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Our client is one of the premier wheel repair and manufacturing companies in Southern California and has been operating successfully for the last 16 years. The company specializes in repairing damaged wheels–painting, polishing, welding, chroming.
Services also include the sales and repair of aftermarket wheels and O.E. wheels.The client base (approximately 75%) is primarily car dealerships, insurance companies, collision centers, and related repair shops. The business model is based on a 24 hour turn around with delivery and pick-up to the shops by the drivers.
The warehouse employees repair, color, sand, buff, the wheels during the day and night shift employees’ machine and polish, prep and paint, the wheels for next day drop off. The retail portion of the business has also increased and revenue is also generated through Ebay and Amazon.
The seller, who started the business in 2002 operates the company along with 20 full-time and 6 -10 part-time employees in the shop. The territory covered is primarily Orange County and the customer base extends to Long Beach in Los Angeles County. There is growth opportunity by expanding the geographic radius and building the sales team.Sales/Net Income: The company has shown significant growth in the last 5 years with consistent and repeatable revenue.
The business has been pre-approved for SBA funding and buyers will have to qualify based on financials, credit, and related experience. We believe our client represents a significant investment opportunity for an entrepreneurial buyer (similar to the seller) or for companies seeking to grow through acquisition.Interested parties must have a signed Non-disclosure Agreement and qualified Buyer Profile to receive a Confidential Information Memorandum (CIM).
Strategically located in Orange County in close proximity to the major freeways. The facility is 5,800 sq. ft. and rent is only $4,600 per month.
The company has grown organically while building a strong foundation. There is potential growth through expanding the geographic radius of the customer base and even adding satellite locations.
The Seller has built a great business and wants to take a break and spend more time with family before next entrepreneurial venture.
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