Description

Background: The Company is an automotive paint and body shop business. The Company primarily provides automotive paint and body repairs for most makes and models, foreign and domestic, cars and trucks, features a carwash and detailing services and limited mechanical repairs on cars and medium duty trucks. The Company was established in 1978, and has been under current management since inception. As of fiscal year ending 2013, the Company generated total revenues of $1,931,613.According to management, the Company has earned an excellent reputation over the past 36 years for its expedient and reliable service, expertise in the industry, skilled and experienced staff, prompt response time, convenient hours and location, and competitive prices. The Company maintains an extensive base of accounts, throughout Hennepin County and surrounding communities.The Company is in operation 7:00 am to 5:00 pm Monday through Friday. The Company is an owner-operated business, with eight full-time employees and no part-time employees, and operates from two, owned, single level buildings in good overall condition and approximately 22,000 square feet in size. The site of operations, situated on approximately one acre, is located on a city street, which provides good traffic and visibility.

Financial Summary

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