Commercial Truck Repair Business, New Haven County, CT

Price: $350,000

Location: New Haven County, CT

Industry: Automotive and Boat

Listing ID: 33466079-PV

This is a well-established ASE certified commercial truck and trailer repair business located in New Haven County, CT. It is a busy business managed by two owners with trained techs on staff and an excellent reputation for quality work and reliability for over 25 years. This truck repair center maintains high standards and is affiliated with a national service company that offers strong over the road warranties and is honored nationwide. The repair facility is fully equipped and in top condition with 3 extra-large truck bays, multiple lifts, hoists, and all the related equipment and tools needed and then some. In addition to the large repair shop areas, the business has a few offices, parts inventory, a breakroom, and a reception area. It is easy to access from major roadways, has lots of space inside for multiple trucks and projects. There is space outside for stacking vehicles for repair and for the 3 shop vehicles included.

The business is managed well and is a strong competitor in the commercial automotive service industry. They serve both individual and corporate accounts providing all types of truck and trailer repairs from basic maintenance to major overhauls. Their services are in demand, and they typically have work stacked up. Automotive or mechanical experience is recommended, but strong business management skills and ability to provide quality customer service is key to continuing success. The business has consistent revenues and good cash flow with strong growth potential.

SBA financing terms are available for qualified buyers. Excellent opportunity to own and operate a top-quality commercial truck service and repair business known for quality service and reliability. The seller is seeking retirement but will assist with a transition as needed.

Gross Revenue: $1,100,000

Cash Flow: $140,000

FFE: $200,000 (Included in price)

Inventory: $20,000

Terms & Conditions:

Asset sale sought.

Reason for Sale:

Retirement

Training & Support:

Sellers are seeking retirement and will provide transitional support.

Year Established: 1997

Days & Hours of Operation: Monday to Friday 7 am to 4 pm

Owner Hours Per Week: 40

Non-Owner Payroll: $30,000

Employees: 3 to 5

Managers: Owner

Security on Lease: tbd

Monthly Rent: 5800

Type of Location: Commercial space

Facilities Information:

Large drive in facility with multiple service bays and interior project space. Assets include M2 Service Truck, 2500 series pickup, and MBE 4000 Tractor. All office equipment and furniture, repair order system, phone system, and a large list of shop tools and equipment including 2 post lifts, drive on lift, air lift, port-a-cool units, jacks, hoists, stands, compressor, welder, generator, cabinets, lathe machine, tire changer/balancer, alignment machine, diagnostic equipment, and much more.

Owner Qualifications:

Commercial automotive / heavy equipment experience recommended. Industry acumen and management skills needed to continue providing quality services and to grow revenues

Competition:

There is strong customer demand and a competitive industry / market

Potential Growth:

Strong demand for services exists and growth is dependent on the ability to hire good techs to handle more volume.

Financing/Terms:

SBA preapproval terms are available for 10 years with 10 % down (if qualified), at 2.75% over prime