71342 - Antique Auto Salvage Parts

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Asking Price:
$1,300,000

Gross Revenue:
$993,000
Cash Flow:
$102,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$500,000
included in asking price

FF&E:
$157,000
included in asking price

Real Estate:
$230,000
included in asking price

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Business Description

Operating from Kansas, the company is an auto dealer offering antique cars and parts. The company’s primary services include selling cars and parts online and performing restorations and repair services. The company operates from a 25,000-square foot facility, valued at $230k it is included in the asking price. It features a storage and warehouse area, fully equipped garage, and office space. The company has a proven track record, supported by its longstanding reputation in the antique and classic car industry. With its niche range of products, the company’s marketing efforts focus on targeting antique car enthusiasts worldwide, 55% internationally and 45% domestically. Revenues have increased 22% over the past 4 years, due to higher demand and increasing international sales. Last year, the company’s total revenue was $993,159 with an SDE of $102,000. The owner has recently assessed expenses and got rid of unnecessary expenses to increase the profit margins considerably. They are projecting $900k in sales and $135k-$175k in Net Income for 2017, depending on possible sales. The is room for growth if the new owner added other classic model cars to inventory. The current owner is happy to discuss further profit and revenue optimization with the new owner.

About the Business

Location:
Kansas
Year Established:
1995
Number of Employees:
6
Real Estate:
Owned
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About the Sale

Reason For Selling:
Approaching retirement

Listing Info

ID:
1445838
Ad Detail Views:
1589

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