Year Over Year Consistent Cash Flows

Asking Price$449,000

Cash Flow
$186,509
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$734,318

Inventory$50,000
Included in asking price
FF&E$44,110
Included in asking price
listing imageSave

Year Over Year Consistent Cash Flows


Asking Price$449,000

Cash Flow
$186,509
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$734,318

Inventory$50,000
Included in asking price
FF&E$44,110
Included in asking price
Business Description
The Company offers driveshaft repair and fabrication services for all types of vehicles, equipment, machinery, and other applications utilizing universal joint type driveshaft. The Company has several different balancers that allow the technician to solve vibration issues on a wide variety of different types of driveshafts.

The Company had been in existence since 1976 started by two brothers. The brothers worked side by side for years with other family members working in the business over time. When the one brother died his son entered the business to help operate it.

The family decided to sell the business to secure a retirement income for the wife. Part of the transaction was that the new owner would employ the uncle. The uncle stayed with the Company until he was diagnosed with cancer and had to leave to take care of himself.

The Owner started looking for an employee to replace the uncle. No industry experience was necessary, in fact, it was almost better to train a new hire that could be molded to the Owners process.

He was looking for an employee with a mechanical aptitude, who was willing to work and could read a tape measure and caliber. Pretty simple employment qualifications.

Since purchasing the Company, the Owner has been able to train several technicians. One of the Company’s current technicians is assisting the Owner in training new employees. The difficulty in hiring employees is finding an employee who wants to work, training is simple. As the Owner states “our work is like doing dishes – wash and repeat.”

The Owner is proud of what he has built. The foundation has been laid for a new owner to build upon. With a strong industry outlook and a service industry that is virtually recession proof, the Company is poised for strong growth.
About the Business
Years in Operation
49
Employees
3
Facilities & Assets
The business is in a Class B free-standing building with leased space totaling approximately 3,200 square feet. The office is approximately 200 square feet with 1,000 square feet of front counter and parts space and shop space on 2,000 square feet of shop space warehouse space. The lease is for $4,500.00 per month plus NNN. The Owner is the landlord and will write a new lease with acceptable SBA terms.
Opportunities for Growth
The Company does not have a marketing strategy in place. They have grown solely by word-of-mouth, repeat customers and their website. The outlook in the industry is strong. A new Owner with more energy could increase the work force and expand marketing and hire a salesperson to grow the business.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
3,200
Rent
$4,500.00 per month
About the Sale
Seller Motivation
Retirement
Transition Support
The initial transition period of 30 - 45 days will be used to familiarize the new owner with the operation of the business, its policies, and its procedures. This will include relationships with suppliers and customers, ordering and purchasing methods, marketing orientation, and plans for the future.
Financing Options
SBA Qualified
Listing Info
ID
2384635
Listing Views
630
Attached DocumentsAttachment Disclaimer

Commercial_Auto_AFA.pdf


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Business Listed by: Bill Billingsley The CBB Group

Listing ID: 2384635 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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