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Trailer, Hitch and Plow Company

Charles County, MD

Trailer, Hitch and Plow Company
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Asking Price: $324,000

Cash Flow: $216,000

Gross Revenue: $2,110,000

EBITDA: N/A

FF&E: $194,549

Inventory: $496,000*

Real Estate: N/A

Established: 1994

*not included in asking price.

Trailer, Hitch and Plow Company

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Business Description

OVERVIEW
The subject company provides trailers, snow plows, parts, accessories, installation and service to landscapers, homeowners, car dealers, and the military across Southern Maryland.

Boasting a 25-year history of continued success, year-end cash flow for 2018 is $216,181 which is a 10% increase over the prior year.

With a solid staff of 7 in place, including a General Manager and Assistant Manager, two high-level sales staff, and shop staff, the company has a solid infrastructure for growth.

PRODUCTS AND SERVICES
The company stocks hundreds of trailers from 11 manufacturers and a full line of snow plows and salt spreaders from the 3 top tier brands.

Products at a Glance:
• Trailers
• Tow Bars
• Hitches and Wiring
• Full Towing Packages • Snow Plows
• Ice Control Equipment • Spreaders
• Truck Accessories
• Winches
• Toolboxes

Services at a Glance:
• Installation and Configuration
• State Inspection
• Repairs and Service
• Financing

The asking price for the business is $324,000 plus Inventory of $496,000 (to be adjusted based on actual inventory as of closing). The business has been pre-screened for SBA-backed financing by SunTrust bank at this asking price.

Detailed Information

Location:
Charles County, MD
Inventory:
Not included in asking price
Real Estate:
Owned
Building SF:
11,000
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Business operates from a well-established 11,000 square foot facility generating repeat and walk-in business from the community. The property is available for lease or may be purchased separate from the business transaction.
Competition:
Competition is meaningful but not excessive. And, being the largest in the area, with a strategic location, the business handles competition well with an excellent reputation and local name recognition.
Growth & Expansion:
Could expand store hours, open on Sunday, and add trailer rentals as a new service. Also, could add RV sales, repairs, accessories, and installation - there is very little competition in the area and facility can accommodate RVs without additional building. Another area for expansion could be offering rollout Dumpsters to residential customers.
Support & Training:
The owners are flexible and will provide support and training as needed by the new owner. And, they have established a General Manager and Assistant Manager as the primary operators so, the transition to a new owner is expected to go smoothly.
Reason for Selling:
The owners desire to retire.
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Contact the Seller

(from currently available funds)
 
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Jeffrey Hider, CBI, CBC, CBB

Business Listed By:
Jeffrey Hider

The THOR Group LLC

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

Listing Statistics

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