High Growth Automotive Restyling Business Opp.

Little Rock, AR
Pulaski County


Asking Price: Annual Revenue:
$375,000 $361,287

Automotive & Boats: Auto Retail - Auto Parts


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RE: High Growth Automotive Restyling Business Opp. Broker: Jordan Satterwhite

Quick Facts

Asking Price: $375,000
Annual Revenue: $361,287
Net Profit: Not Disclosed
Cash Flow: $135,598
Total Debt: Not Disclosed
FF&E: $61,550
Real Estate: Not Disclosed
Year Established: 2016
Employees: 2
BBN Listing #: 751459482
Broker Reference #: 28647-397823

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Business Overview:

This high growth automotive restyling company boasts a diverse product and service offering. Partnering with best in class products and delivering exceptional service have enabled this company to experience explosive growth from 2018 to 2019. The exponential growth has shown no sign of slowing down in 2020. The company currently offers spray on bedliners, window tinting, step bars, remote starts, tonneau covers, seat covers, Ignition interlock devices, floor mats and most anything else a customer might want to add to their vehicle. The business is situated in a growing area of Little Rock with a significant amount of drive by presence with 16,000 Vehicles per day. The shop was laid out and designed by an automotive restyling veteran of twenty plus years. The layout is demonstrative of time saving methods and quality assurance measures that only a seasoned veteran would know. As a result of the design, this restyling company can produce more with less employees. The FF&E of the business has been very well maintained. The age of most items are less than three years old. The revenue from this venture is well diversified, the top five customers of this business equal less than 25% of the total revenue. The business also has a well-balanced mix between retail and wholesale accounts. The opportunity boasts a great reputation within the community and online as well. The current operating owner is looking to relocate closer to family. Current owner is willing to train new owner to facilitate a smooth transition.

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Property Features and Assets:

After a failed business launch, the first owner sold to the current owners in late 2016. The first owners placed the business in a location that made doing business very difficult. The location was hard to find and was not located in a reputable area of Little Rock. They found out many customers were not comfortable leaving their $70,000 truck at their facility. One of the first decisive moves of the current leadership was to move the location to the current address. The business signage and well lit parking lot eliminated the issue of customer discomfort with dropping off their expensive trucks. The easily accessible parking lot and clean showroom helped ease discomfort as well. In addition to being hard to access, the previous owner's location made it difficult to physically perform the work. In this business it is important to be able to keep the flow of work moving. The new location remedied the logistic/production issue of the previous regime. The current location makes it very smooth with getting trucks, or any other equipment, in and out of the building to complete the work. It has taken the current owners a couple years, but they have turned around the lack of positive reputation. The turnaround can be contributed to the following key attributes: following the franchise system guidelines, eliminating the location debacle, treating customers fairly and honestly, and not buying a $90,000 boat out of your marketing budget in the first year of business. Today the current owners have turned around the business, the reputation, and have laid the foundation of a brand known for quality service and quality products.

Market Competition and Expansion:

There is competition within the county however, there is no clear-cut dominant player at present time. The market is fragmented within this industry. The demand for these services exceeds the supply of competent companies that can deliver high end products coupled with quality service. The growth opportunity within this market is huge. The Little Rock market is asking for a dominant player to step up and step into the role of one stop automotive restyling shop. This business is planted on a firm foundation. A new owner simply needs to follow the current growth plan and significant growth will continue. There are multiple ways to continue the growth curve of this business. Hire a dedicated outside sales person to focus on wholesale account growth, unify the marketing strategy, extend the business to Saturday hours.

Reason for Selling:

Relocating

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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