NOT DISCLOSED, California
| Asking Price |
$2,850,000 |
Year Established |
1970 |
|
| Annual Revenue |
$1,980,000 |
Reason for Selling |
The reason for selling is the Seller would like to pursue other interests. |
|
| Annual P/L |
|
Attention |
Brett Sargent |
|
| Annual Cash Flow |
$480,000 |
Listing Number |
1005734 |
|
| # of Employees |
9 |
Business Category |
Manufacturing: Auto & Transportation |
|
Business Overview:
This Northern California Exhaust Component Manufacturer is a California S-Corporation that has been in business for the past 54 years and under current ownership for the last 31 years. They offer a complete line of exhaust components for Exhaust Fabricators, ranging from Mandrel Bends, CNC Header Flanges, Merge Collectors, Collector Flanges, Stainless Bellows, V-Band Clamps and Sealing Flanges, as well as Formed Collectors and Accessories. Many of their clients work in the high-performance car arena, such as the National Hot Rod Association (NHRA) and NASCAR.
Once considered one of the more backward-looking segments of the automotive aftermarket, the hot-rod and street-rod markets have changed radically over the past generation. No longer the exclusive province of ’30s through ’50s roadsters and sedans equipped with traditional running gear, today’s hot-rod market spans the automotive spectrum to include ’60s through ’80s muscle cars, pickups and utility vehicles sporting 21st-century technologies. In all, the market has grown into a global industry that constitutes a $1.26-billion market sector, according to the most recent survey from the SEMA’s Hot Rod Industry Alliance (HRIA).
Property Features and Assets:
This business operates out of approximately 22,000 square feet with a base rent of $17,200 per month on a NNN lease. The property is owned by the Seller. The facility includes a show room, office space and very spacious manufacturing space.
Market Competition and Expansion:
Overall, industry experts felt that the marketplace remained strong, but they also acknowledged the challenges posed by COVID-related disruptions over the past year. The automotive aftermarket gained an estimated four million new customers during the 2020 pandemic year.
Additional Details:
- The property is owned.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity