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Established Utility Truck Related Service Business

Location  California,United States
Asking Price Range  $250K - $500K
Gross Revenues  $228205
Net Profit / Cash Flow  $114189
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1988
Number of Employees  1 - 3
Inventory  130000
Relocatable  Not Disclosed
Number of Employees  1 - 3
Real Estate  Owned
Training  4 Weeks at 30 hrs/wk
Reason for Sale  Personal

This established work truck related service business presents the working owner, who's not afraid to get his hands dirty, the ideal opportunity to earn a fantastic living while working outdoors and helping nearby residents. The 25 year old business has 2 heavy duty work trucks and additional equipment that is worth an estimated $130,000 alone, with only 1 currently being used. The seller is potentially willing to finance a portion of the business sale for a qualified credit worthy buyer with $200,000 down, and the balance secured with the business assets and assets outside of the company. Asking Price $295,000 This sale includes 2 heavy duty work trucks and equipment worth an estimated $130,000, plus a highly unique third vehicle that may be a collector's item. The business is operated from vacant land and a 24 foot x 30 foot open garage structure with an adjacent work shed. This pristine piece of land has architect plans for a 3 bedroom home, and a geology report completed. It is in the permitting process. The land may be sold along with the business for $485,000. Otherwise, it may be leased back to a buyer for $1,000 per month on a 12 month lease. Competition exists but is noted to be relatively low as this firm charges more than its competitors yet has no shortage of work. When the company has had a full or part time driver, its revenues and resultant profits have historically been much higher. As the current owner does not externally advertise or promote the business; but rather, relies on referrals, there are several ways that new management may wish to expand. Since the business has two vehicles, but only 1 working owner/driver, management will seek to hire at least one additional driver to free up time to market and promote its services. With the two trucks as many as 2-3 additional drivers could be hired to work more than simply 1 shift per day, 5 days per week, so their utilization will increase.

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