eCommerce. Luxury Wheels/Rims and Parts. B2C. Large Base
Home / Listing / eCommerce. Luxury Wheels/Rims and Parts. B2C. Large Base
Background
| BizEx ID: | BizEx1399-SL |
|---|---|
| General Location: | Los Angeles, CA |
| Category: |
Automotive eCommerce |
| Years in Business: | 10 |
| Under Present Owner: | all |
| 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 and other career interests |
Financials
| Asking Price: | $1,195,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $2,398,497 |
| Discretionary Cash Flow: | $391,918 |
| FF&E: | |
| Inventory Included? | No |
| Inventory: | $50,000 |
| Min. Operating Capital: | |
| Real Estate Available? | No |
| Rent: | $7,600 |
| 2022 | 2021 | 2020 | |
|---|---|---|---|
| Gross Sales | $ 2,400,000 | $ 2,700,000 | $ 3,000,000 |
| Gross Profit | $ 769,000 | $ 800,000 | $ 806,000 |
| Disc. Earnings | $ 392,000 | $ 448,000 | $ 423,000 |
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.
- Gross revenue has declined from 2020 to 2022 but overall profits remain strong and healthy.
- Business does less volume but focuses more on higher margin sales. The gross profit % has increased year over year since 2020.
- Owners continue to focus on simplifying the business and eliminating extra costs/fees, more margin focused now rather than top line revenue
- Owners are in the process of subleasing to reduce the monthly rent expense. They have two floors at the shop but only need one floor. The entire second floor is in the process of being subleased out to a business that compliments
- 90% of all customers are retail, while the other 10% are wholesale customers
- 2 owners with 6 staff/employees (5 full-time and 1 part-time)
- FF&E = $125,000 and Inventory of 50k+, buyer to reimburse seller at cost
- SBA approved for the right buyer
Please contact Eric Mellem, M&A Advisor, (310) 293-6414, emellem@bizex.net
or Steve Lukes, M&A Advisor, 310-871-2909 slukes@bizex.net
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.
