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Thriving Classic Car Part E-commerce Business For Sale

Rigas, Latvia
Asking Price:
$1,948,860 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$545,575 (USD)
Cash Flow:
$500K - $2.5M (USD)

- In 2015 founded with just 1400 Eur (1516 USD). The one-stop shop for your classic car.
- In 2019 the company had Total Sales 503,902 EUR (545,575 USD) and Net Profit of 181,119 Eur (196,098 USD) with huge upside potential and purchased a 400 m2 (3500 sq.) feet warehouse, office.
* Market segmentation 52% USA, 24% Europe, 4.5% Canada and 19.5% Rest of the World.
* If you buy the business there are 2 main options:
1) Keep warehouse/office, hire local people (most can speak english and russian) and run the business remotely.
2) Fully relocate to any place in the world (no extra cost for stock relocating and painless).

*** Huge Advantage - we have low cost air transport delivery service provider with full tracking + (B2C) and max size 2 meters in length. The terms are for all worldwide shipments. Example:
Full bumper set (170cm x 64cm x 35cm / 66.93IN x 25.20IN x 13.78IN, weight 6.5kg/14.33 lbs) from Europe to USA for 67 Eur (73 USD).


We are not just selling our company, we are looking for someone, who will cherish our child and help him to grow even bigger, so we could be even prouder than we are now.
If you are wondering, why we are selling this business, that is because our business has grown substantially and reached a bottle neck situation where the demand far exceeds our capability.

We started this as a family business and have grown to understand that working in such a high demand market this business requires to be taken to the next step which is not possible with our small team. We see a huge potential for this business and we don't want to limit it and the vintage car community, just by keeping it as a small family business.

Business package:
• A wide known brand name in the classic car community.
• Valuable contracts with manufacturers, suppliers and delivery service providers.
• Social media: home page/web store, Ebay account, Facebook, Instagram.
• Stock with a wholesale value of ~160,000 Eur (173,232 USD).
• Unique and high in demand molds for rare European market specific car parts (mold manufacturing cost ~30000 Eur (32,481 USD) of total ~60 pieces).
• Business owner financing of up to 50% from total purchase value.
• In-house developed warehouse system which allows for easy stock management, restocking, product picking and sales price estimating.
• Warehouse/office in logistically advantageous location in Europe. (If you choose to fully relocate the business, then the warehouse/office can be removed from the business package, therefore reducing the sales price by 100,000 Eur (108,270 USD).

Exchange rate used (1 EUR = 1.0827 USD) in 27 April 2020

If you are interested to continue a success story and make high profit, do not hesitate to contact me for more information.

Property Information

Real Estate:

Real Property Included

Location:

Online shop.

Warehouse in Europe or fully relocate business to any place in the world.

Premises Details:

Warehouse and office size 400 m2 (3500 sq. feet) with Land plot 1250 m2 (13455 sq. feet)

In-house developed warehouse system which allows for easy stock management, restocking, product picking and sales price estimating.

Size in square feet:
3,500

Business Operation

Expansion Potential:

Business is growing annually 20-25% and looking on business tendencies and potential, it will keep growing by 20-25% annually.

Competition / Market:

Our business has a completely different approach to the market compared to our competitors. We are only targeting an specific market segment of classic cars compared to the majority of our competitors who target all years and makes of cars. We offer the one stop shop solution where the customer can source all of the needed parts for his car in our shop. We specialize in conversion and upgrade parts not wear and maintenance parts.

We are strongly ahead of our competitors as we have the free worldwide shipping for all of our products- our client can be located anywhere in the world and not worry about excessive shipping and handling costs.

Reasons for selling:

Our business has grown substantially and reached a bottle neck situation where the demand far exceeds our capability.
We started this as a family business and have grown to understand that working in such a high demand market this business requires to be taken to the next step which is not possible with our small team. We see a huge potential for this business and we don't want to limit it and the vintage car community, just by keeping it as a small family business.

Trading hours:

24/7

Employees:
3
Years established:
5

Other Information

Support & training:

All about our business, we are ready to give all our knowledge about this business to buyer.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

50% down payment and we can agree on terms for the rest 50%.

Furniture / Fixtures value:
$10,000 (USD) - included in the asking price
Inventory / Stock value:
$170,000 (USD) - included in the asking price
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

Contact Information

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