- Counties
- Dallas, Collin and Rockwall
- Business corridors
- Interstate 635, State Highway 78, Broadway Boulevard, Garland Road
- Typical sellers
- Manufacturing and machine shops, distributors, auto and trade companies
What sells in Garland
The city has a solid base of small manufacturers, machine shops, distributors, auto repair and trade companies, many near Interstate 635 and State Highway 78.
Buyers like companies with repeat customers and skilled workers, plus equipment that is maintained. Owners who run the shop floor personally should plan a handoff that a buyer can believe.
Equipment and the books
For equipment heavy firms, buyers may discount depreciation add backs and want a view of the maintenance spending the machines need. Our note on add backs a buyer accepts explains the logic.
Inventory also gets a look. Heavy inventory in relation to earnings can make bank financing harder, so right size it before you list.
Garland paperwork
Garland spans Dallas, Collin and Rockwall counties, so confirm which appraisal district covers your address. The property tax guide explains the January 1 rule.
If you own the building, see selling the building or staying on as landlord.
Questions a Garland buyer will ask
Buyers of shops and distributors ask about equipment age, backlog and the skills of the people who run the machines. They ask what the owner does each day and how that work would pass to someone else.
Most deals under about two million dollars are asset sales, where the buyer takes the equipment, name and goodwill, and you keep the company and its cash.
Your CPA can explain how the price gets split among equipment, inventory, a noncompete and goodwill, which changes your tax result.
Settle that split before you sign, not afterward.
Next step
Own a Garland company with about a million dollars in yearly sales or more? Request a private price range or call (214) 555-0172.