Expressway Auto Body
Auto Body Repair Shop in San Jose County
Overview
Expressway Auto Body has been established for over twenty years. In April 2013 it was moved from a Capitol Expressway dealership to its present location in an auto center on Monterey Road. It’s situated in a 6,672 sq. ft. building with space for 18 cars inside plus a large fenced in area behind the building that has parking for 35 cars and a water recycling system that allows cars to be washed and detailed on site.
The equipment includes a Nova Verta down draft paint booth which is owned by the landlord who last year shared in the cost of a $100,000 upgrade of its mechanics. There are also two Chief frame racks and measuring systems.
Expressway has rebounded from the Covid slowdown and in February posted its best month ever with revenue of $141,257. The business is generated by word of mouth and referrals. Expressway has great Yelp reviews; 85 out of 86 are 5-star reviews. The owners have not attempted to get any insurance business. This could be an opportunity for a new owner who wanted to develop a DRP business.
The business has a great lease with rent at about $1.30 per sq. ft. with no NNN charges. The lease goes to 2-29-24 with two five-year options.
One of the owners is moving to Idaho and the other has reached retirement age but would be willing to stay on with a buyer for a reasonable transition period.
This would be an opportunity for someone with body shop experience to get a long-established shop with a great reputation, a good equipment package and below market rent.
Website: expresswayautobody.com
The information was provided by the Seller of the business and independently verified by the Buyer. The subject business has been sold and is currently off the market. If you’re interested in selling your business, Bay Area Business Brokers is ready to help. We offer complimentary consultation and valuation.
Please let us know if you have any questions. You can reach us at (408) 246-3846 or babizbkr@gmail.com. We have been matching buyers and sellers since 1981. To view our current listings, please visit https://bayareabizbrokers.com/businesses-for-sale/.
