A auto body shop in Monmouth is priced on adjusted seller’s discretionary earnings after a buyer compares this book to Galesburg — not on a statewide rumor multiple. Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. The statewide auto body shops playbook is on the industry hub; this page is the Monmouth file. Confidential sale. No upfront listing fee.
Confidential • No upfront fees • Illinois statewide
Monmouth market
Selling a auto body shop in Monmouth
A auto body shop in Monmouth is priced on adjusted seller’s discretionary earnings after a buyer compares this book to Galesburg — not on a statewide rumor multiple. Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. The statewide auto body shops playbook is on the industry hub; this page is the Monmouth file.
Monmouth is a Warren County college-and-farm city — Monmouth College, a courthouse square, and US-34, not Galesburg’s BNSF yards.
College-year seasonality applies to campus-facing books; summer cash flow must be shown. Farm-service is the other economy, and Galesburg and Quad Cities operators are the likely buyers. This is not Knox College and not a rail hub.
Monmouth has about 8,960 residents in Warren County, inside the Monmouth area. Nearby markets buyers already compare this book to include Galesburg, Macomb, Kewanee. That comparison changes who shows up: a buyer who will drive from Galesburg is not the same buyer who will fly in from a coastal platform.
Planning facts
Typical multiple
2.5x–4x SDE
Typical timeline
5–10 months
SBA eligible
Often — confirm
County
Warren County
Population
8,960
Metro
Monmouth
Nearby comps
Galesburg, Macomb, Kewanee
Closing clock
Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago
Peoria, Quincy, Galesburg, and river-industrial towns underwrite customer concentration (OEM, hospital, campus) before anyone argues a multiple.
The first call is usually an operator on I-74 or the river, not a coastal fund.
Monmouth demand for auto body shops is the customer list and the license path — not the Census population figure. About 8,960 residents is context for who already lives in the trade area. It is not a sale price.
Auto Body Shop in Monmouth
What a Monmouth buyer will underwrite on this auto body shop
A auto body shop in Monmouth is bays or site plus environmental accounts. The first buyer is often an operator from Galesburg, Macomb, Kewanee, not a coastal platform. Waste-oil, tanks, or refrigerant rules do not silently follow a stock sale.
Auto Body Shops statewide typically plan around 2.5x–4x SDE and a 5–10 months process when books and the lease are ready. That is a planning range, not a price for this Monmouth shop. Buyers here usually argue drp insurance relationships, equipment value, i-car certifications, throughput capacity.
Closing clock for this Monmouth file: Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. License path: Illinois does not license body shops statewide the way it licenses roofers, but paint-booth emissions, IEPA waste, and municipal occupancy are live issues. The industry hub teaches the statewide rule. This URL is the Monmouth application of it.
Monmouth is a small town market. The first serious call is often an owner-operator from Galesburg, Macomb, Kewanee, not a platform that needs $2 million of earnings to pay for diligence. SBA 7(a) and seller financing usually matter more here than a headline multiple.
Buyer pool
Who buys a auto body shop in Monmouth
Galesburg and Quad Cities operators.
Illustration: a two-booth collision shop in Rockford with three DRP agreements, an aging downdraft booth, and a seller who still writes every estimate. Not a closed sale.
A auto body shop whose customers already sit in Galesburg, Macomb, Kewanee is a larger business than one that stops at the Monmouth city limit. Tell the truth about the route. Buyers will map it.
SDE recast
How a buyer will read the books on this Monmouth auto body shop
Collision recasts on DRP throughput and cycle time, not a custom-paint year. Add back owner compensation, then isolate total-loss admin fees, OEM-certification pass-through, and any painter who is really a 1099. Frame and booth depreciation is real; do not treat a fully depreciated downdraft booth as free cash forever.
Illustration only — not a quote for any Monmouth shop. A auto body shop whose tax return shows $185,000 of net profit is not worth $185,000 × a rumor multiple.
Add back the owner’s $82,000 W-2 and payroll tax, $13,000 of discretionary benefits, $13,000 of accepted one-time cost, and $10,500 of personal expenses that a buyer will not run. Then subtract $83,000 of replacement labor if the owner still diagnoses, sells, or closes the books.
Adjusted seller’s discretionary earnings are $220,000. At the planning range 2.5x–4.0x, enterprise value is $550,000 to $880,000. Mid-range 3.25x is $715,000 before debt, working capital, holdback, and tax. A Monmouth buyer will argue the multiple after they ride with the staff and read the lease.
At 3.25 times $220,000 of seller’s discretionary earnings, enterprise value is $715,000 before debt, working capital, holdback, and tax. That is the planning conversation. It is not a listing-site guess.
SDE line items
Reported net profit (tax return, not the marketing P&L)
+ Interest expense
+ Income taxes (not payroll, sales, or property tax)
+ Depreciation and amortization
+ Owner W-2, bonuses, and payroll taxes on the owner
+ Discretionary owner benefits that a buyer will not keep (auto, personal travel, family on payroll with no role)
+ Accepted one-time or non-recurring expenses
− Market-rate replacement labor for owner work that will not transfer
= Seller’s Discretionary Earnings (SDE)
Illustration recast for a Monmouth auto body shop — not a quote
Net profit
$185,000
Owner W-2
$82,000
Benefits
$13,000
One-time
$13,000
Personal
$10,500
Replacement labor (subtract)
−$83,000
Recast SDE
$220,000
Planning EV at 3.25x
$715,000
Recast Seller’s Discretionary Earnings, then apply a planning multiple for auto body shops.
Replacement labor is subtracted. This is a planning tool, not an appraisal.
Recast SDE—
Planning enterprise value—
Before debt, working-capital peg, holdback, and tax. Educational only.
Enter your annual Seller's Discretionary Earnings (SDE) — your net profit plus owner's salary and any personal expenses run through the business — to estimate a range.
$
1x3.0x8x
Estimated Value Range—to—
This is an estimate for planning purposes only. Actual value depends on lease terms, asset quality, customer concentration, and current market conditions. Request a professional valuation for a precise number.
Warren (Monmouth) uses state CBS-1. College-town leases (Monmouth College) can be academic-year sensitive.
Illinois does not license body shops statewide the way it licenses roofers, but paint-booth emissions, IEPA waste, and municipal occupancy are live issues. I-CAR and OEM certifications sit with people and with the facility. Insurer DRP agreements are contracts with the named shop and often require a buyer application, not a blanket assignment.
Labor and lease
What has to keep working on Monday after close in Monmouth
For a auto body shop in Monmouth, the first labor question is: Assignable or re-appliable DRP relationships.
Small college plus farm. Summer cash flow must be shown.
Western Illinois. Owner-operator path.
Diligence
What a serious auto body shop buyer will open
Levers that move the multiple in this vertical: Assignable or re-appliable DRP relationships; Booth and frame equipment that meets current OEM repair methods; Staying estimators and painters; ADAS and aluminum capability; Cycle time a consolidator will not immediately discount.
Have these ready before anyone hears the name of the Monmouth business: DRP roster, cycle time, and severity mix by carrier; Booth age, make-up air, and IEPA or municipal paint-booth file; Frame rack, welder, and ADAS-calibration capability; I-CAR / OEM certifications tied to staying techs; Parts-procurement accounts and rental-car float; Work-in-process and supplemental-aging that inflates the trailing twelve.
Buyer tool
SBA payment sketch for a Monmouth auto body shop buyer
Most Illinois owner-operator acquisitions use SBA 7(a). This is a payment sketch, not an approval.
SBA 7(a) loans are the most common financing for business acquisitions. Estimate your monthly payment and required down payment based on the purchase price.
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Loan Amount—
Est. Monthly Payment—
This calculator provides estimates for planning purposes only. Actual SBA loan terms depend on your credit profile, the specific lender, and current market conditions. Contact us to connect with SBA-approved lenders in Illinois.
Sale steps
How to prepare a Monmouth auto body shop for sale
Recast this Monmouth auto body shop. Start with the tax return. Add owner pay. Subtract replacement labor if the seller still does the work a Monmouth buyer must hire. Do not treat a spike year as the new normal.
Name who can operate on Monday. List every credential that lets this auto body shop pull a permit or see a patient in Monmouth, and whether that person stays. Personal licenses do not transfer with the assets.
Tell the truth about the Monmouth trade area. Map customers against neighboring towns. Buyers will. A book that already covers those towns is larger than a book that stops at the Monmouth limit.
Open the lease and the labor file. Remaining term and assignment in Warren County. Whether the crew can run without the seller living eight minutes away.
Calendar the notices that apply here. Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. Start them at letter of intent, not the week of funding.
Read the statewide playbook, then talk. The Illinois auto body shops hub is the statute and recast teaching. This page is the Monmouth file. Confidential consult — no upfront listing fee.
Answers for owners and buyers in Warren County, including local closing steps.
Illinois auto body shops typically sell for 2.5x–4x SDE. Shops with DRP (Direct Repair Program) relationships with major insurers and I-CAR Gold Class certification command the higher end.
Very important. Insurance DRP relationships provide a consistent, predictable flow of work and are a major value driver. Buyers will scrutinize these relationships carefully, so maintaining them leading up to your sale is essential.
Most Illinois auto body shop sales close within 5–10 months. Shops with strong DRP relationships, certified staff, and modern equipment tend to attract qualified buyers quickly.
Buyers include Multi-Shop Operator (MSO) groups, PE-backed collision consolidators, and individual collision technicians ready to own. Illinois is an active collision consolidation market.
No. Most body shop sales are business-only transactions. A long-term, assumable lease is often preferable to buyers who want to minimize upfront capital requirements.
Most Monmouth asset sales file Illinois Form CBS-1 at least 10 business days before closing. Warren County does not use Chicago’s 45-day city notice unless the business also operates there. Municipal licenses and the lease still need their own calendar.
The first serious call in Monmouth is usually an owner-operator or a neighboring shop, not a coastal fund. Warren County buyers already know the trade area. Seller financing and a clean lease matter more than a headline multiple.
No. The planning multiple for auto body shops is a statewide starting point, not a Monmouth appraisal. Buyers in Warren County still adjust seller’s discretionary earnings, then argue the lease, licenses, labor, and owner dependency.
Service Area
Auto Body Shop Brokerage Near Monmouth
We serve auto body shops owners and buyers across Warren County and the surrounding region.