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Dfw B2b Commercial Vehicle Maintenance Repair Business For Sale

Dallas, Texas
Asking Price:
$125,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$497,321 (USD)
Cash Flow:
$122,723 (USD)

The business is a well-established mobile (on-site) and shop-based maintenance and repair company of commercial fleet vehicles (5 to 35 trucks), primarily medium and heavy duty trucks in the Dallas Fort Worth, Texas market. Maintenance services include oil changes, filter replacement, clutch adjustments, fluid checks, lubrication, charging, lighting and electrical system inspections, brake inspections, air brake adjustments, transmission services, and inspections to keep vehicles in compliance with federal regulations. Corrective maintenance includes batteries, cooling, starting, electrical, charging and lighting system repairs, air and hydraulic brake repair, clutch replacement, minor engine repair and more. Services are provided in a full service shop and on-site at the customer’s facility, providing convenience and reducing equipment downtime. Services are provided by experienced technicians utilizing fully equipped mobile repair vans.

The business is centrally located in dfw and the local market is one of the largest trucking and truck parts trade areas in north Texas. The hands-on owner operator works full-time in the business. The seller states that the business has excellent books & records and can prove all sales & expenses. The owner has successfully built a profitable business in an outstanding, well-equipment location. You do not need to be a mechanic to operate this business; the owner had no significant mechanical background but had leadership, management and business skills. The seller is willing provide and arrange training and support. However, the owner’s family health situation has changed, and the business requires a new owner to continue the growth and profitability.
Freight is moved with large vehicles including vans, bobtail trucks and larger equipment. The dfw metro area is growing at an estimated rate of 400 people/day creating an ever-growing demand for goods and services. Both short and long distance hauling trucks require regular maintenance and repairs. This business provides preventative maintenance and inspections resulting in lower operating costs for fleet operators. The business is also recession-resistant as, during recessionary periods, fleet operators delay purchasing new trucks and spend more money on repairs.

The company is a profitable business with rapid growth potential. The broad customer is typically fleet management companies, distributors, freight companies and leasing companies. The top 5 customers are 1) fleet management company, accounting for ~19% of revenue, 2) parts distributor, 17%, 3) freight company 13%, 4) fleet management company, 11% and 5) non-profit, 11%. The top 10 customers account for ~86% of revenue. The business has approximately 100 customers. Although there have been some issues, customers are happy with the service and committed to using the company.

A new, energetic owner can further increase sales & profits in many ways such as: 1) hands-on owner operation, 2) adding experienced, professional service techs, 3) adding service vehicles, 4) scaling business model throughout the dfw market, 6) marketing to fleet accounts

The asking price for the assets of the business is $125,000 ALL CASH or $150,000 with $75,000 down and $75,000 seller financing to a purchaser qualified/approved by the Seller. Seller prefers to sell for ALL-CASH. All financing is to be personally guaranteed. The assets include inventory at cost of $6,500, Accounts Receivable of $20,000 and FFE (Furniture, Fixtures and Equipment) used value at $75,000. The purchaser is to assume $10,000 in accounts payables. The price will be adjusted for actual inventory, work in process, accounts receivables (net of accounts payables) as of the sale date. Seller Financing is subject to Seller’s Approval, in Seller’s SOLE discretion and responsibility, of the Purchaser’s financials, Credit-worthiness and suitability as the Purchaser.

Keywords: truck repair fleet semitrailer otr volvo bobtail tractor trailer transportation reefer refrigeration diesel mechanic technician specialist eighteen-wheeler freighter rig hydraulic preventative caterpillar isuzu kenworth

Property information

Real Estate:

Lease

Lease Terms:

The business occupies approximately 5,000+/- SF in an industrial area located near major thoroughfares. The current lease expires approximately July 31, 2020 with a 2 year renewal option plus a 5 year renewal option. The lease rate is $2,850 per month plus $550/mo for building taxes/insurance. Security deposit is approximately $0. The layout consists of a large open work area with two 14’ overhead doors, approximately 500 SF office space and restrooms. Seller believes that landlord is willing to offer a long-term lease and options to a qualified purchaser. Lease transfer/assignment fee is estimated at $0 (will be confirmed by the landlord) and is the responsibility of the Purchaser.

Leasehold Rent:

$3,400 (USD) per annum

Premises Details:

The business occupies approximately 5,000+/- SF in an industrial area located near major thoroughfares. The current lease expires approximately July 31, 2020 with a 2 year renewal option plus a 5 year renewal option. The lease rate is $2,850 per month plus $550/mo for building taxes/insurance. Security deposit is approximately $0. The layout consists of a large open work area with two 14’ overhead doors, approximately 500 SF office space and restrooms. Seller believes that landlord is willing to offer a long-term lease and options to a qualified purchaser. Lease transfer/assignment fee is estimated at $0 (will be confirmed by the landlord) and is the responsibility of the Purchaser.

Business Operation

Expansion Potential:

The seller has used 1) direct marketing to local, regional and national fleet account manager, 2) honest and responsive service and 3) referrals to build the business. A new, energetic owner can further increase sales & profits in many ways including: 1) hands-on owner operation, 2) adding experienced, professional service techs, 3) adding service vehicles, 4) developing reliable method to manage on-shift and after-hours emergency service, 5) scaling business model throughout the DFW market, 6) marketing to fleet accounts

Competition / Market:

The North Texas truck maintenance market is very competitive but highly fragmented, with no dominant local, regional or national service provider. Service providers include 1) dealers or distributors for original equipment manufacturers; which are principally engaged in the retail sale of trucks, equipment, parts and service, 2) independently owned and operated fixed-site garages, a few with an on-site mobile repair focus, and 3) single truck/van mobile repair entities. In Dallas/Fort Worth, there are many fixed site repair facilities. In addition to in-shop repairs, many of these facilities provide mobile on-site repair and emergency roadside assistance. Providing these services is generally necessary to maintain and service their customer’s fleets. As such, most shops have a unit dedicated to providing these services. However, for most fixed site shops, the focus is on minor repairs and eliminating truck downtime until the truck is scheduled for in-shop maintenance and corrective repairs. Despite the presence of well-established competitors, the owner feels that they have a demonstrated superior business model, excellent fixed facility and well-equipped mobile service vans.

Reasons for selling:

Health

Employees:
3
Years established:
2

Other Information

Support & training:

Seller will train buyer for 2 weeks included with the purchase price. Seller is willing to provide additional training for $1,250/wk if desired by a purchaser. You do not need to be a mechanic to operate this business; the owner had no significant mechanical background but had leadership, management and business skills. The seller is willing provide and arrange training and support.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Price 125k all cash or 150k with $75k dn and seller financing

Furniture / Fixtures value:
$75,000 (USD) - included in the asking price
Inventory / Stock value:
$6,500 (USD) - included in the asking price
Related Documents:

Contact Information

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