DFW B2B Franchise Commercial Vehicle Maintenance Repair 19900

Dallas, TX (Dallas County)

Seller Financing Available
DFW B2B Franchise Commercial Vehicle Maintenance Repair 19900
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Asking Price: $125,000

Cash Flow: $122,723

Gross Revenue: $497,321

EBITDA: $122,723

FF&E: $75,000

Inventory: $6,500

Rent: $2,850 /Month

Established: 2017

DFW B2B Franchise Commercial Vehicle Maintenance Repair 19900

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Business Description

You do NOT need to be a mechanic - Scalable, many growth opportunities

The business is a well-established franchise mobile (on-site) and shop-based maintenance and repair company of commercial fleet vehicles (5 to 35 trucks), primarily medium and heavy duty trucks in the Dallas Fort Worth, Texas market. Maintenance services include oil changes, filter replacement, clutch adjustments, fluid checks, lubrication, charging, lighting and electrical system inspections, brake inspections, air brake adjustments, transmission services, and inspections to keep vehicles in compliance with federal regulations. Corrective maintenance includes batteries, cooling, starting, electrical, charging and lighting system repairs, air and hydraulic brake repair, clutch replacement, minor engine repair and more. Services are provided in a full service shop and on-site at the customer’s facility, providing convenience and reducing equipment downtime. Services are provided by experienced technicians utilizing fully equipped mobile repair vans.
The business is centrally located in DFW and the local market is one of the largest trucking and truck parts trade areas in North Texas. The hands-on owner operator works full-time in the business. The seller states that the business has excellent books & records and can prove all sales & expenses. The owner has successfully built a profitable business in an outstanding, well-equipment location. The business has an EXCEPTIONAL highly qualified, industry-trained, 30-year highly experienced Operations Manager. YOU DO NOT NEED TO BE A MECHANIC TO OPERATE THIS BUSINESS; THE OWNER HAD NO SIGNIFICANT MECHANICAL BACKGROUND BUT HAD LEADERSHIP, MANAGEMENT AND BUSINESS SKILLS. The Seller and Franchisor are willing provide and arrange training and support. However, the owner’s family health situation has changed, and the business requires a new owner to continue the growth and profitability.
Freight is moved with large vehicles including vans, bobtail trucks and larger equipment. The DFW metro area is growing at an estimated rate of 400 people/day creating an ever-growing demand for goods and services. Both short and long distance hauling trucks require regular maintenance and repairs. This business provides preventative maintenance and inspections resulting in lower operating costs for fleet operators. The business is also recession-resistant as, during recessionary periods, fleet operators delay purchasing new trucks and spend more money on repairs.
The company is a profitable business with rapid growth potential. The broad customer is typically fleet management companies, distributors, freight companies and leasing companies. The top 5 customers are 1) fleet management company, accounting for ~19% of revenue, 2) parts distributor, 17%, 3) freight company 13%, 4) fleet management company, 11% and 5) non-profit, 11%. The top 10 customers account for ~86% of revenue. The business has approximately 100 customers. Although there have been some issues, customers are happy with the service and committed to using the company.
A new, energetic owner can further increase sales & profits in many ways such as: 1) hands-on owner operation, 2) adding experienced, professional service techs, 3) adding service vehicles, 4) scaling business model throughout the DFW market, 6) marketing to fleet accounts
The asking price for the assets of the business is $125,000 ALL CASH or $150,000 with $75,000 down and $75,000 seller financing to a purchaser qualified/approved by the Seller. Seller prefers to sell for ALL-CASH. All financing is to be personally guaranteed. The assets include inventory at cost of $6,500, Accounts Receivable of $20,000 and FFE (Furniture, Fixtures and Equipment) used value at $75,000. The purchaser is to assume $10,000 in accounts payables. The price will be adjusted for actual inventory, work in process, accounts receivables (net of accounts payables) as of the sale date. Seller Financing is subject to Seller’s Approval, in Seller’s SOLE discretion and responsibility, of the Purchaser’s financials, Credit-worthiness and suitability as the Purchaser.
NOTE: The sale of a business is confidential and discreet; PLEASE DO NOT VISIT THE BUSINESS OR SPEAK WITH ANY EMPLOYEES. We know about many businesses that are for sale but might not be advertised. Check out www.adamnoble.com for more information and consider registering your criteria as a purchaser.
KEYWORDS: truck repair fleet semitrailer OTR Volvo bobtail tractor trailer transportation reefer refrigeration diesel mechanic technician specialist eighteen-wheeler freighter rig hydraulic preventative caterpillar Isuzu Kenworth

Attached Documents


Detailed Information

Location:
Dallas, TX
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
7/31/2021
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business occupies approximately 5,000+/- SF in an industrial area located near major thoroughfares. The current lease expires approximately July 31, 2020 with a 2 year renewal option plus a 5 year renewal option. The lease rate is $2,850 per month plus $550/mo for building taxes/insurance. Security deposit is approximately $0. The layout consists of a large open work area with two 14’ overhead doors, approximately 500 SF office space and restrooms. Seller believes that landlord is willing to offer a long-term lease and options to a qualified purchaser. Lease transfer/assignment fee is estimated at $0 (will be confirmed by the landlord) and is the responsibility of the Purchaser.
Competition:
The North Texas truck maintenance market is very competitive but highly fragmented, with no dominant local, regional or national service provider. Service providers include 1) dealers or distributors for original equipment manufacturers; which are principally engaged in the retail sale of trucks, equipment, parts and service, 2) independently owned and operated fixed-site garages, a few with an on-site mobile repair focus, and 3) single truck/van mobile repair entities. In Dallas/Fort Worth, there are many fixed site repair facilities. In addition to in-shop repairs, many of these facilities provide mobile on-site repair and emergency roadside assistance. Providing these services is generally necessary to maintain and service their customer’s fleets. As such, most shops have a unit dedicated to providing these services. However, for most fixed site shops, the focus is on minor repairs and eliminating truck downtime until the truck is scheduled for in-shop maintenance and corrective repairs. Despite the presence of well-established competitors, the owner feels that they have a demonstrated superior business model, 30-year highly experienced Operations Manager, franchisor support, excellent fixed facility and well-equipped mobile service vans.
Growth & Expansion:
The seller has used 1) direct marketing to local, regional and national fleet account manager, 2) honest and responsive service and 3) referrals to build the business. A new, energetic owner can further increase sales & profits in many ways including: 1) hands-on owner operation, 2) adding experienced, professional service techs, 3) adding service vehicles, 4) developing reliable method to manage on-shift and after-hours emergency service, 5) scaling business model throughout the DFW market, 6) marketing to fleet accounts
Financing:
Price 125k ALL CASH or 150k with $75k dn and seller financing
Support & Training:
Seller will train buyer for 2 weeks included with the purchase price. Seller is willing to provide additional training for $1,250/wk if desired by a purchaser. YOU DO NOT NEED TO BE A MECHANIC TO OPERATE THIS BUSINESS; THE OWNER HAD NO SIGNIFICANT MECHANICAL BACKGROUND BUT HAD LEADERSHIP, MANAGEMENT AND BUSINESS SKILLS. The Franchisor and Seller are willing provide and arrange training and support. Additionally, the business has an EXCEPTIONAL highly qualified, industry-trained, 30-year highly experienced Operations Manager.
Reason for Selling:
Health
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Buyer AdamNobleGroup

Business Listed By:
Buyer - Adam Noble Group

Adam Noble Group

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Sponsoring Broker:
Jeff Adam

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