Tow Hitch & Truck Rental Business & RE for Sale in NW Suburbs of IL

Located in NW Suburbs of Illinois (Cook County)
Sale includes: the Property, the Business, all Equipment & all Fixtures.
Purchase Price / Real Estate = $1,320,000
Purchase Price / Business = $375,000 plus inventory
Total Purchase Price / Business & Real Estate = $1,695,000 plus inventory

The owners prefer to sell the Business & Real Estate together.

The current owners started the business and acquired the property 33 years ago. They have been in business a long time and have established a reputation for providing low cost & dependable rental trucks & trailers with no hidden costs and after hour drop offs for convenience. Insurance is included in all rentals and their rates remain the same 7 days per week, unlike some of their competitors who charge more on weekends when most people tend to rent. They also repair trailer towing lights & sell/rent bicycle racks. They have 7 different size trucks with loading ramps & automatic transmissions.

In addition to selling the business, they are also selling the building & property. The annual real estate taxes are +/- $44,000 annually. The real estate taxes were recently reduced from $47,000 per year to $44,000 per year. The owners are very diligent about fighting the property taxes each year. The lot size is +/- 1.525 acres. The building is +/- 2,700 SF. It’s a 1-story commercial building with plenty of parking. They have a surveillance system which allows the owners to view the business & property online. The building is located on a VERY busy street in the Northwest Suburbs of Illinois with more than 50,000 cars driving past the front door each day! The building consists of 2 large bays with overhead doors, an office, a reception area and a storage area. The price includes 29 trucks & 12 trailers with an approximate used value of $95,400 along with miscellaneous other equipment & tools.

As with nearly any business, there are areas of opportunity to increase sales and cash flow. They don’t currently spend very much at all on advertising. This is partially because they have more than 50,000 cars driving past their front door each day and you certainly couldn’t miss the place because the business is very visible however, freshening up the website, doing some search engine optimization and sending out mailers regularly to nearby businesses & homes would help increase sales even further. Another area of opportunity would be updating the street sign to a programmable LED sign so you can change the sign anytime you want and advertise specials without climbing on a ladder. Probably the best area of opportunity would be to add a lift in the garage & offer quick oil changes. There’s a repair shop very close by however, they are not a quick oil change place, so with so many cars driving past each day, a quick oil change service would probably do pretty well. Plus, they already have the space to add this service. Another expansion possibility is to consider selling & installing tires. They certainly have plenty of room on the property to expand as well as the property having excellent visibility and very high traffic counts.

Annual Gross Sales

2016 = $ 532,313.00
2015 = $ 567,528.00
2014 = $ 656,304.00

Sellers Discretionary Earnings (Cash Flow)

2016 = $ 213,238.00
2015 = $ 242,347.00
2014 = $ 272,292.00

Reason for Selling

The owners have been in the business for many years and are considering retirement.

Note: The current owners prefer to sell the business & property together.

Asking Price/Business & Real Estate: $1,695,000 plus inventory
Gross Annual Sales (approximately): $532,313.00 (2016)
Cash Flow (approximately): $213,238.00 (2016)
Value of Trucks, Trailers & Equipment (approximately): $125,000.00
Value of Inventory (approximately): $17,000.00
Value of Real Estate (approximately): $1,320,000.00
Building, Property details (approximately): The annual real estate taxes are +/- $44,000. The lot size is +/- 1.525 acres. The building is +/- 2,700 SF. It’s a 1-story commercial building with plenty of parking. The building is located on a VERY busy street in the Northwest Suburbs of Illinois with more than 50,000 cars driving past the front door each day!
Seller Financing: Owners will consider a small amount of financing with qualified & experienced buyer/operators.
Contact: Tony, This email address is being protected from spambots. You need JavaScript enabled to view it., Advantage Business Acquisitions, Inc. 847-722-1877

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