Niche Auto Parts Manufacturer. This company was started from scratch by the current owner 10 years ago. They operate out of a 10,000 sq. ft. facility on Long Island. The company has grown steadily over the past 10 years. In 2012 they had gross sales of approx. $2,500.000.00 with a Net Income of approx. $350K. 2013 sales are up with a projection of $4,000,000.00 in sales and a Net Income of over $400K. The asking price includes the cash flow, approx. $300K in receivables, approx. $500K in current inventory,and approx. $500K in custom equipment. 70% of sales are domestic with 30% to central America and Canada. Recent growth has been fueled by a weak US economy and consumers keeping their vehicles longer. In addition, there has been a strong demand outside of the US. The current owner will readily admit that he has grown the business to a point where he is comfortable, but knows a larger company or industry savvy individual would be best suited to take it to the next level. That is exactly the type of buyer we are seeking. Candidates must also be financially qualified and able to provide Proof of Funds for at least $1.5 million in liquid funds to cover any downpayment, working capital, inventory, etc. If you fit the criteria, please call or email Mel Vaz today at 1-877-735-5224
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