High-Performance Engine Builder
Location: Illinois > Chicagoland
Industry: Auto Related > Other Auto Related
Financials
Asking Price: $225,000
Gross Revenue: $590,000
Cash Flow: $71,710
Cash Flow Comments: SDCF
Inventory: $132,050 (Included in Asking Price)
FF&E: $174,350 (Included in Asking Price)
Seller Financing: The seller will consider some level of participation.
Business Summary
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.
About the Business
Year Established: 1968
Employees: 7 full time -
Facilities: 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.
Market Outlook and Competition: 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.
About the Sale
Management Training and Support: The owner is willing to train the buyer for some period of time.
Reason For Selling: The owner wishes to pursue other personal endevours.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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