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Vehicle Accessories & Upgrading with Property Included! (37956)


Established in the Greater Daytona Beach area, the business provides specialized installation, service, and repair of lift kits, bumpers, wheels, and tires, plus quality lights, train horns, gears, lockers, and other accessories. Centrally located in an attractive, high-traffic region, the company caters to popular Jeep, truck, and SUV enthusiasts thanks to their well-kept shop that comes fully stocked with a new lift, OEM materials, and aftermarket parts. The company is recognized as a reputable location with no individual consumer representing more than 3% of the annual income, making a low risk for client concentration. The prime 13,000 square foot repair facility that contains a showroom floor and office spacing. There are five working bays with four 2-post lifts and one 4-post drive on lift, two overhead doors, and a storage area that could be used for more shop space. Currently being remodeled to include rental income, the property comes included in the Asking price, is found in fine condition and zoned to handle added capacity, optimizations, and tactical expansions. The seller will retain the A/R and transfer a debt-free business to the new owner. Gross Projections for 2023 reach up to $1.5 Million, after Revenues in 2022 total $1,304,424 alongside Discretionary Earnings of $170,530 and EBITDAs of $127,999. The industry-experienced team of seven employees includes a cross-trained salesperson groomed for leadership duties, is likely to continue owner- involved operations after a standard transitioning period. Their maintained website, engagements on socials, and internet efforts promote products, along with print media, advertising programs, and verbal referrals from a large and repeating customer base stretching back four decades. Call IAG today! 



Listed By: Ann Parsley

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Background information

Seller Number:

37956

Year established:

Started in 1986; Acquired 2004.

Reason selling:

Plans to retire and travel.

Finance

Sales:

$1,304,424

Profits:

$170,530

Profit type:

Discretionary Earnings

Operations

Employees:

7 nonunion.

Equipment:

$100,000

Inventory:

$125,000

Premises

Square footage:

13,000+/-

Location:

Property valued at $1.8 Million comes included with the Asking Price!

Opportunities

Market:

Website, Socials & Internet Efforts, Print Media & Advert Programs, and Referrals.

Price and terms

Price:

$2,100,000

Financing:

Standard SBA-term financing will be negotiable for qualified buyers.

Owner Transition:

Cross-trained salesperson groomed for leadership is likely to continue owner- involved operations after a standard acclimation period.