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Jeff Johnson

Buy Your Very Own Vehicle Electronics Retail & Installation Shop

Murphy Business Staff | Friday Aug 24, 2018

FOR SALE: Vehicle Electronic Retail & Installation Shop

Location: Northern Wake County
Asking Price:  $400,000
Down Payment:  $80,000

Business Description: Adapting to continuing changes in technology, this business specializes in aftermarket & customized installation of GPS systems, Remote Start installations, security systems, audio and Bluetooth systems, and LED lighting for boats & ATVs. The Company has a reputation for high quality and innovative vehicle electronic system installation & repair.


Operating Performance

 

2016

2017

2018**

Net Revenue

$631,000

$527,000

$627,000

Seller’s  Discretionary Earning

$183,000

$135,000

$161,000

**2018 financials based on annualized actuals from 06/30/2018

FF&E*:  $13,000

Inventory*:  $109,000

*Included in Asking Price

Year Established:  1999

Employees:  4

Management Functions/Licenses: Owner’s role can be flexible and focus on the area(s) that are best fitted to their strengths and desires, choosing to operate the company as owner/operator or owner/manager.

Assets:  This business has tools and equipment that are used in the vehicle customization process.

Facilities:  The business enjoys a prime location in a high-traffic area. 3000 square feet of space allows for demonstration areas as well as installation facilities.

Customer Base:  The Business relies firmly on “Word Of Mouth” marketing, a strong referral network, and multiple long established relationships with local partners throughout the marketing area.  The Business has high customer loyalty and reliable repeat business. The owner estimates that 60% of customers are returning and repetitive as vehicles are purchased and technology changes.

Growth/Expansion:  The Business’ name and location are readily recognized in the area. Customer growth is only constrained by the ability to take on new clients and perform more installations.

Financing:  If desired, the Seller will provide seller financing up to $50,000 to a qualified buyer for 120 months at 7%.

Support/Training:  Seller will provide transition training for up to 4 weeks at $4,000 cost.  Additional support available on a consulting basis.

Reason For Selling:  Owners have established and grown this business for 18 years and are now looking forward to their next challenge.

For more information, please contact:
Heather L. Holding
Murphy Business & Financial – Raleigh
h.holding@murphybusiness.com
919-719-2717

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