Business Summary:
Direct to Consumer (DTC) Automotive Luxury eCommerce Retailer. 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 revenueOwners 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 compliments90% of all customers are retail, while the other 10% are wholesale customers2 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 costSBA approved for the right buyer Please contact Eric Mellem, M&A Advisor, (310) 293-6414, [email protected] or Steve Lukes, M&A Advisor, 310-871-2909 [email protected]
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