Heavy Duty Truck Suspension & Brake Service

Business Overview:

Business established in the early 1900's. Current owner became involved in 1986 with a partner and they incorporated as a C-Corp in 1993. Current owner now owns 100% of the Company.

The activity of the business involves repair and replacement of light and heavy duty truck suspensions and brakes. About 80% of sales is large trucks, 15% is small trucks and 5% is automobiles. There also on premises is a sales counter where parts are sold to the general public.

The facility includes a total of 17,000 sq. ft. of leased space in 24 bays with 20 foot-high doors capable of accommodating 65 foot-long vehicles. Rent is $4,500 per month triple net ($54,000 per year). Real estate taxes are about $2,625 per month ($31,500 per year) in addition to the rent. Landlord is an estate administered by an executor. A complete complement of equipment with a very conservative value of $100,000 is included in the price of $500,000 along with an inventory value of current items at cost of $100,000. Additional inventory of $90,000 currently on hand will be subject to negotiation.

Owner cash flow has averaged $138,000 over the last five years and $144,000 over the last three years, remarkably consistent in spite of the general recession during these periods.

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Property Features and Assets:

The facility includes a total of 17,000 sq. ft. of leased space in 24 bays with 20 foot-high doors capable of accommodating 65 foot-long vehicles. Rent is $4,500 per month triple net ($54,000 per year). Real estate taxes are about $2,625 per month ($31,500 per year) in addition to the rent. Landlord is an estate administered by an executor. A complete complement of equipment with a very conservative value of $100,000 is included in the price of $500,000 along with an inventory value of current items at cost of $100,000. Additional inventory of $90,000 currently on hand will be subject to negotiation.

Reason for Selling:

Retiring.

Additional Details:

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