100% Seller Financed Diesel Repair in North Central IA
Iowa
| Asking Price: | $975,000 |
| Gross Revenue: | $647,652 |
| FF&E: | $169,511 |
| Cash Flow: | $187,546 |
| Inventory: | $142,500 |
| Real Estate: | $575,000 |
Listing ID: 2256125Listing provided by BizBuySell
BUSINESS DESCRIPTION
Well Acclaimed Diesel Repair
This niche diesel repair business is well known for their ongoing expertise and speedy service. This is especially crucial during specific seasons, such as planting and harvest, when timeliness is of the utmost importance to customers.
Due to their stellar reputation, this business has a substantial base of repeat customers and gets new customers every week! Additionally, they are a fully authorized service dealer of 6 Major Vendors.
The owner is willing to continue as an employee to facilitate customer and vendor relationships, and to leverage his expertise for new employee training.
DETAILED INFORMATION
Location
Iowa
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Employees
1
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Facilities: Special use for this business
Competition
There are relatively few competitors in the 5 state trade region, with significant miles between them. Customers typically seek inspections and repairs promptly. Proximity to is a key competitive advantage for customer service and convenience.
While parts are offered directly to end users from online businesses, they do not offer the professional services, including diagnostics and installation, that customers often need.
Growth & Expansion
Current owners have not focused on growing the team. There is an opportunity for a new owner to expand the business by developing a hiring strategy, such as establishing internship or apprenticeship programs/offering on the job training.
Historical business performance has been achieved with minimal local advertising. Expanded advertising would be expected to generate increased revenues.
Financing
Owner Financing Amount $975,000.00 Owner Financing Interest 9.5% Owner Financing Term
Support & Training
# of Weeks Seller Will Offer Training: 6
Reason for Selling
Retirement
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