25+ Year Old Commercial Fleet Maintenance And Repair Business
Business Description
Recession-Resistant Industry | Strong Repeat & Referral Business | Strong Growth
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https://generational.tfaforms.net/4660083?DealID=a1L2G000004zIte
Founded in 1996 and the Company offers complete vehicle repairs and maintenance on Trucks, Buses, and all types of specialized equipment. The Company has specialization in lift gate sales and installations, truck body installations and truck and bus parts repairs and sales. The Company also offers road call repairs for its customers, contributing to the Company’s mission to increase efficiency for customers by providing a one-stop shop for all bus and truck needs.
The Company’s experienced technicians perform preventative maintenance, DOT inspections, truck and body repairs, A/C & heating repairs, liftgate installations and repairs, among other services. In 2023, the Company’s internal profit centers included Parts, Service, Road Calls, and Outside Service.
The Company builds business partnerships and services customers with commercial vehicles. The Company primarily services buses and truck vehicles. In 2023, management estimates the breakdown of revenue by customer type was Government Agencies (65%); Private Sector (30%); and Independents (5%). The Company serves 80 active customers and has an approximately 90% rate of repeat business.
INVESTMENT APPEAL
Management Will Remain through Transition. Management is willing to stay with the Company during a transition period in order to ensure a seamless transfer of ownership.
Superior Name and Reputation. The Company enjoys a long-standing reputation for its focus on being a complete provider of bus and truck repairs, maintenance, and consulting. The Company’s services and skilled technicians allow it to differentiate itself from competitors.
Strong Client Relationships. The Company is proud of its strong ties to clients and its reputation for quality work and client service. Evidence of these relationships is shown in the 90% rate of repeat business.
Historical Sales Growth. Historical sales have grown from $971,000 in 2021 to $1,476,000 in the fiscal year ending December 31, 2023, representing a compound annual growth rate of 23.3%.
https://generational.tfaforms.net/4660083?DealID=a1L2G000004zIte
Founded in 1996 and the Company offers complete vehicle repairs and maintenance on Trucks, Buses, and all types of specialized equipment. The Company has specialization in lift gate sales and installations, truck body installations and truck and bus parts repairs and sales. The Company also offers road call repairs for its customers, contributing to the Company’s mission to increase efficiency for customers by providing a one-stop shop for all bus and truck needs.
The Company’s experienced technicians perform preventative maintenance, DOT inspections, truck and body repairs, A/C & heating repairs, liftgate installations and repairs, among other services. In 2023, the Company’s internal profit centers included Parts, Service, Road Calls, and Outside Service.
The Company builds business partnerships and services customers with commercial vehicles. The Company primarily services buses and truck vehicles. In 2023, management estimates the breakdown of revenue by customer type was Government Agencies (65%); Private Sector (30%); and Independents (5%). The Company serves 80 active customers and has an approximately 90% rate of repeat business.
INVESTMENT APPEAL
Management Will Remain through Transition. Management is willing to stay with the Company during a transition period in order to ensure a seamless transfer of ownership.
Superior Name and Reputation. The Company enjoys a long-standing reputation for its focus on being a complete provider of bus and truck repairs, maintenance, and consulting. The Company’s services and skilled technicians allow it to differentiate itself from competitors.
Strong Client Relationships. The Company is proud of its strong ties to clients and its reputation for quality work and client service. Evidence of these relationships is shown in the 90% rate of repeat business.
Historical Sales Growth. Historical sales have grown from $971,000 in 2021 to $1,476,000 in the fiscal year ending December 31, 2023, representing a compound annual growth rate of 23.3%.
About the Business
- Years in Operation
- 29
- Employees
- 11
- Facilities & Assets
- The Company operates from a 4,000 square foot repairs shop and office. Its current facility is leased from a third party and is used as a repair station, to store parts for future use, and as an office space for management purposes. Management indicates that its facility is adequate for expansion in the near-term, and the Company is expected to remain at its current location after a potential transaction. In 2023, the Company paid a lease rate of $82,000, and this rate is assumed moving forward.
- Market Outlook / Competition
- Since inception, the Company has differentiated itself by providing superior quality and timely service. The Company performs service with dealership quality and professionalism, in a more timely and flexible manner. The Company provides a full array of services from general maintenance repairs to highly technical repairs whereas many competitors focus on specific types of repairs. Additionally, the Company differentiates itself by providing mobile service.
- Opportunities for Growth
- Online Store
The Company has recently (2024) launched an online part store, accessible via the company website. At present, over 8,000 different products are available through the store, with plans to expand offerings to the Company's full inventory of approximately 10,000. As the Company continues to expand and develop the online store, Management expects it will become the majority of revenue earned as a percentage of sales, and lead to significant revenue growth over the pro forma period.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 4,000
Listing Info
- ID
- 2261641
- Listing Views
- 111
Listing ID: 2261641 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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