Absentee Owned Popular Car Audio & Tinting Business - Real Estate Included - SC2200

Financial Information
Asking Price: $1,490,000
Cash Flow: $50,000
Gross Revenue: $800,000
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: 2004
Home Based: No
Franchise: No
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Full-Time Employees: 1
Part-Time Employees: 2
Contractors: N/A
Owner Worked Hours/w: N/A
Adjusted EBITDA: $50,000
Inventory Included: Yes
Inventory Value: $150,000
Monthly Rent: N/A
Real Estate Available: Yes
Real Estate Included: Yes
Real Estate Value: $1,250,000
FF&E Included?: Yes
FF&E Value: $15,000

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. Growth can be obtained by increased marketing as well as Tesla/electric vehicle window tinting, adding clear coating and doing wraps as well. Current marketing is based on internet as well as text messages, some radio and Pandora. More strategic advertising and social media would drive up sales as well.

CA 02100708
NV 1003039

Listed By: Charise Morojo

Background information

Reference:

SC2200

Year established:

2004

Reason selling:

The reason for selling is Seller are looking to pursue other interests.

Finance

Sales:

$800,000

Profits:

$50,000

Operations

Employees:

Full-Time Employees: 1 Part-Time Employees: 2 Contractors: N/A

Equipment:

FF&E Included?: Yes FF&E Value: $15,000

Inventory:

Inventory Included: Yes Inventory Value: $150,000

Furniture fixtures and equipment:

FF&E Included?: Yes FF&E Value: $15,000

Premises

Facility:

Real Estate Available: Yes Real Estate Included: Yes Real Estate Value: $1,250,000 FF&E Included?: Yes FF&E Value: $15,000

Rent and lease terms:

Monthly Rent: N/A

Location:

Business Location City: Northern California State: California

Opportunities

Growth:

Growth can be obtained by increased marketing as well as Tesla/electric vehicle window tinting, adding clear coating and doing wraps as well. Current marketing is based on internet as well as text messages, some radio and Pandora. More strategic advertising and social media would drive up sales as well.

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. Growth can be obtained by increased marketing as well as Tesla/electric vehicle window tinting, adding clear coating and doing wraps as well. Current marketing is based on internet as well as text messages, some radio and Pandora. More strategic advertising and social media would drive up sales as well.

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.