Auto Accessory Manufacturer Listing ID: 8188 Location: Costa Mesa, California
Brief: Purchase would require an additional "Earn-Out" structured transaction in addition to down payment - i.e., payment of a percentage of gross receipts for a specified period - from a buyer who is committed to update product line, website and marketing materials.
Listed Price: $80,000
Total Revenue: $165,722
Seller's Discretionary Earnings: $50,000
Fixtures Furniture, & Equipment: $20,000
Real Estate: None
Inventory: $25,000
Financing / Terms: Purchase subject to earnout with qualified buyer.
Business Information
Year Established: 1992
Number of Employees: 1
Days and Hours of Operation: 10am - 3pm and Website 24/7
Relocatable: Yes
Franchise Information: N/A
Facilities / Location: Business is easily relocatable. Business currently occupies a 1,600 square foot facility on a month-to-month basis. Current rent is $1,300 and new lease is available under favorable terms.
Lease Information
Lease Expiration Date: Month-to-month
Option: N/A
Monthly Rent: $1,300
Additional Information
Reason for Selling: Seller considering relocation.
Business Description: This business provides a patented quality auto accessory for luxury vehicles. The unit is manufactured in China; however, final assembly takes place at the business location utilizing various components obtained locally. 80 percent of all products are sold through approximately 300 auto dealerships located throughout the US and high-end catalogs on a wholesale basis and the remaining 20 percent are sold through the business website at retail.
Virtually no competition offering same high-quality auto accessory. Business maintains a very strong reputation for customer service for 15 years with an established wholesale client base of more than 300 auto dealerships.
Seller will provide full training and support, including guidance toward updating product line beyond 2000 model year which will boost revenues.
Potential for Growth: There is huge potential to boost product sales by simply updating the product line beyond the 2000 model year. This can be accomplished fairly easily with seller''s guidance and minimal investment. In fact, seller may be amenable to a "earn-out" structured transaction with partial down payment for a buyer who is committed to update product line, website and marketing materials.
