Closed transaction · April 2020
Eddie's Mechanic and Body Repair
MDR & Associates took Eddie's Mechanic and Body Repair, an auto mechanic and body repair shop, through to closing in April 2020.
The transaction
- ClosedApril 2020
- SectorBusiness & consumer services
- Founded1994
- Represented byMDR & Associates
- Todayebodyrepair.com
The company today, in its own words. Mechanical and collision repair shop on two acres with over 10,000 sq ft of workshop space in Irving's commercial and industrial zone, with ASE and I-CAR certified technicians; founded 1994.
Afterwards
In the owner's own words
In business for 31 years my wife and I were ready to move on into retirement! Praying about how and when to sell! I was referred to MDR and Associates Michael Rubin from a dear friend from our church. I'm so grateful for this connection as MDR made the sell so simple by vetting numerous potential buyers during the most trying times of Covid! Michael understood our business and the value of the integrity it carried. He was their from the beginning to the end which made the sale go smoothly! Now enjoying what we love family ministry and each other our life has never been better! I highly recommend MDR and Associates to market your highly valued business and get you the best value for your hard earned asset! Michael and his team are second to none!
Own a service business?
Find out what a buyer would pay for it today. A confidential opinion of value from the firm that sold Eddie's Mechanic and Body Repair — free, with no obligation, answered the same business day.
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What buyers look at in a service business
Recurring and contracted revenue
The strongest single driver. Revenue under contract, on a schedule, or under a maintenance agreement is worth a multiple of the same revenue sold ad hoc.
Owner dependence
If customers buy because of you, the buyer is not buying a business. Reducing this is the highest-return work available before a sale.
Customer retention and length
Churn and average tenure tell a buyer what they are really acquiring. Have the numbers ready before they ask.
The full list, and who the buyers are: Selling a service business in Texas.
Your company
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- A value range and what is driving it
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