Niche Auto Parts Manufacturer. This company was started from scratch by the current owner 16 years ago. They operate out of a 10,000 sq. ft. facility on Long Island. In the past year they had gross sales of approx. $1,500,000.00 with a Net Income (incl. receivables) of approx. $350,000.00. THE ASKING PRICE INCLUDES $250K IN NET INCOME, APPROX. $100K IN RECEIVABLES, APPROX. $600K IN CURRENT INVENTORY AND APPROX. $400K IN CUSTOM EQUIPMENT! 70% of sales are domestic with 30% to central America and Canada. There has been a strong sales 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 $1.35 million in liquid funds to cover any downpayment, working capital, inventory, etc. If you fit the criteria, please call Mel Vaz at 1-877-735-5224.
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