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High Performance/racing services shop
Location Maryland,United States
Asking Price Range < $250K
Gross Revenues $233890
Net Profit / Cash Flow $40159
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2000
Number of Employees 1 - 3
Inventory 147410
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training 30 days
Reason for Sale relocation- Medical
Description Unique opportunity to step into an advanced stage start-up business where the seller has absorbed all of the traditional losses associated with a new venture. Seller has invested all of the earnings in state-of-the-art high tech equipment over the past two years, taking no salary or benefits, and is now forced to sell and relocate due to family medical problems. The primary focus of the business is to provide inOne Stopin high performance/racing automotive service specializing in the Sport Compact Market.
They provide high performance engine building, custom turbocharging and supercharging, complete EFI/engine management tuning using their inin- housein Dynojet chassis Dynomometer, as well as performance and racing supply sales. Since inception as a home based business in 2001, the company has experienced a rapid growth in revenue of 303% when they moved to the present location, and 21% in 2003 evidencing the demand for such specialized services in conjunction with the growth of the NASCAR industry. Projection for 2004 could easily show an additional 25-30% increase in sales. All of the growth has been the result of referrals as virtually no sales or marketing efforts have been employed by the seller. The company is located in a developing automotive park among other related automotive specialty shops.
The company is now approaching its break-even point and is able to afford the owner a modest salary while moving towards increased profitability. With a concerted effort to increase revenue through an aggressive marketing program directed at dealerships in the MD/DC/VA area, development of marketing materials, expansion of an internet parts sales program, and a presence at local racing events, a new owner with technical competency and a sense for business, could rapidly grow the revenue stream and profitability by increasing the productivity of the substantial investment in the high-tech performance equipment already in place.
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