Jun 4, 2020 — Attractive, Profitable - Semi-Absentee - Auto Accessory Business
This business is a very successful location in Austin, Texas that mainly offers and installs auto accessories (including tinting, audio upgrades and detailing) and other services to all demographics including luxury. The business was started at the current location by the semi-absentee owner in 2012 and has grown consistently over the past three years. The space still looks brand new and is immaculate in a great location.
The business has been profitable since inception. The business works principally on a cash basis and in 2019 had sales of $749,321 and SDE of $198,518. Growth in the Austin metro area has been steady over the past few years contributing to sales of $684,134 in 2017 and $698,847 in 2018.
Austin has a projected population growth of over 10% by 2020 making it one of the fastest growing cities in the U.S . Growing brand recognition along with population growth opens the opportunity for new locations.
The business is a potentially attractive acquisition for a new owner for several reasons. The Seller has successfully built a brand around the business. A new owner could enter new markets and grow the franchise proportionally. To learn more, the next step after reviewing this document would be to schedule an appointment with the advisor from CGK to speak with the main representative for the Sellers.
Disclaimer: DealStream has not independently verified any of the information in this post and makes no warranty as to its accuracy or completeness.