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Business For Sale
AUTO ACCESSORY MANUFACTURER, WHOLESALE DISTRIBUTOR
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Asking Price: |
$80,000
USD USA Dollars
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Business for Sale Industry: |
Manufacturing: Non-classifiable
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Reason for Selling:
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Seller considering relocation. |
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Year Established:
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1992 |
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# of Employees:
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1 |
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Yearly Revenues:
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$165,722 |
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Yearly Cash Flow:
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$50,000 |
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Yearly EBITDA:
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$(24,995) |
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Yearly Net Profit:
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$(32,212) |
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Yearly Gross Income:
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$98,000 |
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Monthly Payroll:
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$1,000 |
Business for Sale Overview:
This business provides a patented quality auto accessory for luxury vehicles. The unit is manufactured in China; however, final assembly takes place at the business location utilizing various components obtained locally. 80 percent of all products are sold through approximately 300 auto dealerships located throughout the US and high-end catalogs on a wholesale basis and the remaining 20 percent are sold through the business website at retail.
Note: Purchase would require an additional "Earn-Out" structured transaction in addition to down payment - i.e., payment of a percentage of gross receipts for a specified period - from a buyer who is committed to update product line, website and marketing materials.
Property Features and Assets:
Business is easily relocatable. Business currently occupies a 1600 square foot facility on a month-to-month basis. Current rent is $1,300 and new lease is available under favorable terms.
Market Competition and Expansion:
There is huge potential to boost product sales by simply updating the product line beyond the 2000 model year. This can be accomplished fairly easily with seller's guidance and minimal investment. In fact, seller may be amenable to a "earn-out" structured transaction with partial down payment for a buyer who is committed to update product line, website and marketing materials.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is willing to work for the new owner.
- This may become a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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