Company fiscal year period is March 1st through February 28th. For YTD period 3/01/2021 - 6/30/2021
Gross revenue: $1,880,000
Adj EBITDA: $139,000
The company is an after-market automotive accessory company that manufactures self-adhering body side moldings, self-adhering chrome moldings, rear deck spoilers, ram air truck hoods, and various aftermarket products. The company has an established reputation in the market and primarily sells through a vast distribution network while offering additional products through a secondary affiliated brand.
Key Aspects
Proven business model and defensible market demonstrated by success in multiple recessions
60% repeat business
Efficient utilization of overhead and resources
More than 375,000 bodyside molding kits sold and over 50 million ft. of extruded vinyl PVC trim manufactured
Opportunities
Capitalize on the company’s recent investments and new machinery developments by offering additional products and entering new markets
Increase marketing and sales efforts
Large facility, operated by knowledgeable personnel and equipped with the necessary machinery to allow an existing fabricator to expand and gain market share within industry
Current Markets
Automobile aftermarket distributors and wholesalers in the United States
Real Estate
The company works from a single location just outside of Cleveland, Ohio. The company operates from a 70,000 sq. ft. facility leased from an affiliated entity. Ownership prefers to sell the facility.
Shareholder Objectives
The owner is seeking a full sale, but would like to continue working for several more years with the company. The owner is also willing to leave after a short transitional period if this is what a buyer prefers.
