Business Summary:
This distressed business is seeking a suitor. Everything went wrong during the recent recession and they can’t recover without a partner with serious cash. A 50-year old truck and heavy equipment parts company with an excellent reputation for customer service needs to get out from under about $300k of debt and tax liabilities to operate unencumbered. The mortgage on the building is in default and the bank will settle for about a third of the outstanding debt in a short sale. This is a perfect situation for the right investor who understands how to bring all the parties to the table, get them to compromise, and walk away with a viable parts company with a specialty niche.
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| Year
Business was Established: 50 |
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| Number of Employees:
4 |
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| Facilities / Terms of Lease:
Standalone building with 5,700 sq. ft. of floor space with a 242 sq. ft. garage and a 3,390 sq. ft. basement. Parking on the street and in back of the building. |
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| Potential
Growth/Expansion:
Expansion into internet sales and other new markets including machine parts would impact revenues. |
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| Competition:
Extremely limited for this market niche |
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| Owner
willing to finance:
TBD |
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| Owner
willing to train:
TBD |
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| Reason for selling:
Financial Reasons |
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