Heavy Truck & Refrigeration Repair- Maine/GENEROUS SELLER FINANCING

Maine

Seller Financing Available

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Asking Price:$499,000
Gross Revenue:$1,330,000
Real Estate:$500,000
Cash Flow:$267,000
FF&E:$333,000
Established Year:1989
BUSINESS DESCRIPTION

Seller is retiring - Great Service and Reputation

**SELLER FINANCING**: The seller is willing to offer 50% financing at 4.9% interest for 10 years as he would like to retire. The buyer must be well qualified, meaning that they must demonstrate the experience and ability to run this kind of operation successfully.

With 31 years in business, this profitable company is a one-stop shop for everything that a truck needs. They service 18-wheelers, box trucks, utility trucks, service vans cherry pickers and even do body mounting such as dump bodies, box bodies, refrigerated bodies, van bodies and flat beds.

They also specialize in servicing refrigeration units for reefer trucks.

The enormous 8,000 sq ft garage can handle several tractor trailers at the same time. The facilities include their own welding shop, hydraulic shop and machine shop. All work is done in-house by a fully-staffed team of experts.

The company enjoys a sterling reputation, boasting 4.8 stars on Google. Many of the customers who came to them when they opened 31 years ago are still with them!

***CONFIDENTIAL LISTING - NOT IN AUGUSTA, BUT ELSEWHERE IN MAINE***


DETAILED INFORMATION
Location
Maine
Inventory
Not Included in asking price
Real Estate
Owned
Building SF
8,000
Employees
12
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
8,000 sq ft garage / shop area. Several lifts, very high doors, able to accommodate complete tractor trailers. Full welding shop. Full hydraulics shop. Full machine shop. Lots of land for additional parking or working on trucks in good weather.
Growth & Expansion
The sellers turn away business for lack of capacity. Consider expanding the facility and adding mechanics to capture that business.
Financing
50% of the total $1.332M asking price @ 4.9%, 10 years.
Support & Training
Seller will stay on for negotiated period of time so that the buyer can learn the operation, customers, employees and suppliers. With this much seller financing, the seller is *very* motivated to see the new owner succeed.
Reason for Selling
Retirement
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Charlie
MacPherson
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Charlie MacPherson