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Absentee Owned Popular Car Audio & Tinting Business - Highly Profitable - SC2202
Absentee Owned Popular Car Audio & Tinting Business - Highly Profitable - SC2202
Asking Price: $1,490,000
Cash Flow: $500,000
Gross Revenue: $3,000,000
Down Payment: $1,490,000
This Northern California based Car Audio and Window Tinting Business is a California C Corporation and was established in 2005 and has been under current ownership since inception. This company specializes in car audio and electronics, window tinting, safety & security, and led lighting. They are the destination for brand name Subwoofers, Speakers, Amplifiers, Car Alarms, Remote Start, Bluetooth Receivers, Marine Audio, Video, and in-dash navigation. Some of the premium brands they carry include Rockford Fosgate, Wet Sounds, Pioneer, JL Audio, Kenwood Excelon and several others. Their lines of accessories include names such as PAC Audio, Stinger and Metra as well as many more.
Business Location
City: Northern California
State: California
Reason for Sale
The reason for selling is Seller are looking to pursue other interests.
Detailed information
Year Established: 2005
Home Based: No
Franchise: No
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Full-Time Employees: 3
Part-Time Employees: 7
Contractors: N/A
Owner Worked Hours/w: 5
Adjusted EBITDA: $500,000
Inventory Included: Yes
Inventory Value: $350,000
Monthly Rent: $4,000
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 2500
FF&E Included?: Yes
FF&E Value: $35,000
Training/Support
The Seller is willing to provide training for 4 weeks at 20 hours per week. Additional training from the Seller is available beyond what is included in purchase price at mutually agreed to terms between the Buyer and Seller.
Market Outlook/Competition
The global car audio market size was estimated at $8.56B in 2020. The market is projected to grow from $8.82B in 2021 to $13.52B in 2028 at a CAGR of 6.3% during the 2021 – 2028 period.
CA 02100708
NV 1003039
Listed By: Charise Morojo
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Background information
Reference:
SC2202
Year established:
2005
Reason selling:
The reason for selling is Seller are looking to pursue other interests.
Finance
Sales:
$3,000,000
Profits:
$500,000
Operations
Employees:
Full-Time Employees: 3 Part-Time Employees: 7 Contractors: N/A
Equipment:
FF&E Included?: Yes FF&E Value: $35,000
Inventory:
Inventory Included: Yes Inventory Value: $350,000
Furniture fixtures and equipment:
FF&E Included?: Yes FF&E Value: $35,000
Premises
Facility:
Real Estate Available: No Real Estate Included: No Real Estate Value: N/A Building Size: 2500 FF&E Included?: Yes FF&E Value: $35,000
Square footage:
2500
Rent and lease terms:
Monthly Rent: $4,000
Location:
Business Location City: Northern California State: California
Opportunities
Growth:
The global car audio market size was estimated at $8.56B in 2020. The market is projected to grow from $8.82B in 2021 to $13.52B in 2028 at a CAGR of 6.3% during the 2021 – 2028 period.
Market:
The global car audio market size was estimated at $8.56B in 2020. The market is projected to grow from $8.82B in 2021 to $13.52B in 2028 at a CAGR of 6.3% during the 2021 – 2028 period.
Price and terms
Price:
$1,490,000
Down payment:
$1,490,000
Financing:
Seller financing is not available at this time.
Training:
The Seller is willing to provide training for 4 weeks at 20 hours per week. Additional training from the Seller is available beyond what is included in purchase price at mutually agreed to terms between the Buyer and Seller.