39 Year Old Fleet Truck Repair In Denver For Sale

Business description

To Get the Full Story on This Offering, Please Read the Attached PDF File Below. This covers EVERYTHING! Since 1974, Full Service Niche Medium and Heavy Duty Fleet Truck Repair Shop; Welding, Crane Sales and Repair, Forklifts, etc. 22,000 Square foot Shop; the BIGGEST in Colorado for Full-Service Fleet Truck Repair. 2011 Cash Flow “WILL BE” OVER $300K on $2MM in Sales, Guaranteed! 2012 Cash Flow Over $450K on $2.5-4MM in Sales! Guaranteed! 2013 Cash Flow Over $550K on $3-4MM in Sales! Guaranteed! The seller will “Guarantee” the projections above and will tie the sales price to an earn-out!! Many Long-Standing Fleet Contracts to Service Trucks and Equipment for $500,000-$1,000,000 Trucks. Just $550K Down. The sale includes $185,000 in Current Receivables, $85,000 in Inventory and over $350,000 in trucks and Equipment. Total = $620,000 in Assets!! However, the Seller requires a win-win earn-out model that ties the future performance to future payments. If the business performs worse than projections, then he gets paid less. If the business performs better, then he will earn more. (The buyer’s interest will be directly aligned with the seller’s.) In the “sales video” (we will immediately email you), the seller states all projections and future expectations of gross sales and cash flow. Just $550,000 Down. Put down $550,000 and make over $550,000 in the next 12 months. And get $620K in Assets! The sale includes well-over $600,000 in Accounts Receivable and other Assets and Inventory. Receivables are 100% Collectable, Seller Guarantees. 39 Yr. Full Service Medium and Heavy Duty Truck Repair Shop. Our motto – “We can fix anything”. We do full truck repairs on the largest equipment and trucks made. We sell, install and repair truck cranes and lifts, repair forklifts, sell, install and service drywall texture equipment, etc. Seller’s Quote: The Seller desires to stay on for many years to some and will SELL cranes, and other technical truck applications. He is quoted to say “I am100% confident that he can get $3-4MM in additional sales in the door starting 2012 and 2013 I he just sold and no longer had to run the entire operation. That would be up to $5MM/year in gross sales and cash flow over $1.3MM easy. I will stake my entire sales price on performance going forward. I will shoulder 100% of the risk I the transaction.” The seller fully understands that the business is being sold for a sales price and terms that are well-below Market Value. He seeks to structure a fair deal that gives him a reasonable shot at a final sales price between $1.2MM to $1.8MM if the projections are met or exceeded. He is committed to make this transaction largely performance driven and seeks a win-win structure that motivates both the buyer and seller to grow the company. Please email me and I will immediately email you back the last 6 years of tax returns prepared by our 25 year CPA, Income Statements, Balance Sheets, AR and AP reports, and a 40 minute long video interview with the owner detailing the opportunity. The company is a Sole Proprietorship and the seller is open to an Asset or Stock Sale. We are not only “recession proof”, we thrive “inverse” to the economy. To be clear, we service and maintain trucks that are worth between $200,000-$500,000, and even up to $1,000,000 in value. In fact we do service and repairs on Cats, Volvos, and large trash-hauling equipment that exceed $1MM in value for large trash transfer stations. As the owner says. “the trash never stops”, so we need absolute minimal downtime on valuable and costly equipment. Most of our customers are the largest construction wholesale companies in the region. They own 30-100 delivery fleet trucks that are critical to their operations. Their trucks are the lifeblood of their entire business since they delivery and load 10’s of millions of dollars in drywall and roofing materials. Please click on the contact seller button below for further information.

Property information

Real Estate:

Lease

Location:

Denver, Colorado Facilities:To Get the Full Story on This Offering, Please Read the Attached PDF File Below. This covers EVERYTHING!Awesome Rent Deal: The shop is 22,000 Square feet of very functional shop on 5 acres of centrally-located property for just $6,500/mo. This is about 40% below market. Having a low lease for many years to come will ensure solid cash flow since this keeps your overhead low. This shop rent is easily worth $12,000/mo. This is the largest and most functional shop in the region for truck equipment install, repair and fleet maintenance. The owner has spent the last 5 full years reinvesting all profits back into the business so that today the business has “everything” needed to handle $5MM-$8MM/year in sales and service easily. This will be critical to the new owner since the seller is committed to stay on and bring in double to sales and double the billable work. The new owner will not outgrow this shop for many years to come, the seller insists.

Premises details:

The buyer needs no mechanical experience. We already have 2 seasoned shop foreman that oversee the 22,000 SF facility and run the techs. We have 1 foremen for the day shift and 1 for the evening shift. “The shop runs itself”, the seller says. The seller fully understands that the business is being sold for a sales price and terms that are well-below Market Value. He seeks to structure a fair deal that gives him a reasonable shot at a final sales price between $1.2MM to $1.8MM if the projections are met or exceeded. He is committed to make this transaction largely performance driven and seeks a win-win structure that motivates both the buyer and seller to grow the company.
Please email me and I will immediately email you back the last 6 years of tax returns prepared by our 25 year CPA, Income Statements, Balance Sheets, AR and AP reports, and a 40 minute long video interview with the owner detailing the opportunity. The company is a Sole Proprietorship and the seller is open to an Asset or Stock Sale.

We are not only “recession proof”, we thrive “inverse” to the economy. To be clear, we service and maintain trucks that are worth between $200,000-$500,000, and even up to $1,000,000 in value. In fact we do service and repairs on Cats, Volvos, and large trash-hauling equipment that exceed $1MM in value for large trash transfer stations. As the owner says. “the trash never stops”, so we need absolute minimal downtime on valuable and costly equipment. Most of our customers are the largest construction wholesale companies in the region. They own 30-100 delivery fleet trucks that are critical to their operations. Their trucks are the lifeblood of their entire business since they delivery and load 10’s of millions of dollars in drywall and roofing materials each year. These expensive trucks and equipment MUST be fully operable 365 days/year or the owner can forfeit $1,000’s/day or risk losing a valuable key customer. That is where we come in. No one in all of Colorado does what we do. This is highly specialized and technical mechanical work. “In the world of truck mechanics, we are truly brain surgeons”, the seller insists. Because we service and maintain the most expensive trucks in the U.S., we are projected to thrive in the coming years as truck fleet owners seek to extend the life of their exiting fleets instead of buying new trucks every 3-4 years like they did when the economy was solid. Today, a fleet owner seeks to “squeeze” there delivery trucks and extend the life for as long as possible. This is clearly the new trend and that is the main reason the seller is so bullish on the coming 4-6 years of performance and he wants to be part of the growth. Although this is a 100% sales of the company.

Size in square feet:

22,000 Sqaure feet

Business Operation

Expansion potential:

Market Outlook and Competition: To Get the Full Story on This Offering, Please Read the Attached PDF File Below. This covers EVERYTHING!Most mechanic shops do just general auto repair, breaks, oil changes, engine work, etc. on cars and small trucks. NOT US! In contrast we are in the most technical and expensive form of truck repair on the most valuable truck fleets that exists. We have 10 of the finest Techs and Mechanics in the region. It took years to train then and to obtain all of the advanced OSHA and DOT certifications in the business. We treat them well and they are highly-paid. We do high-end work for the highest profit margins in the industry. Our customers are NOT fee or cost sensitive. They will pay almost anything to keep their valuable fleets and equipment rolling down the road delivery construction materials. In fact, we earn 50%-60% profits (margins) on $50K-$150K equipment and cranes, that we install and service. No one in Colorado enjoys the margins that we are making. Today, ‘you get what you pay for’, and our clients will absolutely pay for the best, and not complain about price. We save them a fortune every year in what would otherwise be very costly repairs down the road, through our preventative maintenance programs. We are also in the “ounce of prevention is worth a pound of cure” business. See below.

Competition / Market:

We have new and long-standing contracts with some of the largest fleet owners to service entire fleets of these expensive and highly-technical trucks. See details below on this reoccurring (steady) revenue that the new owner will step into for many years to come. It took years to establish these highly-profitable relationships. This is the real value of our company going forward. Brief Overview and Deal Points: The buyer will get over $620,000 in assets, including $185,000 in fully collectable Accounts Receivable. We have written off less than 1% of our A/R over the past 39 years. This says everything about the quality of this A/R. We have NO debts on the balance sheet, just Payables. The buyer will also step into a solid pipeline of work-in-progress for 2011 that is already contracted with the highest gross profit margins in the industry. “2012-2013 will be awesome years”, the owner states. Please see the 40 minute video detailing exactly why the seller is so committed to the BOLD sales and cash flow targets stated above. In short, the seller is 100% bullish on his the short and long-term projections of the business. He states, “2012 through 2016 will see Explosive Growth in all forms of truck repair since truck fleet owners are electing to invest in their equipment and extend the life of existing equipment. As stated above, the seller is fully committed to put most of his sales price at risk in this prediction.

Employees:

15

Years established:

1973

Other information

Support & training:

Management Training and Support:Seller will Stay On and Sell for the New Owner - The final and most critical aspect of this offering is the following: seller has an absolute wealth of knowledge, but he just doesn’t have the energy or passion to commit to run shop today when the business needs it most. We are at a point in time when we are ready to explode in growth going forward. Post-closing, the seller is 100% committed to help the new owner take the business to the next level in sales and business development. The seller states that he has in his head a “blueprint” of exactly WHAT TO DO to get the business to $10MM/year within 3-4 years and triple the current cash flow. He just does not want to implement the expansion himself as he is no longer passionate and somewhat burnt out with doing everything. A reasonable earn-out is the perfect approach to ensure the business rockets forward, and both the buyer and seller enjoy the mutual benefit of the production over the next 4-5years. Again, the seller INSISTS that if he just spend his time selling, he can get another $3MM/year more in highly profitable work in all 5 services stated above. Seller Financing:To Get the Full Story on This Offering, Please Read the Attached PDF Fiile Below. This tells everything! The seller seeks to get another $600,000-$900,000 in additon to the down money for the business and will consider an earn-out for the additional sales price. See broker for details. We have many long-standing contracts with large fleet owners. For instance, we have exclusive contracts to service and repair trucks for 3 of the largest wholesale construction suppliers in the region. These companies relay exclusively on us to keep their fleet count of 60-100 trucks each to operate optimally. We earn $18,000/month form one company on a monthly contract basis, and the others pay us for piece work. But we steadily do $25-$35K/month of work for each. In fact, we have a long-standing contract we the landlord who owns the shop that we operate from. This is a $30,000/mo. steady contract to service his large fleet of trucks. He loves us! Again, these contracts are the most profitable in the business and it provides a steady stream of predictable income year-round. In fact, we are NOT a seasonal business, we make great money every month of the year.

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