Business Overview

This business is one of the leaders in Custom Interior System work for Street Rods, Customs, and Classic Trucks. Use
vacuum thermoforming techniques to create plastic products for VINTAGE car and truck enthusiasts such as headliners, door panels, gas tank covers, under-dash cover for`72-and older cars and trucks, trunk lid covers, armrests, and much more.
Each molded plastic product is manufactured in-house in the USA. All material is recycled and return all in-house generated scrap for recycling. This business can be moved and new products can be developed upon need. This business, customer base, website, and $60K inventory included with purchase.

Financial

  • Asking Price: $240,000
  • Cash Flow: $129,872
  • Gross Revenue: $635,864
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $60,000
  • Inventory Included: Yes
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,070
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

A new lease is available, Hours Monday thru Friday from 8 am to 4:30 pm

Is Support & Training Included:

4 weeks, 20 hours per week

Purpose For Selling:

Retirement

Additional Info

The deal will include inventory valued at $60,000, which is included in the requested price.

The company has 3 PT employees and is situated in a building with disclosed square footage of 2,070 sq ft.
The property is leased by the business for $3,000 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals choose to sell operating businesses. However, the real factor and the one they tell you might be 2 entirely different things. As an example, they might state "I have way too many various commitments" or "I am retiring". For many sellers, these reasons stand. But, for some, these may simply be excuses to try to hide the reality of changing demographics, increased competition, recent reduction in earnings, or a variety of other reasons. This is why it is very important that you not count completely on a vendor's word, but rather, make use of the vendor's answer along with your general due diligence. This will repaint a much more sensible picture of the business's existing situation.

Existing Debts and Future Obligations

If the current company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses take out loans with the purpose of covering points such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can indicate that revenue margins are too thin. Numerous organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that must be fulfilled or may lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location draw in brand-new clients? Most times, operating businesses have repeat consumers, which create the core of their daily earnings. Particular aspects such as brand-new competition growing up around the area, roadway building, and staff turn over can influence repeat consumers as well as adversely affect future incomes. One essential thing to consider is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Obviously, the more individuals that see the business regularly, the greater the possibility to construct a returning customer base. A final thought is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the outside border of town? Just how might the local mean household income effect future earnings potential?