Auto Parts Manufacturer - 23703

Not Disclosed, NY
Nassau County

Asking Price: Annual Revenue:
$1,350,000 $1,500,000

Manufacturing: Auto & Transportation

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RE: Auto Parts Manufacturer - 23703 Broker: Melvin L. Vaz
Owner Financing is Available!
$1,350,000.00 Down & Financing is available for qualified buyers.

Quick Facts

Asking Price: $1,350,000
Annual Revenue: $1,500,000
Net Profit: Not Disclosed
Cash Flow: $350,000
Total Debt: Not Disclosed
FF&E: $400,000
Real Estate: Not Disclosed
Year Established: 2001
Employees: 10
BBN Listing #: 27494447
Broker Reference #: 23703

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Business Overview:

Niche Auto Parts Manufacturer. This company was started from scratch by the current owner 16 years ago. They operate out of a 10,000 square feet facility on Long Island. In the past year they had gross sales of approximately $1,500,000.00 with a Net Income (including receivables) of approximately $350,000.00. THE ASKING PRICE INCLUDES $250,000 IN NET INCOME, Approximately $100,000 IN RECEIVABLES, Approximately $600,000 IN CURRENT INVENTORY AND Approximately $400,000 IN CUSTOM EQUIPMENT! 70% of sales are domestic with 30% to central America and Canada. There has been a strong sales demand outside of the US. The current owner will readily admit that he has grown the business to a point where he is comfortable, but knows a larger company or industry savvy individual would be best suited to take it to the next level. That is exactly the type of buyer we are seeking. Candidates must also be financially qualified and able to provide Proof of Funds for at least $1.35 million in liquid funds to cover any downpayment, working capital, inventory, etc. If you fit the criteria, please contact Mel Vaz or email us.

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Reason for Selling:

Seller is pursuing other interests.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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