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Thursday, September 09, 2010
Listing Details - Sports & Race Car Engine Manufacturing
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Sports & Race Car Engine Manufacturing
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Southwest Arkansas - Arkansas
| Seller Financing: |
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| Lender Pre-Qualified: |
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| Listing ID: |
67838 |
| Status: |
Active |
Listing Details
| Listed Price: |
$2,000,000 |
| Down Payment: |
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| Total Sales: |
$2,500,000 |
| SDE: |
$610,000 |
| EBIT: |
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| EBITDA: |
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| FFE: |
$700,000 |
Included? Yes |
| Real Estate: |
$300,000 |
Included? |
| Inventory: |
$600,000 |
Included? Yes |
| A/R: |
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Included? |
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| Reason for Sale: |
owner wants to sell and manage the business for a new owner |
| Training: |
owner will train and stay permenantly |
| Financing Terms: |
negotiable |
Operations
| Year Established: |
1993 |
| Last Acquired: |
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| Form of Ownership: |
S Corp |
| Home Based: |
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| Relocatable: |
Yes |
| Type of Location: |
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| Absentee Owner: |
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| Online: |
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| Employees: |
Full Time: 8 / Part Time: |
| Managers: |
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| Hours: |
7:30 to 6 pm Monday - Friday |
| Owner Hours: |
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| Non-Owner Payroll: |
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| Franchise Info: |
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Location
| Lease Expire: |
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| Option: |
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| Lease Terms: |
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| Lease Security: |
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| Monthly Rent: |
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| Square Footage: |
15000 |
| Facilities: |
The facility is on one acre, built ten years ago, and is in excellent shape - includes workspace, offices, parts room, and storage. |
Summary
| Business Description: |
This 15 year old company produces top level, high performance engines for luxury sports car owners and race car owners worldwide. The company has a strong brand name with a seasoned crew of skilled workers in a beautiful rural setting in Arkansas, approximately a one hour drive outside Little Rock. Sales revenues are 80% engines, 20% parts and labor. This niche business enjoys a high profit margin with lots of room for expansion. |
| Historical Summary: |
Started in 1993 |
| Owner Qualifications: |
The owner has a lifetime of knowledge in this industry and is wants to stay on to manage the business for a new owner. |
| Competition: |
This is one of a few companies worldwide that produce custom engines on this level. |
| Potential Growth: |
The current owner loves to build engines and doesn't have a passion for marketing. The business needs a new owner who could expand to new markets, expand the products and services offered, etc. The overseas market is already a key part of sales, and could be greatly expanded with additional efforts. The owner would also suggest producing complete, custom made sports cars in addition to engines. This has proven to be very successful on a limited basis. Currently, the owners attend very few car shows and do not employ a sales representative, leaving room for tremendous growth in these areas. |
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