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High-Performance Engine Builder
Location Illinois,United States
Asking Price Range $250K - $500K
Gross Revenues $590000
Net Profit / Cash Flow $72000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1968
Number of Employees 6 - 9
Inventory $306,000.
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Leased
Training The owner is willing to train the buyer for some period of time.
Reason for Sale The owner wishes to pursue other personal endeavors.
Description Asking Price: $290,000.
Gross Income: $590,000.
Cash Flow: $71,710.
Furniture, Fixtures & Equipment: $174,350.
Inventory: $132,050.
Financing Info: The seller will consider some level of participation.
The business has been serving the needs of the regional professional racers and amateur enthusiasts for over four decades. International demand for the products has pushed this business in the last several years to the global stage. These products and services do not appear to be effected by macroeconomic conditions, can not be ''off-shored'' and benefit directly from a baby-boomer amateur enthusiast clientŠle with higher discretionary spending ability and fewer demands on their personal time. Regional and global demand for these products and services has been growing for decades, but the industry has experienced a resurgence due in some measure to the higher discretionary purchasing power of the baby-boom generation. At first glance from someone outside of the industry, the market appears crowded. The fact is that this business plays a crucial supporting role to these businesses through their long-time supplier relationships. New entrants could not hope to achieve the top of mind status this business enjoys throughout the region. The current owner is working less than two days per week in the business because of other personal and professional demands, and as a result there are no proactive sales or marketing initiatives. The business would benefit tremendously from an on-site owner/operator. Although the employees are able to fully function and maintain the business in the owner's absence, the employees would welcome the opportunity to improve the businesses performance and share in the financial rewards. The average employees tenure is 10+ years. The business enjoys an over 6,000 s/f custom designed facility in a location that is ideally suited for the business from both a local and regional perspective.
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