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Customized Truck/Equipment Sales

Greer, SC (Greenville County)

Seller Financing Available
Bowman's Truck & Equipment
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Asking Price: $450,000

Cash Flow: $128,191

Gross Revenue: $1,050,289

EBITDA: $109,464

FF&E: $200,000

Inventory: $150,000*

Real Estate: N/A

Established: 1985

*not included in asking price.

Customized Truck/Equipment Sales

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Business Description

Great business opportunity to buy/sell and customize commercial equipment. They outfit trucks with liftgates, dumps, adjust frames, tarps, hitches and installation of factory bodies. With an outstanding reputation for standing behind their products and services; customers know the vehicle they are purchasing will meet the tough requirements that they expect. All vehicles are hand selected and reconditioned to supreme condition. They offer bodies to be mounted to a truck chassis designed for a specific task. Their customers are service businesses such as commercial landscapers and heavy commercial construction firms and they will build to suit.
Since 1985 they have built a great business with a tremendous reputation and repeat sales throughout the east coast of the United States. Their value added services; truck and equipment customization and repair, presents good margins. They retain exclusive dealerships with three manufacturers of bodies and trailers, in addition to their own custom fabrication capabilities.
Great location just outside of Greer South Carolina with great visibility on heavily traveled Wade Hampton Blvd. Inventory not included in sale price. Owner will lease property (rent included in cash flow).

Detailed Information

Location:
Greer, SC
Inventory:
Not included in asking price
Real Estate:
Owned
Building SF:
3,600
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1,600 SF free standing sales office completely furnished. Separate 2,000 SF shop fully equipped. Property is maintained in excellent condition with a free standing pole sign and great visibility. Current owner will lease for $3,500 per month (included in cash flow)
Competition:
Plenty of car dealerships in the area that draws customers to this business for custom work. Great referral network with repeat sales for this established business. Little competition in the area and the improving economy provides a strong demand for custom trucks and equipment for service and construction businesses.
Growth & Expansion:
With the cost of new replacement being high, the demand is high for reconditioned custom trucks and equipment. In addition, nearby dealerships often cannot customize a truck for various needs so this business is ready to fill the gap.
Financing:
225k, 6% int, 10 year term, 3 year balloon, 2,500 monthly payment
Support & Training:
To be negotiated. Seller will remain for acceptable transition period for new owner.
Reason for Selling:
Retirement
Business Website:
http://www.bowmantrucks.com
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(from currently available funds)
 
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Dan Lemanski

Business Listed By:
Dan Lemanski

RealBiz Solutions LLC

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