Management Training and Support: I will stay on for a few months for free to train the new owner in the successful way I do this bisiness. The crew is well trained and I believe they will stay on after the sale. Just step into my shoes and succeed.
Reason For Selling: I am 80 years old and in good health, but I want to travel more and I am willing to share my wonderful experience of dealing in old beautiful cars to another person. My record is over 1700 restoration completions over the 39 years I have owned this business. Such a great and exciting business to own.
Attached Files - Attachment Disclaimer
1957 Chevrolet - The type of automobile we do best. Plus 100's more.44 KView | Download

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BizQuest ID:885975
Business Listed By
Name:Robert R. Newgard
Company:Buffalo Restorations
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.