Branded semi-absentee automotive safety eCommerce co.

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Under Contract

Background

BizEx ID:BizEx1286-SL
General Location:Los Angeles, CA
Category: eCommerce
Automotive
Years in Business:18
Under Present Owner:18
Hours of Operation:M-F 9am-5pm Pacific Time
Owner Hours:8am-10am
Training:flexible and willing weeks @ TBD hours
Organization Type:LLC
Lease Expiration:n/a
Lease Options:n/a
Building Size:n/a
Employees:6
Reason for Sale:18 years of doing this

Financials

Asking Price:$3,500,000
Down Payment:Negotiable
Gross Sales:$3,102,234
Discretionary Cash Flow:$779,991
FF&E:$0
Inventory Included?No
Inventory:$250,000
Min. Operating Capital:$30,000
Real Estate Available?No
Rent:$0
Financing:SBA

2020 2019 2018
Gross Sales $ 3,102,234 $ 2,573,287 $ 3,410,385
Gross Profit $ 1,483,943 $ 1,571,767 $ 2,071,195
Disc. Earnings $ 779,991 $ 643,780 $ 818,538

Description

* Under Contract*  Backup offers accepted

Overview

Well branded virtually operated eCommerce company in the automotive safety space with 18 years in business.  Their niche is providing backup camera solutions to the RV community and historical autos.  This company has strong margins that can be leveraged for expansion.  2020 financial performance exceeded 2019 numbers.

  • 2020 total revenue was 3.1M, with an EBITDA of 780k
  • Q1 2021 Revenue $699,773 v Q1 2020 Revenue $663,342, Q2 and Q4 are historically best months
  • Most aspects of this business are outsourced, things like customer support, sales, bookkeeping and fulfillment
  • There are two owners, one of them works about 10 hours per week and they other does not work on the business
  • They have an assistant that could be groomed to manage the business if desired by a new owner
  • The business has two part-time web developers, and those roles could be outsourced to a website service company for less than what they're paying today

Growth and Expansion Opportunities 

1. Wholesaling strategy to governments and other verticals, the wholesale revenue dipped in 2020 due to Covid  
2. Enhance SEO
3. Add more products in the automotive safety sector
4. Grow the business overseas   

For more information; please register and complete the Non-Disclosure Agreement at https://www.bizex.net/buy-business/register.

Steve Lukes, Business Broker, (310) 882-2200 ext 164, slukes@bizex.net. Lic#: 02092334 


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Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.




Steve Lukes
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 164
Direct: (310) 871-2909
Lic#: 02092334

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations