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17699 - Classic Car Sales & Restoration Shop For Sale

Phoenix Metro, Arizona, US
Asking Price:
$4,500,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$3,200,000
Cash Flow:
$1,250,000

Operating from our headquarters in Arizona, we purchase, restore and sell classic cars as well as provide restoration, collision repair, paint, interior, and fabrication services for owners of classic and other cars and trucks. We operate from a modern service center of approximately 12,000 square feet located on an acre of land near a large metropolitan city. We lease our facility from our owners, but you may elect to buy the property and lease our excess acreage until we experience more growth in the business. We generally have $1 Million to $2 Million in Floor Plan Inventory primarily representing pre-sold dream cars and trucks for our high net worth international customers. Our repair customer base consists primarily of local residents who need vehicle restoration, collision repair, paint, interior, and/or fabrication services. However, a growing portion of our repair customer base comes from automobile “fix and flip'' services for automotive auction clients. Revenue and Seller’s Discretionary Earnings for the year ended December 31, 2019 were of $2.1 Million and $0.6 Million, respectively. During the past five years, our Seller’s Discretionary Earnings margin has been as low as 24.2% and as high as 30.8% and has averaged 27.2%. Revenue and Seller’s Discretionary Earnings for the year 2020 were of $3,200,000 and $1,250,000, respectively as well as EBITDA of $1,150,000. With a large customer base and solid reputation, we continue to attract new customers while maintaining our reputation with existing ones.

Property Information

Real Estate:

Lease

Location:

Property valued at $1.7M is available for optional purchase outside of Asking Price!

Premises Details:

Contains a Floor Plan Inventory of $1.5M!

Size in square feet:
12,000+-/

Business Operation

Reasons for selling:

Approaching retirement and/or pursuing other interests.

Trading hours:

Monday to Friday, open 9AM - 5PM.

Employees:
8 nonunion.
Years established:
2013

Other Information

Support & training:

Owner Transition period of 6 - 12 months is desired.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Negotiable up to 20% for the right buyer.

Furniture / Fixtures value:
$100,000 - included in the asking price
Inventory / Stock value:
$400,000 - included in the asking price

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