Description

Business was established in the early 1900's . Current owner became involved in 1986 with a partner and they established a Corporation (C-Corp) in 1993. Current owner now owns 100% of the Company. The activity of the business involves repair & replacement of light & heavy duty truck suspensions & brakes. About 80% of the business is large trucks, 15% is small trucks and 5% is automobiles. The facility includes a total of 17,000 square feet of leased space with 24 bays and 20 foot-high doors capable of accommodating 65 foot-long vehicles. The facility has a blacksmith department. An over-the-counter parts department is also in place for sales and service to the general public. Rent is $4,500 per month, triple net ($54,000 per year). Real estate taxes average $2,625 per month ($31,500 per year.) in addition to the rent. Landlord is an estate administered by an executor. A complete complement of equipment conservatively valued at $100,000 is included in the price of $500,000 along with an inventory value of current items at cost basis of $100,000. Additional inventory of $90,000 currently on hand will be subject to negotiation. Owner cash flow has averaged $138,000 over the last five years and $144,000 over the last three years, remarkably consistent during a recessionary period.

Financial Summary

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