Truck Parts & Equipment Company #64827

The Company is primarily engaged in the selling of heavy trucking parts and providing relayed, parts service and installation services. The Company supplies OEM replacement parts for all of the major manufacturers including freightliner, international, Kenworth, Mack, Peterbilt, Sterling, Volvo and Western Star. The Company also has a machine shop where it is able to make custom bolts and parts, resurface parts and equipment, and reline brake shoes. The owner is an absentee and works Location: Texas Year Established: 1978 Number of Employees: 13 Real Estate: Leased Building Sq. Ft.: 23,000 Rent: $5,000.00 Per Month Facilities: The Company operates from a 23,000 square foot facility that is Company-owned. Market Outlook/ Competition: INVESTMENT APPEAL • Rising Gross Profit Trend - The Company’s gross profit margin increased over the historical period from 49.2% of sales in 2018 to 51.2% of sales in 2020, and is expected to increase over the pro forma period. • Facilities Will Support Pro Forma Growth - The Company’s facilities and resources are not currently at capacity, so future growth will be supported by the current assets and facilities on hand. • Strong Supplier Relationships - The Company has long-term relationships with its vendor base. The Company has multiple vendors for each of the materials it utilizes in order to reduce the risk of losing a single supplier. • Strong Net Working Capital - As of December 31, 2020, the Company’s unadjusted current assets were approximately $640,000 and current liabilities were $52,000. The Company’s unadjusted current ratio was 12.31. Growth & Expansion: *Hire Additional Employees *Develop Sales/Marketing *Geographic Expansion