Growing Classic Car Sales & Restoration Shop! (17699)

Financial & Assets Details

About the Business

Business Description

Operating from our headquarters in Arizona, we purchase, restore and sell classic cars as well as provide restoration, collision repair, paint, interior, and fabrication services for owners of classic and other cars and trucks. We operate from a modern service center of approximately 12,000 square feet located on an acre of land near a large metropolitan city. We lease our facility from our owners, but you may elect to buy the property and lease our excess acreage until we experience more growth in the business. We generally have $2 Million to $3 Million in floor plan inventory primarily representing pre-sold dream cars and trucks for our high net worth international customers. Our repair customer base consists primarily of local residents who need vehicle restoration, collision repair, paint, interior, and/or fabrication services. However, a growing portion of our repair customer base comes from automobile “fix and flip” services for automotive auction clients. Revenue and Seller’s Discretionary Earnings for the year ended December 31, 2020 were $3.1 Million and $0.8 Million, respectively. During the past six years, our Seller’s Discretionary Earnings margin has been as low as 16.1% and as high as 27.4% and has averaged 23.6%. Revenue and Seller’s Discretionary Earnings are expected to increase significantly in 2021 with revenue expected to grow 50% or more. With a large customer base and solid reputation, we continue to attract new customers while maintaining our reputation with existing ones. The asking price excludes the property and the floor plan inventory from which the buyer can select starting inventory.

Seller Financing

Negotiable up to 20% for the right buyer.

Location Details:

Property is available for optional purchase outside of Asking Price!
Location contains Floor Plan Inventory of $3,000,000!

Support & Training

Owner Transition period of 6 - 12 months is desired.

Reason for Selling:

Approaching retirement and/or pursuing other interests.