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Details - Information last confirmed on August 5, 2020
This company has over 30 years of brand recognition in the hot rod and motor sports industry (it has sold to marine and aircraft industries as well). It currently manufactures and sells approximately 25 different products in varying sizes. The selling price includes proprietary molds and dies that are valued at over $200,000, approximately $100,000 of Inventory and two trade show booths. Also included are two patents and seven trademarks. Sales are primarily made through national and international distributors. Product margins have averaged 56% over the last three years and the company has never had to discount prices or use sales promotions to drive more sales. Parts are manufactured by an outside vendor but are assembled, packed and shipped in house in a 1,200 square foot facility owned by the seller. These operations can easily be relocated. There are NO lease assignments that need to be addressed in this opportunity which avoids a significant contingency and allows for easy relocation.
In recent years, the owner has been unable to sustain the pace needed to maintain the sales and marketing activities that have made the company successful. Getting back to previously achieved levels of activity could possibly grow sales by a factor of four or more over two years. A new owner should expect to be very busy attending industry and consumer trade shows, developing the distributor network and developing new products to bring sales back to these levels. This industry is also populated with very passionate automotive enthusiasts which makes it a fun industry to be part of.
The owner is retiring and would like to see the company transfer to a new owner with the same passion and vision so the company can endure and prosper. A buyer with industry knowledge and manufacturing experiences would be preferred.
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