Primary Category:Auto, Boat & Aircraft Businesses for Sale
This Northern California engineering and manufacturing firm for performance aftermarket Audi parts. They also have another division that provides innovative Jeep and truck accessories. This company has been in operation for 17 years (since 2006) under the ownership of the founder and is a California Sub-Chapter S Corporation. Located in Northern California, they service customers nationally and internationally, providing their engineering products via ecommerce. They service vehicles from Silicon Valley to Sacramento, and everywhere in between. They even service vehicles across the United States, who will have their vehicles sent to California for installation of such things as turbo kits, supercharger kits, transmission and drive train upgrades, brake kits and more. One of the top 5 brands of aftermarket Audi parts in the world, they have THOUSANDS of original proprietary designs that come with the sale of the business. In addition, they also provide APR turning and are a premiere APR Dealer. With 2 locations in Northern California (one owned and one leased), they can service the Northern California customer base easily. They are primarily a parts manufacturer and engineering company that does 70% of their business via ecommerce globally, and roughly 30% in auto repair. They are also vertically integrated, having several milling machines, turning machines, CNC lathes and exhaust benders. They can cost effectively make their own parts in house, from CAD drawing to prototype to finished product. CNC machining billet parts and stainless-steel exhaust fabrication are just two of their specialties.
Additionally, this business has also pivoted to another revenue stream for engineering projects under a separate engineering brand, where they can be a “job shop” and do 3D Cad, 3D Printing and CNC Machining for one off engineering projects.
On the Jeep and truck side of things, this company has a unique set of products including door handles, royal shackles, show hooks, hitch hooks, hood hinges and tailgate handles just to name a few. There is incredible room for expansion by developing and marketing new products, and the Seller has a roadmap of such products he is willing to share based on customer base requests and market trends.
Financial Information
$4,600,000
Asking Price
$600,000
Cash Flow
$4,600,000
Gross Revenue
$4,600,000
Down Payment
Business Location
City:
Northern California
State:California
Reason for Sale
The Seller is selling to pursue other interests.
Detailed information
Year Established:2006
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 15
Part-Time Employees:N/A
Contractors:1
Owner Worked Hours/w:40
Adjusted EBITDA:
$500,000
Inventory Included: Yes
Inventory Value:
$1,000,000
Monthly Rent:
$9,000
Real Estate Available: Yes
Real Estate Included: Yes
Real Estate Value:
$1,600,000
Building Size: 7410
FF&E Included?: Yes
FF&E Value: $750,000
Training/Support
The Seller is willing to provide training at 30 hours per week for 4 weeks for the new Owner. Additional training from current owner can be made available at a mutually agreed upon cost to the new Owner.
Market Outlook/Competition
Growth can be obtained by increased marketing efforts and developing more distribution and wholesale channels to get their product to market. They have an excellent online presence to build on, and sell parts online but also through eBay, Amazon and other venues. Real growth comes from product development, and the Seller has a roadmap of potential new products that would be turned over in the sale of the business.
Real Estate Description
The business operates out of a 7,410 square foot owned facility on 0.82 acres with base rent of $9,000 per month on a 25-year lease term with 19 years left that is assignable. The building is part of the sale and priced at $1,600,000.
CA 02100708
NV 1003039
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