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CORPORATIONS FOR SALE
THE REED GROUP, INC. |
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Truck, Equipment Distributor, Sales, Svc., Repair |
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Location: Southeast |
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Preview #: 211 |
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SIC #: 5013-02 |
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 Download Document |
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Financial Information |
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Revenues: |
$17,402,141 |
Inventory: |
$936,206 |
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Cash Flow: |
$961,504 |
FMV/FFEV: |
TBD |
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Asking Price: |
Negotiable |
Accts. Rec. |
$2,084,703 |
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Down Payment: |
Negotiable |
Corp. Structure: |
"C" Corp. |
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Business Summary |
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Forty years in the same location. Founder and owner is in his seventies and ready for retirement. Company is a leader in all types of dump bodies, air suspensions and heavy duty parts. They stretch, shorten and/or cap frames. Brake shoes, bearings, seals, heavy duty tools. Distributor with Ox Bodies and Truck Pride. Warranties meet or beat any in the industry.
Key employees are in-place and will stay. Some have worked there for 40 years while approximately 25% have over 20 years of service. Customer base includes dealers in every state. Real estate includes thirteen acres, 30,000 square feet under roof with eleven working bays. CPA has been with him for over thirty years. Operating as a regular “C” Corporation, consequently, a stock transaction coupled with a hold harmless agreement would be preferred for tax reasons. |
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Building & Property |
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Real Estate : |
$2,600,000 |
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General Information |
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Employees: |
30 |
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Reason for Selling: |
Owners ready for retirement |
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We go to the marketplace without a price due to the structure of the transaction. Tax ramifications and real estate are considerations to be negotiated. We have a straightforward methodology without surprises and/or empty promises.
Further information will require receipt of our confidentiality agreement including financial qualifications. We will be prompt in forwarding a Confidential Business Review and answering any questions to qualified interested parties. We suggest you contact us for a conference call with the owner as soon as possible. All the numbers will be explained during a visit and verified in due diligence.
Disclaimer: This information is taken from sources provided by the owner and is not audited or warranted by TRGI. All information is subject to corrections and/or changes by the owner(s). Adjustments made to balance sheets and income statements can be verified. |
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