eCommerce Luxury Auto Parts. B2C wheels/tires/more

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Background

BizEx ID:BizEx1333-SL
General Location:Los Angeles, CA
Category: Automotive
eCommerce
Years in Business:7
Under Present Owner:7
Hours of Operation:9am - 6pm
Owner Hours:Varies
Training:4 weeks @ 30 hours
Organization Type:C-Corp
Lease Expiration:July 2025
Lease Options:
Building Size:5,000
Employees:7
Reason for Sale:Personal Reasons

Financials

Asking Price:$1,395,000
Down Payment:Negotiable
Gross Sales:$3,009,980
Discretionary Cash Flow:$391,937
FF&E:
Inventory Included?
Inventory:
Min. Operating Capital:
Real Estate Available?No
Rent:$6,500
Payroll:$20,000

2020 2019 2018
Gross Sales $ 3,009,980 $ 3,147,517 $ 3,502,629
Gross Profit $ 832,172 $ 824,273 $ 932,524
Disc. Earnings $ 391,937 $ $

Pictures


Description

A Direct to Consumer (DTC) Automotive Luxury eCommerce Retailer. Very well branded and in business since 2013. They provide consumers with multiple brand choices for wheels, tires, and other interior and exterior components.The market niche the company occupies is best described as Aftermarket Automotive Parts (with a distinct focus on aftermarket wheels, tires, and accessories). The company also operates a storefront with a service station embedded for installations.

  • 3.1M in revenue in 2019
  • 1.8M in revenue through July 2020
  • 90% of all customers are retail, while the other 10% are wholesale customers
  • 3 owners with 7 staff/employees (4 full-time and 3 part-time)
  • FF&E = $131,000 and Inventory of 50k+, buyer to reimburse seller at cost

 

Please contact Steve Lukes, M&A Advisor, 310-871-2909 slukes@bizex.net

or Eric Mellem, M&A Advisor, (310) 293-6414, emellem@bizex.net 


Download Setup Sheet



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




Eric Mellem
Business Broker/ M&A Advisor
4551 Glencoe Ave. #210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 01220802

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