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Auto Products Manufacturing & Distribution
Location Georgia,United States
Asking Price Range $500K - $1.0M
Gross Revenues $683000
Net Profit / Cash Flow $300000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1998
Number of Employees 20 - 34
Inventory 968000
Relocatable Yes
Number of Employees 20 - 34
Real Estate Leased
Training The owners will work to provide a smooth transition of the business.
Reason for Sale Health issues.
Description This company Manufactures and Distributes Auto Products, Auto Paints and Supplies. They sell directly to body shops, collision repair centers and auto dealerships. They have the support of the automobile insurance industry.
They currently serve most of North and Central Georgia from their North Metro Atlanta headquarters, but have unlimited geographic potential for growth.
The owner has invested over $1 million in the last 2 years to prepare the company for major growth.
The company has over 400 customers. No single customer represents over 5% of the business.
Sales in 2010 were $380,000. Sales in 2011 will grow by about 80% and reach about $683,000. Several new product lines were added in July of 2011. Sales of the new products along with the continued growth of the existing business are projected to reach about $2.9 million in 2012 and profits are projected to exceed $330,000.
The owner has developed health issues that need attention. As a result, he has decided to find a strong buyer that can see the opportunity and take advantage of the groundwork that has been laid. The buyer should have solid management, sales and marketing abilities to take over and grow this company.
Asking $695,000. $150,000 down & balance seller financed. Nearly $1,000,000 in FF&E and Inventory included in the sale. Call Ron Yurick - 770-667-2475.
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