Businesses For Sale: Heavy Truck and Construction Equipment Repair

[Premier Business Businesses for Sale Broker]

[Businesses for Sale]

EXECUTIVE SUMMARY
PBG Reference No.: S504
Heavy Truck and Construction Equipment Repair

We are pleased to present this business opportunity for your review. Premier Business Group, Ltd. is one of the leading business brokerage firms in the Midwest. We specialize in representing manufacturing, distribution and service companies in the divestiture process. The Seller pays our fees; there is no monetary obligation to prospective purchasers. Premiers' expertise includes assisting in structuring the transaction and financing. We encourage you to make an appointment with the broker listed on this offering to discuss your needs, to obtain further information regarding the company you are inquiring about, and to receive information on other companies that may be of interest.

Since 1996 this company has been building a solid reputation in the trucking repair industry. The company’s top priority is offering fast, honest, professional service, while maintaining the highest standards in the industry. The service center is committed to using up-to-date equipment and technology which enables them to provide a fast and accurate turn around for their customers. Technicians at this facility receive the most extensive training available!

With the ability to work on any make or model, this truck repair service center is able to provide bumper to bumper repairs on tractor trailers, straight trucks, pickup trucks, dump trucks, and construction equipment. They service I.D.O.T. vehicles as well. Two fully equipped service trucks handle “on the road breakdowns,” and service calls to other facilities. When needed, they arrange towing; however the majority of the repairs can be handled roadside.

Trained technicians perform high-quality diagnostic and repair services both roadside and at the center. The facility stocks an extensive inventory of parts including NAPA parts and provides routine maintenance for a variety of trucks and construction equipment. These parts are available for purchase to the repair customer and the general public.

This company is poised for growth: strategically positioned near major highways and the new I -355 extensions which was completed in November 2007. The new road includes six interchanges, including I-55, 127th Street, 143rd Street/Archer Avenue, 159th Street, U.S. Route 6 and I-80. An intermodal hub is located within 10 miles which includes a 1,100 acre industrial park. This area is directly adjacent to the BNSF Logistics Park. More than 12 million square feet of direct rail-served industrial buildings are being developed for use for distribution, warehouses, and light manufacturing uses. This will provide a steady stream of trucks passing through the area.

A new owner with a diverse marketing plan will be able to quickly move this company to the next level.

FINANCIAL HIGHLIGHTS

2009 2008 2007 2006

SALES $   929,357 $1,093,826 $1,052,801 $1,145,073

EBITDAS*
(Adjusted Net) $   192,745 $   214,498 $   150,166 $   196,981

* Earnings before Interest, Taxes, Depreciation, Amortization, and Owners Salary.

DEAL STRUCTURE

$520,000
Real Estate is not available

Equipment $285,515
Current Value

Inventory $  70,000

Accounts Receivable $138,356

Total $455,871

Liabilities
Accounts Payable $73,533
$25,000 Net Receivables after Payables

Inventory-Owner states there is a substantial amount of inventory (nuts, bolts, tools) not reflected on the books.

Included in the purchase price will be net working capital. (Net Working Capital will be defined as Accounts Receivable and Inventory less Accounts Payable).

All furniture, fixtures and equipment, computer hardware, software and supplies will be included in the sale. The seller’s personal items and vehicles will be excluded. The assets of the business are to be sold free and clear of all claims, debts, liens, or other liabilities, with the buyer receiving a good and marketable title.
At closing, should the net working capital differ from the agreed upon amount, there will be a corresponding adjustment in the purchase price.

INFORMATION SUMMARY

Location: Southwest Chicago Suburbs

Established: 1996

Ownership: “S” Corp

Facilities:
8650 sq.ft.Total Facility
6000 sq.ft. Repair Area (5 bays)
900 sq. ft. parts area
750 sq. ft. kitchen, reception area.
1000 sq. ft. changing area, Lunch area
Storage Yard

Rent:$3,500 “Monthly Gross”

Employees: 4 non-union

Hours of Operation:
M-F 8:00 – 4:30
Sat 8:00 - Noon

Reason For Sale: Retirement

Training: Owner will train for a smooth transition and will consult for a time.

MARKETING AGENT

Premier Business Group, Ltd.
1130 Lake Cook Road, Suite 210,
Buffalo Grove, IL 60089
847/465-9000

This information is provided for discussion purposes only. No representation is made by Broker as to the accuracy of the information provided or any other information supplied. Broker encourages the Prospect to thoroughly review and independently verify to his own satisfaction that the information provided is substantially representative of the business activity.