Listing Details:

• Business Category:      Equipment S & S
• Price:                                       $975,000
• Gross Revenue:               $647,652
• SDE:                               $187,546
• Seller Financing:           $775,000
• Location:                       North Central Iowa
• FF&E:                             $169,511
• Support & Training:      6 weeks
• Reason for Selling:       Retirement
• Non Compete:               75 Miles for 3 Years
• Years Owned:               36

Business Description

This niche diesel repair business is well known for their ongoing expertise and speedy service. This is especially crucial during specific seasons, such as planting and harvest, when timeliness is of the utmost importance to customers.

Due to their stellar reputation, this business has a substantial base of repeat customers and gets new customers every week! Additionally, they are a fully authorized service dealer of 6 Major Vendors.

The owner is willing to continue as an employee to facilitate customer and vendor relationships, and to leverage his expertise for new employee training.

Business History 

• Established: The business was built in 1977.
• Ownership: The current owners have held the business for approximately 36 years.
• Adaptability: As the business has grown, changes in the composition of vehicles and equipment have led to different issues and diagnostics processes, which the business has successfully adapted to.
  
  

Competition

• There are relatively few competitors in the 5 state trade region, with significant miles between them. Customers typically seek inspections and repairs promptly. Proximity to is a key competitive advantage for customer service and convenience.
• While parts are offered directly to end users from online businesses, they do not offer the professional services, including diagnostics and installation, that customers often need.

Growth Potential

• Current owners have not focused on growing the team. There is an opportunity for a new owner to expand the business by developing a hiring strategy, such as establishing internship or apprenticeship programs/offering on the job training.
• Historical business performance has been achieved with minimal local advertising. Expanded advertising would be expected to generate increased revenues.
  

Customer Reviews

• 9 Star Rating on Google
• Reviews praise their quality of service, timeliness, and selection of parts