Turnkey Truck Maintenance & Repair Shop

Not Disclosed, WA
Pierce County


Asking Price: Annual Revenue:
$305,000 $714,000

Automotive & Boats: Auto & Truck Repair & Service


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RE: Turnkey Truck Maintenance & Repair Shop Broker: Richard Hull

Quick Facts

Asking Price: $305,000
Annual Revenue: $714,000
Net Profit: Not Disclosed
Cash Flow: $134,000
Total Debt: Not Disclosed
FF&E: $128,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 4
BBN Listing #: 402059954
Broker Reference #: 37645-618557

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Business Overview:

5 Bay Garage Truck Maintenance & Repair Shop / Pierce County

Located off a busy street in the heart of Pierce County for 11 years, this truck repair and service shop is priced to sell as the owner wishes to retire! This business specializes in heavy, medium and light duty truck and trailer repair, but also provides full-service maintenance and truck repair ranging from oil & filter changes, safety inspections, tune-ups, transmission services, brake services, tire rotations and battery services. The strengths of the business include efficient and personalized service, a clean and spacious building, competitive pricing, accessible location, and a CDL driver to transport trucks from customers yards to the shop and return them after repairs are complete. In addition, the owner has added two ASE master certified technicians. The listing price includes $80,000 of inventory, $128,000 of FF&E and a very competitive lease of $6,556/month. The business has 5 service bays located in an 8,800 sq ft. commercial building. Per owner's financials, sales were over $700,000 in 2021 with $133,000 in seller discretionary earnings. There are also 4 full time employees and 1 Manager. The owner will offer 4 weeks training to ensure a smooth transition. This is a great opportunity for an investor or owner-operator to purchase a profitable business with an outstanding reputation in the greater Tacoma and Southsound area.

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Property Features and Assets:

This truck maintenance shop started through a purchase of a repair shop asset that had been closed down taking over the business which had been operating for twenty plus years; This Truck Maintenance Shop was born with three people: two technicians and a office worker. Since then, the business has added a CDL driver to transport trucks from customers yards to the shop and return them after repairs are complete. In addition, the owner added two ASE master certified technicians. Through the years, the business has grown into a solid operation and has always relied on client referrals for business.

Market Competition and Expansion:

The Truck Repair industry consists of shops providing truck repair and maintenance services to consumer-grade and commercial trucks in medium and heavy-duty grades. Industry operators specialize in and provide a variety of services, including transmission, exhaust, engine and brake repair. Truck repair mechanics also provide general maintenance, oil change and preventative-care services. The Truck Repair industry will likely accelerate over the five years to 2026, as robust economic growth in the wake of the COVID-19 (coronavirus) pandemic is expected to occur in tandem with new trucks purchased during the previous period needing repairs. Corporate profit and disposable income are anticipated to grow over the next five years, providing the industry with growth potential in both the personal and commercial truck repair segments. Industry operators are expected to benefit from an increase in outsourcing among trucking fleet operators. As trucks drive longer distances, more repair and maintenance services will be needed to keep trucks on the road. Consequently, growth in total vehicle miles typically bolsters demand for truck repair services provided by this industry. Total vehicle miles are expected to increase in 2021 and beyond, representing a potential opportunity for the industry.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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