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Trailer, Hitch and Plow Company

Charles County, MD

Seller Financing Available
Charles County, MD
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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*

Rent: $16,000 /Month

Established: 1994

*not included in asking price.

Trailer, Hitch and Plow Company

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Business Description

The subject company provides trailers, snow plows, parts, accessories, installation and service to landscapers, homeowners, car dealers, and the military across Charles County and the surrounding area. They operate from an 11,000 square foot facility that has been established for decades, generating repeat and walk-in business from the community.

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.

FINANCIAL and DATA

Asking: $324,000 plus inventory of $496,000

Inventory price shall be adjusted based on actual inventory as of closing.

This business has been pre-screened for SBA-backed financing by SunTrust bank at this asking price.

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

Detailed Information

Location:
Charles County, MD
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
11,000
Lease Expiration:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
They operate from an 11,000 square foot facility that has been established for decades, generating repeat and walk-in business from the community. Optionally, the building from which the company operates is also available for purchase, or may continue to be leased.
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.
Financing:
Negotiable
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 founders are 61 years old and desire to retire.
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John Burley

Business Listed By:
John Burley

Burley Consulting, LLC

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