Retail - Automotive Dealers | Wholesale/Dist. - Durable Goods

Asking Price	$150,000	Inventory	$93,000*
Gross Income	Not Disclosed	Real Estate
Cash Flow	Not Disclosed	Year Established	1986
FF&E	$57,000*	Employees	1

* included in the asking price

** not included in the asking price

If you're a street rod enthusiast, you've found your calling. This is a decades-old hot rod/street rod auto parts supplier that is well-known and well-respected with collectors and restorers throughout the country. In addition to supplying standard street rod parts, the business owns several proprietary molds and castings for the manufacture of one-of-a-kind parts that are not easily available elsewhere. The business is maintained in a storefront location, but walk-in traffic is minimal as most sales are generated via catalogue and internet. The business has suffered in recent years as the owner has concentrated on other interests and health issues have interrupted the normal course of operation. As testament to the viability of the business, revenues for the 1995-2004 time period averaged $633,069 and were over $900,000 in 1998. Additionally, this is not a business that goes away or becomes technologically obsolete - people will always have an interest in the restoration of classic street rods. In order to induce a quick sale, the owner is willing to transfer the business for simply the value of the tangible assets the asking price of $150,000 equates to $19,505 for the proprietary molds and castings, $2,275 for packing equipment, $5,310 for office equipment, $6,885 for shop equipment and roughly $110,000 for inventory at owner s cost. The ultimate transfer price will be adjusted to reflect the value of the inventory at closing. In addition to the hard assets, the buyer will receive transition and training by the current owner, customer lists, fully-functioning web site, and the goodwill and name recognition that the business has earned over the years. The current location of the business will be made available to the ultimate buyer at a lease price TBDy. The owner is seeking a quick sale in order to address some pressing health issues and thus is offering the business at a price that is well below market.

Facilities: 5,000 storefront/shop that will be leased to the Buyer at a rate TBD.

Competition: Classic car restoration will never go out of style

Support/Training: As needed

Reason Selling: Health