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Want to sell Customer Base
31-10-2007, 04:15 AM
#1
Hello all...
I need advice on a business issue. I own an equipment repair business (forklifts) that I started 10 years ago. We have employed up to 4 technicians at times- but as of 6 months ago we have downsized to my myself and my wife. Much simpler and less stressful- given the lack of manpower available in our area. The economy is very strong in our area- and housing, commercial buildings, etc. are all doing well.
We are an independant (not a dealership) and specialize in repairs. I have strong relationships built with my customer base and am respected by my customers and competitors for my ability and integrity. My labor rates are within 5% of the dealerships. Gross sales this year should be about $250,000 with just me as the tech- last year was about $500,000 with a full crew. Now the delimma.
My wife and I want to relocate and to restart our business in a new location. This would give us access to wonderful boating (our passion) and it is near a lot of industry and a more available workforce. We would like to complete this in the next 3- 6 months and could use any cash value that our current business has. I can not openly offer our business for sale- this would jeaprodize our customer base. My competitors would use this against me I am sure. Being the sole talent and with no building available I have really no tangible thing to offer. However- I have enough repair work and scheduled maintenance available to keep 3 mechanics busy. I have all the contact info, payment history, machine model and S/N's, etc..
Is there a way to offer this to a local dealership without worrying about my plans getting out? I am hesitant to run an add in nearby cities for fear of being recognized. Seems to me a repair company could provide a mechanic to ride with me for a couple of months to transition into my place when we leave. It would be a shame to let a viable business evaporate. Any ideas would be appreciated.
Steve
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