Secondary Category:Radio Installations Businesses for Sale
This Northern California based Car Audio and Window Tinting Business is a California Sub-Chapter S Corporation and was established in 2000 and has been under the current ownership since 2020. This company specializes in car audio and electronics, window tinting, safety & security, and led lighting. With 2 locations in Sacramento County, they are the premium brand in car audio. They are the destination for brand name Subwoofers, Speakers, Amplifiers, Car Alarms, Remote Start, Bluetooth Receivers, Marine Audio, Video, and in-dash navigation. Some of the premium brands they carry include Rockford Fosgate, Wet Sounds, Pioneer, JL Audio, Kenwood Excelon and several others. Their lines of accessories include names such as PAC Audio, Stinger and Metra as well as many more.
Financial Information
$975,000
Asking Price
$347,365
Cash Flow
$2,197,632
Gross Revenue
$975,000
Down Payment
Business Location
City:
Sacramento
State:California
Reason for Sale
The reason for selling is Seller are looking to pursue other interests.
Detailed information
Year Established:2000
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:Yes
Full-Time Employees: 12
Part-Time Employees:1
Contractors:N/A
Owner Worked Hours/w:2
Adjusted EBITDA:
$500,000
Inventory Included: Yes
Inventory Value:
$250,000
Monthly Rent:
$6,500
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
N/A
Building Size: 7600
FF&E Included?: Yes
FF&E Value: $60,000
Training/Support
The Seller is willing to provide training for 2 weeks at 20 hours per week. Additional training from the Seller is available beyond what is included in purchase price at mutually agreed to terms between the Buyer and Seller.
Facilities
Business operates out of 2 locations in Sacramento County.
Market Outlook/Competition
The global car audio market size was estimated at $8.56B in 2020. The market is projected to grow from $8.82B in 2021 to $13.52B in 2028 at a CAGR of 6.3% during the 2021 – 2028 period. The global impact of COVID-19 has been unprecedented and staggering, with car audio witnessing a negative demand shock across all regions amid the pandemic. Based on analysis, the global market exhibited a decline of 4.6% in 2020 as compared to the average year-on-year growth during 2017-2019. The rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels since the pandemic is over.
Growth can be obtained by increased marketing as well as Tesla/electric vehicle window tinting, adding clear coating and doing wraps as well. Current marketing is based on internet as well as text messages, some radio and Pandora. More strategic advertising and social media would drive up sales as well.
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