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BUSINESS FOR SALE - PROFILE #  05221645

Heavy Duty Truck Suspension & Brake Service
Southern Connecticut

Asking Price: $500,000   Down Payment: $500,000  
Gross Revenue: $728,484   Adj. Cash Flow*: $158,244  
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Executive Summary
Business established in the early 1900's.  Current owner became involved in 1986 with a partner and they incorporated as a C-Corp in 1993. Current owner now owns 100% of the Company. The activity of the business involves repair and replacement of light and heavy duty truck suspensions and brakes. About 80% of sales is large trucks, 15% is small trucks and 5% is automobiles. There also on premises is a sales counter where parts are sold to the general public. The facilty includes a total of 17,000 sq. ft. of leased space in 24 bays with 20 foot-high doors capable of accommodating 65 foot-long vehicles. Rent is $4,500 per month triple net ($54,000 per year). Real estate taxes are about $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 with a very conservative value of $100,000 is included in the price of $500,000 along with an inventory value of current items at cost 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 in spite of the general recession during these periods.

Acquisition Highlights

  • Training Information:  4 weeks
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 1925 Inventory: $100,000 Included
Employees: 4 FT, 4 PT Furniture, Fixtures & Equipment: $100,000 Included
Lease/Rent: $4,500 Real Estate:
Building Sq Ft: 17,000
    Total Assets Included in Sale: $200,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Bob Capozzi
Phone:  (203) 878-0554
E-mail:  venture.grp.prtnrs@snet.net
VR Business Brokers - Milford, CT
99 Cherry Street
Milford, CT 06460-3455
The above company and/or agent is a licensed real estate broker/and or a business broker.
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