Business Overview

Well-established independent commercial truck and trailer repair business in Augusta, GA. Conveniently located near I-20. Very well-known to the trucking community in this area (“top of mind” and “word of mouth”). More than 15 years in the same location. Full-service care from simple DOT repairs to engine and transmission overhauls. Known for affordable, quality work. Focused on engine, transmission and rear end re-builds. Multiple high interior shop bays (2 drive-thru bays each 2 trucks deep) full almost all of the time. Extensive list of tools from specialty tools (specific to engine manufacturer) to $15,000 scanners and tool boxes. The shop has scores of certifications (certified CAT, CUMMINGS, DETROIT, EATON and several more). Owner (with 30+ years’ experience as diesel technician) willing to stay on in “some” capacity to maintain certifications that drive business to the shop. Solid book of business bringing over 20% of annual sales to the bottom-line – great cashflow.

Financial

  • Asking Price: $500,000
  • Cash Flow: $168,657
  • Gross Revenue: $655,874
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2004

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:3
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

4 weeks

Purpose For Selling:

retirement

Additional Info

The venture was established in 2004, making the business 18 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons people decide to sell companies. Nevertheless, the real reason and the one they say to you might be 2 absolutely different things. As an example, they may state "I have too many other obligations" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may simply be reasons to try to hide the reality of altering demographics, increased competition, current reduction in earnings, or a range of various other factors. This is why it is extremely crucial that you not rely totally on a vendor's word, however rather, make use of the seller's response along with your general due diligence. This will paint a much more sensible image of the business's current situation.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses finance loans with the purpose of covering points like stock, payroll, accounts payable, etc. Bear in mind that sometimes this can suggest that revenue margins are too thin. Many companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that should be fulfilled or may cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location draw in brand-new consumers? Often times, operating businesses have repeat customers, which create the core of their everyday profits. Particular variables such as brand-new competitors growing up around the location, roadway building, and also personnel turn over can affect repeat customers and negatively impact future incomes. One essential thing to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business often, the higher the chance to build a returning client base. A last thought is the general location demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the local mean house earnings effect future income prospects?