Sold
Established Trailer Dealership for Sale
Business Description
Priced to sell fast!
Offered at a compelling 1.8 times earnings, this exceptional trailer dealership presents a lucrative opportunity for prospective buyers. Specializing in the sales and maintenance of a diverse range of trailers, from enclosed cargo and auto trailers to steel and aluminum utility trailers, and dump trailers, this business also provides an extensive selection of trailer parts, accessories, and towing equipment.
Financials are based on the 2023 cash basis P&L, with the listed price encompassing both the trailer and parts inventory. The price includes $450,000 worth of trailer inventory and $80,000 worth of parts inventory.
With the current owner eyeing retirement, they seek a successor to lead the business forward. The business's location is flexible, offering the option for relocation to benefit from reduced rental costs. Alternatively, the existing retail dealership property is available for rent below market value for two years or as part of the purchase. It's believed that the property's highest and best use lies in its potential for commercial redevelopment.
Key highlights of the business include its decades-long operation, boasting a customer database of over 12,000 loyal patrons, as well as a strong base of repeat business and referrals. Offering comprehensive services and serving multiple states, the business benefits from an established regional presence. A skilled team is already in place, supported by meticulous financial records and a commitment to online presence through various URLs.
As the current owner prepares to retire, this well-established trailer dealership presents a prime opportunity for growth and prosperity under new ownership.
Financials are based on the 2023 cash basis P&L, with the listed price encompassing both the trailer and parts inventory. The price includes $450,000 worth of trailer inventory and $80,000 worth of parts inventory.
With the current owner eyeing retirement, they seek a successor to lead the business forward. The business's location is flexible, offering the option for relocation to benefit from reduced rental costs. Alternatively, the existing retail dealership property is available for rent below market value for two years or as part of the purchase. It's believed that the property's highest and best use lies in its potential for commercial redevelopment.
Key highlights of the business include its decades-long operation, boasting a customer database of over 12,000 loyal patrons, as well as a strong base of repeat business and referrals. Offering comprehensive services and serving multiple states, the business benefits from an established regional presence. A skilled team is already in place, supported by meticulous financial records and a commitment to online presence through various URLs.
As the current owner prepares to retire, this well-established trailer dealership presents a prime opportunity for growth and prosperity under new ownership.
Detailed Information
- Inventory:
- Included in asking price
- Real Estate:
- Owned
- Not included in asking price
- Building SF:
- 4,000
- Employees:
- 7
- Furniture, Fixtures, & Equipment (FF&E):
- Included in asking price
- Facilities:
- The business can be moved or the real estate can be purchased.
- Growth & Expansion:
- In addition to creating an active sales and marketing campaign, enhancing the management of the service department would have a significant positive impact on service revenues. Currently, there is a lack of a CRM platform for managing billable hours and appointment scheduling. Improving the supervision of technicians would increase their efficiency. Moreover, establishing a dedicated "Parts Department" presents a promising opportunity.
- Support & Training:
- The Seller will provide proper training and an orderly turnover to help ensure a smooth transition and is willing to remain for up to 6 months to train on the product and ordering process as well as the legal documentation aspect for the sale of a trailer and to give the purchaser an overview of their customer’s expectations and needs. Purchaser needs dealer license.
- Reason for Selling:
- Semi-retirement and to spend more time with family.
- Business Website:
- https://wrightbusinessadvisors.com/
Listed By: Wayne Wright
Background information
Reference:
21932237-WW
Finance
Sales:
Undisclosed
Profits:
Undisclosed
Profit type:
Undisclosed
Price and terms
Price:
$5,300,000