Specialty Truck Sales--Highly Profitable
| Asking Price: | $1,900,000 | Inventory: | $600,000 ** |
| Gross Revenue: | $5,300,000 (comments below) | Real Estate: | $1,500,000 ** |
| Cash Flow: | $550,000 | FF&E: | $400,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: FY 2006 | |||
20 year old specialty truck sales & truck parts dealer, located in Eastern Pa. This is one of the largest specialized truck parts dealers on the East Coast, and one the top 5 dealers in the US. It has no other competition in Pa., and sells nationwide and Canada, with a repeat client base of Fortune 500 Companies. Has contracts for parts/service with Postal Service and others. Product lines include new and used special use trucks, medium-heavy duty box trucks (under 26,000 GVW), step vans, cargo vans, and other vehicles, parts, and services. Has recently signed an aggreement as sole provider of specialized MHE Equipment in the US, which will add an estimated $1,000,000+ in sales this year.
About the Business
Year Established:1986
Employees:15 full time -
Franchise:Yes
Facilities:12-70 ft. deep bays with lifts capable of lifting buses, EPA approved paint booth accommodates buses/trailers. Currently expanding to add 3 additional bays. New lighting, heating, and A/C recently installed 7.5 acres zoned C-1 and Industrial on high traffic route. Owner only utilizes 4 bays for his business, renting out remaining 8 bays and parking for other office tenants for $8500/month. This is not included in any financial information. Propety has been appraised and Phase 1 & 2 completed (required by bank)
Market Outlook and Competition:Has no competition in state of Pa. There is competition in the specialty truck market, but company reputation and ability to meet client's needs quickly give market edge. Excellent opportunity for a company with multiple locations to expand this product and parts lines to all locations without additional franchise or inventory expense. Additionally, by adding new MHE Equipment line, will be sole provider for products and services throughout US.
About the Sale
Reason For Selling:Owner wishes to start exit strategy and pursue other interests
Seller Financing:Owner will finance busines sale with 30% down. Additionally will lease, lease purchase, or finance sale of facility
KEYWORDS: trucks, truck parts, Material handling equipment, truck dealers, special use trucks, industrial trucks
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