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Heavy & Medium Truck Repair & Services
Location North Carolina,United States
Asking Price Range $500K - $1.0M
Gross Revenues $515000
Net Profit / Cash Flow $140000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1974
Number of Employees 4 - 5
Inventory $240000 + r/e of $285k included.
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Training Owner will help through transitioning. Staff would not mind staying on.
Reason for Sale Retirement.
Description This 36 year old truck repair business for sale has an outstanding reputation in repairing medium to heavy duty trucks. This includes transmissions, tune ups, part replacement, and more on many different makes.
They also have a very strong interstate business, meaning that they have a lot of truckers traveling up the I-95 corridor within 5 miles of their business. They get the calls for the roadside repairs and assistance. There is a possibility of boat sales and service for the new development of a riverfest project being done by the city, this is just 1/4 mile away. The city project is making the area family friendly, this includes a walking path by the river.
Their services include most services such as oil & lube, transmission replacement, brakes, rear ends, clutch work, and so much more! This doesn't include wrecking, tires, and rebuilding. They will replace and repair most parts. There are still plenty of growth opportunities for an enthusiastic buyer!
This building is located on 1.088 acres of land and is surrounded by chain link fencing with a graveled parking lot. The bottom floor consists of 2 offices and a parts area, the upper floor is used for parts and storage. Also there is a bay area with 6 bays which is also used for parts and equipment. There is ample room for expansion on lot.
All Equipment, inventory and vehicles are included in asking price, this includes 2 fully loaded Dodge vans, 2 trucks, and a tire truck fully supplied.
Building a company website and advertising on the website, TV, radio and signs would enhance profits. With a military base near by, expansion opportunities for government contracts and work has already been described as outstanding! Additional profit centers can be obtained by expanding into the truck rental business, boat repair, storage, starting a wrecker service, and so much more! There is plenty of room for expansion on the current lot for the new owner!
Asking $800,000 10% financing
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