The Company sells aftermarket products for select models of classic cars and trucks. The products are sold nationally and globally mainly through dealers with a small amount of product sold through the Company website. The business is home based with two employees, both owners of the Company, both of whom are retiring.
- Asking Price:
- $1,100,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,036,320
- Cash Flow:
- $301,540
Property Information
- Premises Details:
-
The business is home based in the owners' 1,200 sq. ft., frame-built shop/garage. The business must be relocated. The business can be relocated to the buyer's property or to a suitable manufacturing facility. No real estate is included in the sale.
Business Operation
- Expansion Potential:
-
With at least 3% growth each year, the Company has enormous potential for more growth. A few products have only been out a year or two, so there is growth opportunity as the word gets out. There are still many people who haven't heard of the Company or the unique products being offered. There are untold Restomod shops and other aftermarket auto parts specialty dealers who could be marketed to with little effort with print advertising, tradeshows, SEMA, car shows, Barrett-Jackson, TV spots with shows like Bitchin' Rides, Iron Resurrection, etc. The restomod/classic car enthusiast market is more popular every year, with LOTS of money being spent to restore and to take the cars to the extreme. It is the owners' opinion that they could be holding the company back in growth because of their plans to retire.
- Competition / Market:
-
The Company is involved in a niche market with very little competition. A few companies manufacture replacement parts, but no other company manufactures the types of products provided by the Company.
- Reasons for selling:
-
Owners are retiring.
- Trading hours:
-
Monday-Friday 8am-4pm
- Employees:
- 1 FT
- Years established:
- 29
Other Information
- Support & training:
-
Will train for 4 weeks @ $0 cost.
- Financing available:
-
Lender pre-screened with $110K down.
- Furniture / Fixtures value:
- $22,650 - included in the asking price
- Inventory / Stock value:
- $240,000 - included in the asking price
- Home based:
- This business can be run from home.
- Relocatable:
- This business can be relocated.
