Profitable Heavy Duty Truck Repair

Tampa, FL (Hillsborough County)

Profitable Heavy Duty Truck Repair
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Asking Price: $1,950,000

Cash Flow: $324,797

Gross Revenue: $1,739,056

EBITDA: $219,251

FF&E: $172,894

Inventory: $244,770

Real Estate: $1,450,000

Established: 1994

Profitable Heavy Duty Truck Repair

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Business Description

Available with Real Estate in an Opportunity Zone

This well-known and profitable truck repair has been in business since 1983. It caters to small, generally, construction-related truck fleets. It is located in one of the best, purpose-built facilities of its kind and is poised for growth. First, it is located in the Tampa-Bay Area where no less than $13 Billion in construction projects are scheduled to be completed by 2022. Secondly, its location in the area is privileged in that it is only 10 minutes from Tampa's Waterside Project, one of the biggest inter-city projects underway in the country, a 50 acre, 9 million-square-foot, mixed-use development to complete its first phase in 2020. To top it off, the business is located in both Enterprise and Opportunity Zones.

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Detailed Information

Location:
Tampa, FL
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
14,000
Employees:
16
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
14,000 square foot building includes approximately 1,800 square feet of administrative offices, a retail parts store comprising 1,092 sf of sales area, a 96 sf shop office, and the remaining 11,012 sf is dedicated to the repair bays and inventory storage areas. The facility is equipped with heavy electrical service of 440-220-110 voltage, 3 phase and single phase. The administrative office and retail sales areas are centrally air-conditioned.
Competition:
This business does not compete for the large truck-manufacturer service/warranty work. As a result, the competition is independents, many of whom do not have the long-term experience and large well-designed facility this company has.
Growth & Expansion:
A doubling of profitability is possible within 3 years with a business plan calling for 2 commission-based sales representatives and an internal controller overseeing customer service orders, customer credit, and inventory purchasing/controls.
Support & Training:
30 days transition provided from Seller at no cost. If longer desired, Seller will be paid for his time.
Reason for Selling:
Cash out and enjoy retirement.
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Boyce Abernathy

Business Listed By:
Boyce Abernathy

Berkshire Hathaway HomeServices Florida Properties Group Commercial

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