This company is a unique service firm that can design, build, maintain, service and even inspect nearly all the technical equipment needed in today’s automotive service bays, whether that be for new car dealerships, independent repair shops, fleet owners or a municipal or state garage facilities for city or state vehicles.

Their service territory is along Colorado’s Front Range from Denver north and on into Cheyenne and Laramie, Wyoming. They have exclusive distributorship agreements for the major brands of lifts, compressors, lubrication equipment and even exhaust ventilation systems. They sell, install, service, and inspect this equipment and even train technicians to use it. The company is in a small office and storage area in Loveland, but could be anywhere along Interstate 25 north of Denver. There is no need for a large facility or shop. Large machinery can usually be drop-shipped directly to the customer and installed or service at customer locations.

The company was founded in 2014, and has become the dominant service provider in this region, with growth opportunities that are extremely attractive. The founder/owner, who now wishes to retire, has a long and extensive history in this business and has developed a team of three service technicians that is ready to take the reins under a new owner.

Anyone who knows vehicle service bays knows that there is a revolution going on at all levels. Almost all of the equipment has been redesigned and replaced in recent years. The amateur mechanics have been replaced by trained technicians and specialists.The companies that supply these products also serve the home workshop market that is an area of additional potential growth for this company.

At the proposed pricing structure, a buyer will need $1,050,000 cash at closing: $950,000 for the proposed down payment, and an estimated reserve of about $100,000 in working capital. The buyer will then be assuming a seller note of $1,000,000 at 7% annual interest, with a 10-year term, but with a 3-year balloon payment due so that the buyer may refinance the business at that time.

The ideal individual buyer is an experienced technician in these areas with a great credit history and the ability to sign a personal guaranty on the seller note, giving the seller enough comfort to agree to those terms. This business is also an ideal acquisition for a similar company who has the capacity to continue training more technicians as demand for these services soars.

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