High-Performance Automotive For Sale

Business description

The business has been serving the needs of the regional professional racers and amateur enthusiasts for over four decades. International demand for the products has pushed this business in the last several years to the global stage. These products and services do not appear to be effected by macroeconomic conditions, can not be "off-shored" and benefit directly from a baby-boomer amateur enthusiast clientèle with higher discretionary spending ability and fewer demands on their personal time. Third party valuation report and full online video tour available under confidentiality.

Property information

Location:

The business enjoys an over 6,000 s/f custom designed facility in a location that is ideally suited for the business from both a local and regional perspective. The owner believes the business has all the machinery and equipment needed to double production with only two additional employees. The owner of the property would be agreeable to allowing an expansion of the current building to up to double the current size if needed by the business.

Other information

Competition / Market:

Regional and global demand for these products and services has been growing for decades, but the industry has experienced a resurgence due in some measure to the higher discretionary purchasing power of the baby-boom generation. At first glance from someone outside of the industry, the market appears crowded. The fact is that this business plays a crucial supporting role to these businesses through their long-time supplier relationships. New entrants could not hope to achieve the top of mind status this business enjoys throughout the region. The current owner is working less than two days per week in the business because of other personal and professional demands, and as a result there are no proactive sales or marketing initiatives. The business would benefit tremendously from an on-site owner/operator. Although the employees are able to fully function and maintain the business in the owner's absence, the employees would welcome the opportunity to improve the businesses performance and share in the financial rewards. The average employees tenure is 10+ years

Support & training:

The owner is willing to train the buyer for some period of time.

Reasons for selling:

The owner wishes to pursue other personal endeavors.

Furniture / Fixtures value:

$174,350

Inventory / Stock value:

$132,050

Contact the seller