Business Overview

GREAT REVENUE(+27%) & PROFIT (+18%) TREND FOR 2021 – The owners of this aftermarket truck accessory business take pride in what they drive and enjoy helping customers who feel the same way about their vehicles. There is no better truck market than the one that this one is located. This truck accessory business offers one of the largest selections of Jeep and Truck Accessories in North Texas. Their strong relationships with top manufacturers in the industry give them the selection and choices of the products that are most desired. They sell the #1 spray-on bedliner but are not just limited to this service, they sell bed covers, floor liners, toolboxes, step rails, replacement bumpers, grille guards, and more. They don’t want to just sell you something, they want to understand your preferences and assist you in finding the options that best serve your needs.
This franchised brand truck accessory business was established in 2006 and moved to a bigger, more centrally located location in 2014. This business can aggressively grow with a new owner’s energy and investment in marketing & expanding the staff.
This is a fantastic opportunity for an entrepreneur who wishes to enter this growing industry. If this listing is of interest to you, please contact Jeff Goldblatt by submitting an inquiry through this business for sale website where you are viewing this listing or by emailing jeffg@vrdallas.com.

Financial

  • Asking Price: $725,000
  • Cash Flow: $223,300
  • Gross Revenue: $855,863
  • EBITDA: N/A
  • FF&E: $150,000
  • Inventory: $10,000
  • Inventory Included: N/A
  • Established: 2006

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:5,235
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

1st Generation space that was customized to the business & owners needs. Situated on well traveled street just off on the major North - South highway.

Is Support & Training Included:

Corporate training required, owner may supplement the training if needed for 2 weeks

Purpose For Selling:

Retirement

Pros and Cons:

The business is located in a highly desirable demographic area where truck ownership is one of the highest in the USA.

Opportunities and Growth:

Growth can occur with new ownership energy and investment in to marketing. Also expanding the work zones, adding employees and extending days/hours is other potential revenue builders.

Additional Info

The company was started in 2006, making the business 16 years old.
The sale won't include inventory valued at $10,000*, which ins't included in the asking price.

The business has 2 employees and resides in a building with approx. square footage of 5,235 sq ft.
The real estate is leased by the business for $5,126 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons individuals choose to sell operating businesses. However, the genuine factor vs the one they tell you may be 2 totally different things. For instance, they might say "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these factors stand. But, for some, these may just be justifications to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in earnings, or an array of other reasons. This is why it is really important that you not count totally on a vendor's word, however instead, use the vendor's answer together with your overall due diligence. This will repaint a more sensible image of the business's current circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of companies finance loans in order to cover things like supplies, payroll, accounts payable, etc. Remember that occasionally this can indicate that earnings margins are too tight. Many companies fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that have to be fulfilled or might cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location attract new consumers? Most times, operating businesses have repeat customers, which form the core of their everyday earnings. Particular elements such as brand-new competition growing up around the location, roadway building and construction, as well as employee turnover can influence repeat clients and adversely influence future revenues. One essential point to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business regularly, the greater the opportunity to construct a returning consumer base. A final thought is the general area demographics. Is the business situated in a largely inhabited city, or is it situated on the outside border of town? How might the local median household earnings influence future income potential?