Business Overview

Well-established Truck Mechanical Repair Center is located on a very busy truck route in an industrial area. All of the mechanics will stay. The Truck Center’s average monthly gross revenue is $180,000 with a net profit of $35,000 plus. The business has earned a reputation for good, affordable work. It is owner-operated. Loyal customer base who rely on their timely work.

Financial

  • Asking Price: $1,000,000
  • Cash Flow: $420,000
  • Gross Revenue: $1,800,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 2006

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:7
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

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Is Support & Training Included:

Negotiable

Purpose For Selling:

Other Interest

Pros and Cons:

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Opportunities and Growth:

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Additional Info

The company was established in 2006, making the business 16 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals choose to sell businesses. However, the true reason and the one they say to you may be 2 completely different things. As an example, they may say "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may simply be justifications to attempt to conceal the reality of transforming demographics, increased competition, recent reduction in earnings, or a variety of various other factors. This is why it is really vital that you not rely completely on a seller's word, but rather, utilize the seller's solution combined with your general due diligence. This will paint an extra practical image of the business's current scenario.

Existing Debts and Future Obligations

If the current company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Many businesses borrow money so as to cover items like stock, payroll, accounts payable, and so on. Remember that in some cases this can suggest that earnings margins are too small. Lots of organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that should be met or might result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area bring in brand-new clients? Most times, businesses have repeat clients, which create the core of their daily revenues. Specific variables such as brand-new competition sprouting up around the location, roadway building and construction, and also staff turn over can affect repeat consumers as well as negatively affect future earnings. One vital point to think about is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business often, the greater the opportunity to construct a returning client base. A final idea is the general location demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? How might the local typical home income effect future income potential?