Listing Number: 60345-313170
Description
The Sellers recently left a national bedliner spray franchise and have successfully rebranded without any franchise affiliation or crippling franchise fees. The rebranding has reduced the COGS on the bedliner spray by 15%. Their seller's current location has been a spray and truck accessory shop for over 20 years. As the rebranding takes hold, the location will continue to grow their sales, but with a higher profit margin, since the national franchise was charging a much higher amount for their COGS. The Sellers have had to assume the expense of this rebranding which has an impact on their Net Operating Income. But there are signs the newly rebranded company is starting to show growth. All financials will be provided upon request. The benefit of owning this company is the location, lack of competition, consistent work with the local dealerships, and the ability to add other lines of revenue generating lines.
Sellers are motivated to sell and enjoy retirement.
Listing Details
- Price: $299,000
- Down Payment: $50,000
- Sellers Discretionary Earnings: $113,526
- Total Sales: $1,006,080
- Location: Kitsap County, Washington
- Inventory: $20,000
- FF&E: $40,000
- Employees: 4
- Year Established: 2004
- Reason for Selling: Owner Retirement
- Category: Automotive
