Heavy Truck/Trailer Repair & Transportation Services (Ohio)

OH

Heavy Truck/Trailer Repair & Transportation Services (Ohio)
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Asking Price: N/A

Cash Flow: $2,013,948

Gross Revenue: $5,526,998

EBITDA: N/A

FF&E: $4,636,407

Inventory: $524,963

Established: 1976

Heavy Truck/Trailer Repair & Transportation Services (Ohio)

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Business Description

Extremely Profitable Heavy Truck/Trailer Repair and Transportation Services Business

For over 4 decades, this well-established, successful and family owned operation has been providing outstanding service with exceptional products for its loyal customer base. From humble beginnings operating out of the family garage, the business has grown into a well-regarded regionally and nationally known Heavy Truck/Trailer Repair and Transportation Services company offering a full menu of diversified, yet highly complementary services, including:

· Heavy Truck/Trailer Repair and Maintenance

· Specialized Custom-Built Coaches/Trailers, including Mobile Medical Trailers

· Complete Interior and Exterior Reconditioning of Mobile Medical Trailers

· Heavy Equipment Refurbishment/Re-Sale, specializing in Grinder Products

· Mobile Service and Repair (with 24 Hour Emergency Medical Service Offerings)

· Professional Drivers & Tractors to safely transport equipment to the lower 48 states

. Non-standard Specialty Repairs & Fabrication Work (no job is too complex)

Latest Service Offering: This business has qualified to join the Amazon Relay Delivery Team transporting weekly shipments to local and regional distribution points.

The founding guiding principle of the company – Professional Expertise and Outstanding Service – has now become an established hallmark and sustainable competitive advantage. This core value was established in the early years when the business offered mobile services and operated out of the family garage. By offering “service that competitors couldn’t or wouldn’t”, the business generated a loyal customer base which led to the need to invest in a small repair facility. After more growth, another relocation and now several facility expansions, the business is housed in a 24,800 sq. ft. main facility which includes business office, inventory warehouse, repair shop, down-draft heavy truck paint booth and exterior sales display.

This business has been in growth mode for many years, is constantly evolving in service offerings and solidly profitable … but is well positioned and poised for additional growth. With major capital investment already in hand, products and services in demand, a loyal customer base, strong brand equity and a professional, motivated team in place, all that is missing is a motivated ownership team ready to capitalize on the already established momentum and exploit the high margin, steady demand and profitable transportation services landscape.

Detailed Information

Inventory:
Included in asking price
Employees:
25 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business operates in two locations. The main site includes a business office, inventory & equipment storage, sales display, repair and manufacturing shop and heavy truck paint booth. There is 24,800 square feet under roof on a land plot covering 10 acres. The present shop features 14 extra sized work bays in addition to the over-sized downdraft paint booth bay. The satellite site includes a sales office, small shop and larger repair facility covering 6,048 square feet on 4 acres. Both sites are available for lease at $14,000/month (Main) and $2,000/month (Satellite) on triple net terms. Both leases expire on December 31, 2023 and are available with renewal options.
Competition:
The competitive density of this business is somewhat mitigated by the long tenure of the customer service and professional expertise provided to a repeat, loyal, and referral customer base. There is also a wide disparity of competitive pressure depending on the business segments with medical re-build/transport being more specialized and having a more limited competitive presence versus heavy truck repair being broader with more competition. The capital-intensive nature of this business model (equipment, tools, facility) does provide an entry barrier. That heavy investment coupled with an ideal location, professional staffing, excellent facility and successful track record help to ease competitive pressures. Ground transportation demand for moving cargo (and the medical units) remains steady and the margin outlook remains very healthy for the repair, maintenance, reconditioning, and out-fitment of these business tools.
Growth & Expansion:
One of the most promising aspects of this offer is the growth opportunities that await the new ownership: 1. The addition of a second shop shift and/or expansion of Saturday service to full day hours. Presently, there is a full 8-hour/ 5-day work week shift fully employed. The physical open capacity is already in place – a key enabler would be recruiting quality personnel to fill a second shift. 2. The introduction of an aggressive sales and marketing staff in concert with the marketing budget necessary to drive incremental, new business. Currently, the business is absent any dedicated sales personnel to generate and serve the needs of new customers. A motivated, well compensated (based on volume and margin targets) sales force with the marketing campaign would serve well to enable #1 above. 3. Install 24-hour mobile service for all customers (currently only offering for emergency medical based customers) 4. Launch a full-scale dedicated manufacturing effort to build all-new medical transport trailers. There has been some small scale, custom med builds previously. By hiring a full-time in-house engineer, the capability exists to expand the medical offering from renovations/reconditions to all new medical trailer manufacturing. 5. Exploit the new partnership with Amazon Relay program to haul (hook/un-hook) volume local and regional package shipments to Amazon distribution centers. This opportunity is approaching $2 million-plus in incremental revenue annually.
Support & Training:
Will train for 4 weeks @ $0 cost. This business is a full service shop that specializes in fleet maintenance and repair as well as emergency road service. The technicians are qualified, experienced and specialize in complete coach reconditioning, repairs and service including collision, body damage and painting, as well as full medical trailer builds. The business also offers secure, on-site, short term or long term storage, with or without power. Technical expertise includes: Truck/Trailer Repair and Service, D.O.T. inspections, Engine and drive train work, electrical systems, under carriage and frame work, suspension, brakes and leveling systems, HVAC systems, Generators, Lift Gate and Hydraulics, Roof and Roll Doors, Sheet Metal Fabrication, Side and Rear Slide Outs, Fire Suspension Systems, Custom Layout, Design and Cabinetry, MRI, CT, PET/CT and all other types of medical equipment installation and de-installation.
Reason for Selling:
After 43 years in the business, the ownership group is ready to retire.
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Hal Feder

Business Listed By:
Hal Feder

Murphy Business & Financial Services LLC

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Sponsoring Broker:
Frank Chebalo, CBI, ABI, CMSBB, CBC

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