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Unique Automotive Manufacturing / Conversion Firm
Location California,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $1200000
Net Profit / Cash Flow $300000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2005
Number of Employees 20 - 34
Inventory 200000
Relocatable No
Number of Employees 20 - 34
Real Estate Leased
Training Excellent
Reason for Sale Relocation
Description Unique automotive manufacturing/conversion firm with global sales (established in 2005) specializing in custom manufacturing and conversion of luxury automobiles (limousines, Sprinter Vans, and other vehicles), limousine and luxury auto sales and exports, limo and transportation services.
Recognized as the leader in the field of custom conversions, it is expected to soon be certified to work on Mercedes Benz Sprinter Vans, one of only 3 companies in California. The company has selected the most talented interior designers that work in the limousine industry, utilizing the finest materials and latest technology to insure superior quality and performance.
The company has three profit centers:
1) CONVERSIONS: A full service custom manufacturer of stretch limos( sedans and SUVs) , Sprinter Vans, buses, and hearses, with full body work restoration and repair capabilities of limousines , limo buses, Sprinter Vans and classic cars (upholstery and body shop with a 50 ft spray booth), and parts and accessories supply
2) Sales and brokerage of limousines, buses, vans, and luxury autos, domestically and internationally, with fleet of 7 limousines, 1 sedan and 1 limo bus in stock for sale (not included in asking price)
3) Limo and transportation services serving most of Southern California, with a fleet of 8 luxuries in style, super stretch limos (not included in asking price)
The business operates in a (34,000SF) lot in a (6,000SF) facility in the heart of Orange County, CA. It has 14 full time and 10 part time highly skilled employees, and sales in 2012 are expected to be around $1.2MM, with a Seller Discretionary earning of $300K.
Asking price is $1.1MM, which includes all Furniture, Fixtures, and Equipment (Estimated depreciated value of around $200K). The fleet of 15 limousines, 1 sedan and 1 limo bus needs to be purchased separately, with an estimated value of $400K ( total 17 vehicles ).
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