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Below asset value Sale - Seller Financing Available:
Located in the Upstate of South Carolina, the owners are aging and need to exit the business for health reasons. Business had a down turn in 2020 due to Covid affecting their clients businesses, but have had highly successful years in the past. Numbers shown are for 2021 and assume the buyer works in the business full time. A manager and full staff are in place and running the business.
This long established company specializes in preventive maintenance and service and repair for material handling equipment, heavy equipment, semi-trucks, emergency vehicles, buses and motor-homes. The company also offers repair services for all automobile makes and models. They have an extensive client base.
Approximately 65% of revenue is derived from forklifts and material handling equipment repair with another 10% in large truck repair, and 25% in all other vehicles.
Their decades of service to the area has cultivated many long-term and exclusive relationships with the business community, city and county government and a major South Carolina University. Can be run absentee or owner managed. The current owners are not in the day-to-day operations.
All inventory, FFE and Real Estate and a smooth transition Included in sale. All reasonable offers will be considered.
For more information, please contact broker. An NDA and Buyer Profile will be requested.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.