High Performance Racing Business For Sale
www.GlobalBX.com
Listing ID:
70087914
Listing Title:
High Performance Racing Business For Sale
Quick Link:
http://www.globalbx.com/listing.asp?bId=87914
Industry:
Auto Related
Industry Segment:
Auto Parts Retail and Distribution
Country:
United States
State / Province:
Ohio
Area
City:
Asking Price Range:
$500K - $1.0M
Gross Revenues:
$530,000
Cash Flow:
$530,000
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
1969
Number of Employees:
4 - 5
Business Description:
High Performance Parts and Racing Engine Business for sale.
Asking price: $650,000.
Annual sales: $530,000.
Seller's discretionary earnings: $94,000.
Furniture, Fixtures, & Equipment: $263,586.
Inventory: $76,200.
This business has been well known in the industry for over 40 years building high performance and racing engines as well as selling high performance parts. Drag Racing is the main area of expertise but also builds many street/strip, marine, antique, and circle track engines. This business has seen consistent growth for many years and is still growing today with five full time employees that specialize in all necessary facets of the business. Sales numbers could easily be increased significantly with better management. The machine shop has been expanded and updated to cover any needed high end as well as basic machining needs. The business is set up as an S-Corp. in Ohio. There have been many warehouse distributor accounts set up over the years that enable components to be purchased at deep discounts. We have many of our own components that we make and sell that are unique to our company and a well developed website that receives much traffic. The business is for sale turn-key and can continue operation in its current location that is very well known with great highway access and a high traffic site with a lease or possible purchase arrangement. This is an incredible opportunity to get into a very well established, busy, profitable, and turn key racing business and will not be available for long. Owner has other interests and responsibilities.
To receive additional information please e-mail contact information and a brief summary of how you are financially able to buy the business. A representative of the business will return contact and a confidentiality agreement must be reviewed and signed in order for any further information to be exchanged.
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