Unique Manufacturer of Antique Car Upholstery Kits

Knoxville, TN (Knox County) (Relocatable)

Seller Financing Available
Unique Manufacturer of Antique Car Upholstery Kits

Asking Price:$199,900

Cash Flow:$65,000

Gross Revenue:$175,430

EBITDA:N/A

FF&E:$125,000

Inventory:$35,000

Established:1991

Unique Manufacturer of Antique Car Upholstery Kits

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Business Description

Be the only source for your customer! No competition!

The business was established in 1991 by the sellers. This business produces museum quality, original type, complete upholstery and interior kits for car collector automobile restorations, and custom upholstery for various models of custom cars. The items are shipped to our customers in kit form. We do not install kits. The company has operated in Knoxville, TN since its opening, and up to present. The business has a well established reputation within the collector community and is a valuable good will asset to the business. Market fundamentals are sound and largely untapped, with no direct competitors. There are close to 13,000 members in this collector car club worldwide, owning close to 20,525 automobiles. Each of these members receives the monthly magazine. This represents around 45% of owners, and most own two or more collector automobiles. We advertise in two different areas, magazine (which is viewed by each collector member) and our website. We keep at least five months of secured work in house at all times and the company has no liabilities.

We receive 50% deposit to start complete interior kits and the balance is received before the final items have shipped. This keeps the cash flow balanced and interior items are paid for before they go out the door. We also ship worldwide to Europe, New Zealand, Australia and Canada. We are positive the future is secure. When the dollar slips on the world market, old car values increase. This encourages people with old cars to spend money on their projects, it therefore increases business in a niche market such as this. Automobile values continue to increase in value year after year.

If this sounds like the business for you, call me ASAP, David Meislin, 315 292 6876.

Note: Price reduced by $100,000. Owners are anxious to retire.

Detailed Information

Inventory:
Included in asking price
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The manufacturing is being run out of a building owned by the seller. The business requires a commercial space of about 3,000 sq. ft.
Competition:
There is no competition. The seller is the only manufacturer of automobile upholstery kits for this collectible group of antique cars. The current waiting list is 6 to 7 months long.
Growth & Expansion:
Additional workers would grow the sales and increase the profits. there is plenty of room for price increases.
Financing:
Negotiable.
Support & Training:
The seller will provide the buyer with full support and training. It would be helpful if the buyer has some experience in the upholstery industry.
Reason for Selling:
Retirement.

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David Meislin

Business Listed By:
David Meislin

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