Mfg. - Miscellaneous Manufacturing | Services - Auto Repair, Parts & Svcs

Asking Price	$345,000	Inventory	$15,000**
Gross Income	$443,038	Real Estate
Cash Flow	$120,000	Year Established	1986
FF&E	$360,000*	Employees	4 full time

* included in the asking price

** not included in the asking price

If you love street rods, vintage cars & trucks and know something about manufacturing, this business is for you. The company produces fiberglass replicas of steel parts for several makes and models of vintage vehicles. The parts are hand made from skilled employees using molds created from the original steel parts. Once painted, they look so authentic you can t tell the difference. Their customers are auto enthusiasts and restoration shops from all over the world and over 40 dealers. The business was started over 20 years ago and purchased by the current owner in 2005. Under his ownership sales have increased yearly. However, the seller reinvested his earnings in new tools, molds and improved facilities. He is over extended and can t maintain the proper cash flow to continue the growth. His pain could be your gain!

Facilities: A significant amount of shop equipment is included in this purchase as well as molds for running boards, front fenders, rear fenders, grill bars and 56+ car and truck molds totaling $360,000. There is also a successful web site with an on-line catalog. At the end of '07, the shop was relocated to a leased facility with 5000 mfg. sq. ft. & 1675 storage sq. ft. The expansion offers improved ventilation for fabrication, better storage for molds, and optimization for volume production. The access road is unpaved, but will be improved by the city.

Competition: The competition is more national in scope for these specific parts. Due to the expense involved in producing molds, manufacturers tend to specialize by brands and model years. Loss of revenue to the competition is more a direct result of parts not being immediately available causing buyers to shop based on delivery dates.

Growth/Expansion: With recent move to a better facilities and investment in equipment and molds, this company is well positioned for growth. By adding a field salesman, more than 30+ existing dealers could be encouraged to increase their orders and new dealers would be added. Focusing on dealers with higher production part requirements, productivity and profits would increase profits. In addition, more makes and models can be added to the customer base. The shop could easily accommodate other products requiring fiberglass fabrication.

Support/Training: The owner is willing to work part time with the seller over several months to assume a smooth transition

Reason Selling: Insufficient working capital to grow the business