NY Metro Area Regional Platform of Collision Repair Facilities

NEW YORK - May 27, 2018 - PRLog -- Our platform consists of over fifty quality collision repair facilities in key areas of New York and New Jersey. This platform as a whole generates well over $80 million in gross sales, over $22 million EBITDA and consists of over 450,000 square feet of indoor zoned collision repair space (equating to over fifteen percent of the existing available collision repair space available in the entirety of New York and New Jersey.) In addition there is 650,000 square feet of outdoor storage with the proper zoning.The growth is not showing signs of stopping as we are regularly contacted by new shops in uncovered areas, thus increasing the number of shops involved every few weeks.

The Tri-State region is a highly profitable market for body shops for a number of reasons:

• This region consistently tops the lists of consumers that purchase luxury automobiles. In fact, 9% of all vehicles registered in New York Metro Area are late model luxury and higher-end vehicles.

• More vehicles are repaired in New York metro area rather than totaled, than any other state.

• New York State alone had over 430,000 accident insurance claims filed worth over $2,000,000,000 in insurance dollars which puts them as 3rd highest in the nation.

Hammer Group Holdings LLC has determined that major consolidators have not yet penetrated this market due to a number of barriers to entry. One challenge is that strict zoning laws in the region make building new collision repair shops or repurposing existing buildings too costly and time-consuming. Available body shop space in the New York Metro area decreases by a rate of five to six percent yearly because of residential and commercial property development. Another challenge is that before now, there was no viable Platform in the targeted area. This region is extremely fragmented. MSOs (multi-shop operators) are few and far between. This platform we have developed is appealing because it gives our targeted buyers an immediate four to five year advantage over their competitors.
Fortunately for our partners, Hammer Group Holdings LLC has created a unique and unmatched means to instantly control a significant portion of the New York Metro Area collision repair market. Additionally, many of the shop owners included in this platform are leaders in this region's collision repair market and have agreed to remain after the point of sale to operate this large network of shops. If you are interested in learning more about the opportunity Hammer Group Holdings LLC is presenting please feel free to contact us

http://www.hammergroupholdings.com/contact.php