Industry Description

Auto Component Mnf.

SIC

3711

Days Open

5

Year Established

1988

Hours of Operation

9 - 5 pm

Years Owned

1988

Full-time Employees

5

Part-time Employees

0

Other Notes

Hours/wk by Owner

40

Owners Duties

Fully operational

Skills / Licenses Req¹d

Training Offered / Cost

As required

Non-Compete Terms

As necessary

Exec. Summary

Manufacturer of custom front end suspensions, autos and components

for classic cars, street rods and custom trucks (from 1929 - 1979), and performance, aesthetics  and services.

Lease / Bldg. Info.

Auto Complex

Monthly Rent

Lease Commenced

Deposit

Lease Expires

Term & Option

Bldg./Area Description

Industrial

Square Footage

6,800 sq. ft.

Seats, Pkg, Zoning, etc.

Reason for Sale

Financial Summary

Current Yr. Annual

2003 / Owner to Prove

2002 / Owner to Prove

Gross Revenue

$380,000 - $500,000

COGS

Rent / CAM

Payroll

Net Profit (before tax)

Discretionary Cash

$163,000

Expense Breakdown

Included in Sale

Assets

Liabilities

FF&E Included

$600,000

Lease Obligations

$0

Inventory Included

$20,000

Debt Included

$0

Other Assets Included

Other Liabilities

$0

Working Capital (not incl)

Return on Sale Price

Asking Price

$550,000

Owner Financing/Terms

Owner will consider

Earnest Money Dep.

$10,000

Down Payment

Opportunity Summary

Headline

Custom Auto - Classic Car, Hot Rod, and Related Component Manufacturer

Summary

This well-established (since 88) manufacturer of complete custom autos, chassis, front ends and suspension components for classic cars, street rods and custom trucks (from 1929 +), and provider of performance, aesthetics and value enhancing products and services, offers unbelievable potential for overnight growth. This business is a well-know industry leader and has received an unheard of amount of press and public relations attention (30+ magazine articles, etc), maintains the highest reputation for quality in the industry, and is literally turning away accounts that could increase sales exponentially!

This niche-market firm has taken strides to not grow and is looking for an owner who will now help it achieve its multi-million dollar potential.  At present, gross revenues have been ~ $360k for the past 5 years. Again, this shop has turned big clients away on a daily basis for years and opted to maintain a small boutique operation. The owner will assist in training and growth efforts to help new ownership achieve the $1+ ml. in annual sales that this firm is capable of.

Facilities / Assets

Approximately $600,000 in fixed assets are included in this sale.

Competition

Very low

Growth Potential

Enormous.  The firm has the assets to more than double production / service.

Other