DFW B2B Commercial Vehicle Maintenance Repair SOLD 19900 *** SOLD ***
The business is a well-established mobile (on-site) and shop-based maintenance and repair company of commercial fleet vehicles (5 to 35 trucks), primarily medium and heavy duty trucks in the Dallas Fort Worth, Texas market. Maintenance services include oil changes, filter replacement, clutch adjustments, fluid checks, lubrication, charging, lighting and electrical system inspections, brake inspections, air brake adjustments, transmission services, and inspections to keep vehicles in compliance with federal regulations. Corrective maintenance includes batteries, cooling, starting, electrical, charging and lighting system repairs, air and hydraulic brake repair, clutch replacement, minor engine repair and more. Services are provided in a full service shop and on-site at the customer’s facility, providing convenience and reducing equipment downtime. Services are provided by experienced technicians utilizing fully equipped mobile repair vans.
SOLD !! We can sell YOUR B2B Commercial Vehicle Maintenance Repair Business, too !
Thank you for representing me on the successful sale of my company. I could not have been more pleased with overall valuation and sale process. Your explanation of the process and what to expect was informative and helpful. Everything was handled confidentially, with great care, service and professionalism. Your persistence following up with those interested buyers certainly made a difference and brought the sale process to a successful conclusion. Thank you again and please let me know if I can be of service to you or your company in the future.
Steve Israel, President, Advanced Maintenance of Texas
The business is centrally located in DFW and the local market is one of the largest trucking and truck parts trade areas in North Texas. The hands-on owner operator works full-time in the business. The seller states that the business has excellent books & records and can prove all sales & expenses. The owner has successfully built a profitable business in an outstanding, well-equipment location. The owner has successfully built a profitable business in an outstanding, well-equipment location. The business has an EXCEPTIONAL highly qualified, industry-trained, 30-year highly experienced Operations Manager. You DO NOT NEED TO BE A MECHANIC to operate this business; the owner had no significant mechanical background but had leadership, management and business skills. The Seller and Franchisor are willing provide and arrange training and support. However, the owner’s family health situation has changed, and the business requires a new owner to continue the growth and profitability.
Freight is moved with large vehicles including vans, bobtail trucks and larger equipment. The DFW metro area is growing at an estimated rate of 400 people/day creating an ever-growing demand for goods and services. Both short and long distance hauling trucks require regular maintenance and repairs. This business provides preventative maintenance and inspections resulting in lower operating costs for fleet operators. The business is also recession-resistant as, during recessionary periods, fleet operators delay purchasing new trucks and spend more money on repairs.
The business has EXCELLENT CLEAN BOOKS & RECORDS. The company is a profitable business with rapid growth potential. The broad customer is typically fleet management companies, distributors, freight companies and leasing companies. The top 5 customers are 1) fleet management company, accounting for ~19% of revenue, 2) parts distributor, 17%, 3) freight company 13%, 4) fleet management company, 11% and 5) non-profit, 11%. The top 10 customers account for ~86% of revenue. The business has approximately 100 customers. Although there have been some issues, customers are happy with the service and committed to using the company.
A new, energetic owner can further increase sales & profits in many ways such as: 1) hands-on owner operation, 2) adding experienced, professional service techs, 3) adding service vehicles, 4) scaling business model throughout the DFW market, 6) marketing to fleet accounts.
Facilities: The business occupies approximately 5,000+/- SF in an industrial area located near major thoroughfares. The layout consists of a large open work area with two 14’ overhead doors, approximately 500 SF office space and restrooms. Seller believes that landlord is willing to offer a long-term lease and options to a qualified purchaser. Lease transfer/assignment fee is estimated at $0 (will be confirmed by the landlord) and is the responsibility of the Purchaser.
Competition: The North Texas truck maintenance market is very competitive but highly fragmented, with no dominant local, regional or national service provider. Service providers include 1) dealers or distributors for original equipment manufacturers; which are principally engaged in the retail sale of trucks, equipment, parts and service, 2) independently owned and operated fixed-site garages, a few with an on-site mobile repair focus, and 3) single truck/van mobile repair entities.
In Dallas/Fort Worth, there are many fixed site repair facilities. In addition to in-shop repairs, many of these facilities provide mobile on-site repair and emergency roadside assistance. Providing these services is generally necessary to maintain and service their customer’s fleets. As such, most shops have a unit dedicated to providing these services. However, for most fixed site shops, the focus is on minor repairs and eliminating truck downtime until the truck is scheduled for in-shop maintenance and corrective repairs.
Despite the presence of well-established competitors, the owner feels that they have a demonstrated superior business model, 30-year highly experienced Operations Manager, franchisor support, excellent fixed facility and well-equipped mobile service vans.
Growth & Expansion: The seller has used 1) direct marketing to local, regional and national fleet account manager, 2) honest and responsive service and 3) referrals to build the business. A new, energetic owner can further increase sales & profits in many ways including: 1) hands-on owner operation, 2) adding experienced, professional service techs, 3) adding service vehicles, 4) developing reliable method to manage on-shift and after-hours emergency service, 5) scaling business model throughout the DFW market, 6) marketing to fleet accounts
Support & Training: Seller will train buyer for 2 weeks included with the purchase price. Seller is willing to provide additional training for $1,250/wk if desired by a purchaser. YOU DO NOT NEED TO BE A MECHANIC TO OPERATE THIS BUSINESS; THE OWNER HAD NO SIGNIFICANT MECHANICAL BACKGROUND BUT HAD LEADERSHIP, MANAGEMENT AND BUSINESS SKILLS. The Franchisor and Seller are willing provide and arrange training and support. Additionally, the business has an EXCEPTIONAL highly qualified, industry-trained, 30-year highly experienced Operations Manager.
Reason for Selling: Health
SELLER PREFERS TO SELL FOR ALL-CASH. Seller Financing is subject to Seller’s Approval, in Seller’s SOLE discretion and responsibility, of the Purchaser’s financials, Credit-worthiness and suitability as the Purchaser. All financing is to be personally guaranteed. The assets include inventory at cost of $6,500, Accounts Receivable of $20,000 and FFE (Furniture, Fixtures and Equipment) used value at $75,000. The purchaser will need to assume accounts payable of $10,000. The price will be adjusted for actual inventory, work in process, accounts receivables and accounts payable as of the sale date.
NOTE: The sale of a business is confidential and discreet; PLEASE DO NOT VISIT THE BUSINESS OR SPEAK WITH ANY EMPLOYEES.
We know about many businesses that are for sale but might not be advertised. Check out www.adamnoble.com for more information and consider registering your criteria as a purchaser.
For information, reference DFW B2B Commercial Vehicle Maintenance Repair for Sale 19900 and contact Jeff Adam, PE, MCBC, FRC, CBB at Adam Noble Group, LLC
Phone: (817) 467-2161
www.adamnoble.com
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During 3 decades of M&A service, Jeff Adam has successfully completed the sale of over 825 businesses and advised or completed 1,000’s of business valuations and exit plans. An entrepreneur in his own right, Jeff has started and grown 12 companies in fields including international finance, B2B services, business valuation, construction, screen printing, Mergers & Acquisitions, engineering, and manufacturing. Jeff has donated his time as a distinguished speaker at numerous national & international conferences since 1977 covering topics such as environmental services, engineering, media, craft breweries, exit planning, business valuation, charitable giving, management, business brokerage and M&A fields.
Jeff is President of Adam Noble Group, LLC, a national M&A Advisory firm, professionally valuing and confidentially selling profitable businesses owned by exit-motivated business owners to qualified strategic, corporate, private equity, partners, management, and first-time buyers. Jeff establishes rapport, builds trust, and educates business owners in the steps to meet their goals as they prepare and achieve the discreet, confidential exit of their business. Jeff exclusively represents sellers of $1M-50M value enterprises and endeavors to transfer their businesses to qualified, capable acquirers who will build upon the seller’s vision, goals, culture, and history. Jeff maintains lifelong repeat and referral relationships with sellers, their acquirers, and service providers.
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