Business Overview

This is a specialized truck fabrication, repair, and retail parts sales company. Established for over 40 years. This offering INCLUDES $4,202,000 million dollars of real estate, inventory and assets. ABSENTEE owner. Experienced management team in place. Long-term employees. Limited competition. SBA Lender Pre-Qualified with $1,750,000 Down. Terms are Approximate.

Financial

  • Asking Price: $4,900,000
  • Cash Flow: $467,039
  • Gross Revenue: $4,294,233
  • EBITDA: N/A
  • FF&E: $817,000
  • Inventory: $1,400,000
  • Inventory Included: Yes
  • Established: 1980

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:22,000
  • Lot Size:N/A
  • Total Number of Employees:18
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Free Standing Building. Real Estate Included in Purchase Price.

Is Support & Training Included:

3 Weeks

Purpose For Selling:

Retirement

Additional Info

The business was established in 1980, making the business 42 years old.
The transaction does include inventory valued at $1,400,000, which is included in the suggested price.

The company has 18 employees and is situated in a building with disclosed square footage of 22,000 sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people resolve to sell operating businesses. However, the genuine reason and the one they tell you may be 2 absolutely different things. As an example, they might say "I have too many other obligations" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may just be excuses to try to conceal the reality of changing demographics, increased competition, current decrease in profits, or a range of other factors. This is why it is extremely crucial that you not rely absolutely on a seller's word, but rather, use the seller's solution in conjunction with your general due diligence. This will paint a much more realistic picture of the business's present circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Numerous businesses finance loans with the purpose of covering items such as stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can indicate that profit margins are too thin. Many organisations fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that need to be met or might lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area attract new clients? Most times, companies have repeat consumers, which form the core of their daily earnings. Certain variables such as brand-new competition sprouting up around the location, road building and construction, and also personnel turnover can affect repeat clients and adversely impact future profits. One vital point to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business on a regular basis, the better the chance to construct a returning customer base. A final idea is the general location demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? Exactly how might the regional mean home earnings impact future income prospects?