Details - Information last confirmed on November 24, 2020
Operating from our headquarters in Arizona, we purchase, restore and sell classic cars as well as provide restoration, collision repair, paint, interior, and fabrication services for owners of classic and other cars and trucks. We operate from a modern service center of approximately 12,000 square feet located on an acre of land near a large metropolitan city. We lease our facility from our owners, but you may elect to buy the property and lease our excess acreage until we experience more growth in the business. We generally have $1 million to $2 million in floor plan inventory primarily representing pre-sold dream cars and trucks for our high net worth international customers. Our repair customer base consists primarily of local residents who need vehicle restoration, collision repair, paint, interior, and/or fabrication services. However, a growing portion of our repair customer base comes from automobile “fix and flip” services for automotive auction clients. Revenue and seller’s discretionary earnings for the year ended December 31, 2019 were $2.1 million and $0.6 million, respectively. During the past five years, our seller’s discretionary earnings margin has been as low as 24.2% and as high as 30.8% and has averaged 27.2%. Revenue and seller’s discretionary earnings for the ten months ended October 31, 2020 were $2.8 million and $1.25 million, respectively. With a large customer base and solid reputation, we continue to attract new customers while maintaining our reputation with existing ones.
Contains Floor Plan Inventory of $1.5M! Includes equipment of $100,000, Inventory valued at $400,00 and features the Property valued at $1.7M as available for optional purchase outside of Asking Price!
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