Total of 18659 firms and businesses for sale today Wednesday 1st May 2024
Sold. Automotive Aftermarket Manufacturing
LISTING DETAILS
Firms For Sale ID:
28843
Vendor reference:
3550
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
Undisclosed
Turnover / revenue:
$2,150,000
Net profit / cashflow:
$197,085
Years established:
35
Number of employees:
16
OTHER DETAILS
Reason for selling:
After 35 years running the Company, Sellers are developing a planned exit strategy.
Support and training:
Current owners are willing to stay to promote a smooth transition to new ownership
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
The Company for sale specializes in manufacturing parts and distributing accessories for the restoration and repair of very popular classic automobiles. The Company offers more than 5,000 part numbers of which approximately 64 percent are produced in house or by local contractors with Company tooling. A majority of sales are derived from rubber and plastic components, along with other cosmetic components (lights, lenses, wipers, mirrors, etc.).
Market / Competition / Non-Competition Agreements
Management is confident the Company is well positioned to leverage its well-earned reputation, established customer relationships and significant parts catalog to grow revenue. Investment in new product lines as well as fostering new relationships with auto manufacturers could lead to sales growth well beyond the projections presented herein.