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Automotive

Heavy Truck Sales and Service Center

Iredell County, NC, USA
Updated 1 day ago
Established 2006

Listed for sale is a well-established heavy truck sales and service center directly visible on the I-40 corridor. The business is well-known throughout the region, and has had annual sales exceed $15M during the 15 years it's been in operation. The facility itself sits on over 4 acres with modern, fully-equipped facilities. With office space for sales and support staff, along with a substantial dedicated parts warehouse and a fully-equipped service center, this facility will support revenue growth to $15M and beyond. Though the owner is retiring, they are committed to ensuring a successful transition to a new owner. The seller will assist in transitioning industry relationships to ensure minimal disruption to the business.

Inventory

$125,000

Internal Id

8081989

Real Estate

$3,000,000

Inventory Included

Yes

Support & Training

The seller is willing to work on a transition timeline that will give the buyer adequate time to build industry relationships, learn service and sales processes, and to acclimate to the team around them.

Facilities & Assets

The facility itself has multiple buildings and almost 4 paved acres. The dedicated shop building is 7000sf and has 8 service bays and includes equipment to handle both heavy and light-duty trucks. The shop also has a large parts warehouse and offices for support staff. Apart from the shop is the sales office. The sales office is 2,800sf and has multiple offices for the sales and administrative staff along with a conference room, kitchen area, and 2 owner suites.

Real Estate Included

Yes

Reason for Selling

Retirement.

Financials

Asking Price
$4.5M
RevenueMost Recent Year
$4.8M
Earnings (SDE)Last Reported
$616K
Assets ValueIncluded in Asking Price
$150K
Seller Financing
Not available

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