Established Truck Suspension Business and Real Estate For Sale
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Watkins Spring Company, the NYS Capital Regions premier heavy-duty truck suspension service provider is a profitable and well established business in Albany NY. It is a HOLMAN Vendor with over 4,000 active accounts with a full-service parts shop with walk-in as well as delivery of parts. This is a turnkey operation including the sale of real estate (14 plus over head doors, parts shop, office and 2 gated parking lots), the business and furniture, fixtures and equipment (FF & E) as well as inventory. Owner will consider sale of the business, furniture, fixtures and equipment as well as inventory. The owner will consider a lease of real estate and an option to purchase the real estate with sale of the FF and E and inventory.
The business provides a steady cash flow with 2025 gross sales in excess of $2.4 million.
Loyal repeat customer base serving essential businesses within a two hour drive radius of the Capital Region. This extraordinary opportunity is available because the owner has decided to retire.
The business provides a steady cash flow with 2025 gross sales in excess of $2.4 million.
Loyal repeat customer base serving essential businesses within a two hour drive radius of the Capital Region. This extraordinary opportunity is available because the owner has decided to retire.
About the Business
- Years in Operation
- 118
- Facilities & Assets
- The building is approximately 16,420 SF with 13,290 SF of garage bays and 1,050 of office space and 2,080 separate retail parts shop. Frontage on Central Avenue in Albany with drive through capability to Bradford Street. A total of 14 plus overhead doors, 2 gated parking lots. High visibility on Central Avenue daily traffic count of 16,249 vehicles.
- Website
- https://watkinsspring.com
- Market Outlook / Competition
- Watkins Spring Company is in a niche market where the closest competitor of full service truck suspension services is over an hours drive from this location. The business is over 100 years old, has a stellar reputation and repeat customers. It is strategically located near NYS I-90 and Interstate 787.
- Opportunities for Growth
- Multiple growth opportunities:
1. Add sales person to call on new and existing customers.
2. Existing 2 alignment machines are not being utilized to their full potential. Employ 2 additional full time alignment workers (2 people X 5 jobs per day X $100/job = Additional $1,000/day).
3. Add staff person to do breaks and install parts on automobiles vs big trucks = $500/day/staff = $2,500/week X 40 weeks = additional $100,000 annually.
4. Enhance web presence and online sales.
5. Expand parts delivery to Newburgh, Amsterdam & Northern Dutchess County.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 16,420
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Seller willing to provide training for new ownership.
Listing Info
- ID
- 2467415
- Listing Views
- 10
Attached DocumentsAttachment Disclaimer
Real Estate, Business, FF & E, Inventory Flyer_368 Central.pdf
Listing ID: 2467415 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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