Engineering Firm Specializing in Aftermarket EV Conversion Parts

Asking PriceNot Disclosed

Cash Flow
Not Disclosed

EBITDA$135,000

Gross Revenue$1,785,000

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

BN000054618Save

Engineering Firm Specializing in Aftermarket EV Conversion Parts


Asking PriceNot Disclosed

Cash Flow
Not Disclosed

EBITDA$135,000

Gross Revenue$1,785,000

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
Description:
The Company is an electric vehicle conversion firm that designs, engineers, and distributes components used to convert classic and performance cars into fully electric vehicles. The Company offers a extensive catalogue of electric vehicle components, such as batteries, chargers, fuses, and drivetrain systems, which are fabricated in-house specifically for electric vehicles. The Company offers comprehensive conversion kits, with high quality components and custom wiring, which can be utilized for a wide range of vehicles.

Key Aspects:
• Diverse Service Offerings: The Company offers customizable engineering services, DIY conversion kits, and individual electric vehicle components, providing clients with a flexible, one-stop solution for a wide range of electric vehicle needs.
• Industry Pioneer: Management notes that the Company is a pioneer in the industry, recognized as the first retailer to offer electric vehicle conversion components specifically for performance vehicles.
• Strong Brand Recognition: The Company’s distinctive products and services have garnered significant media coverage, establishing strong brand recognition among automotive enthusiasts.
• Customer Service Orientation: The Company distinguishes itself through a strong commitment to customer service, ensuring clients receive comprehensive support throughout the conversion process.

Opportunities:
• Expand Authorized Reseller Network: Implement targeted marketing initiatives to grow seller and installer networks, resulting in increased commercial sales and a wider distribution range.
• Leverage New Industry Standards: Utilize the North American Charging Standard (NACS) to develop plug-and-play conversion kits, reducing costs for end consumers while supporting growth for the Company and the broader industry.
• Capitalize on Growing Markets: Leverage the increased usage of solar power to drive off-grid energy storage sales, which are increasingly utilizing electric vehicle batteries.
• Increase Educational Offerings: Develop new educational programs for higher education to diversify revenue streams and meet the demand from science, technology, engineering & mathematics (STEM) educators.

Headquartered:
• Western, US

Current Markets:
• The Company is a business-to-business (B2B) and business-to-consumer (B2C) firm serving automotive enthusiasts and automotive shops in the Western, US and across North America.

Real Estate:
• The Company operates out of a 12,450 sq. ft. warehouse in Western, US, leased from an unrelated third party. This facility is the Company's headquarters and is utilized for all operations. Management notes the lease is transferable to new ownership.

Shareholder Objectives:
• The Company is wholly owned by a single shareholder, who is seeking a full sale. The shareholder is open to various deal structures and is willing to remain with the Company for a predetermined period to ensure a smooth transition to new ownership.
Listing Info
ID
2409470
Listing Views
12
Attached DocumentsAttachment Disclaimer

Teaser_v_1_BN000054618_Engineering_Firm_Specializing_in_Aftermarket_EV_Conversion_Parts.pdf


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Business Listed by: Derek Avdul Benchmark International

Listing ID: 2409470 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. See our full Terms of Use. Learn how to avoid scams.