Custom Car Audio, Lighting & Electronics Retailer

Business Overview:

This well-established and profitable car and truck accessories business specializes in custom car audio and video electronics, lighting, window tinting, and custom accessory solutions, serving a diverse customer base of automotive enthusiasts and everyday motorists. The business boasts a proven track record, consistent revenues, and robust manufacturer relationships that provide a competitive edge in pricing and product availability within the thriving automotive aftermarket sector.

Customers value its "one-stop-shop" convenience, expert installations, quality services, and a comprehensive product lineup that keeps pace with the latest trends in automotive customization. An optimal location, a custom-designed installation shop capable of accommodating RVs, and a dedicated, knowledgeable team further enhance its stellar reputation among both new and returning clientele.

Since its inception, the business has reported a growth in the Revenue and Net Profit during 2022 and 2023. The revenue in 2024 declined due to overall economic softness and the seller focusing on launch of his other business venture. The business has recorded average sales of $331,904 and a Seller Discretionary Earnings of $88,805, supported by an established client base and experienced technicians. This acquisition represents an excellent opportunity for entrepreneurs eager to enter the industry and scale both the business and its sales.

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Property Features and Assets:

Monthly Rent: $3,887.00

Square Units (Foot, Meter): 1,315

Lease Expiration Date: May 31, 2031, 1:00:00 AM

Terms Options: Extension of the lease is to be negotiated with the Landlord

FF&E Overview:
Asset and Inventory List:

Store, Signs & Miscellaneous
- Store Sign(exterior)
- Wall display logo
- 2 Wall-mounted displays
- Reception counter
- Security system(16 channels)
- 8 cameras

Garage
- Custom lighting
- Air compressors
- Toolbox (tools not included)
- Storage shelves
- Glass guard
- 14 x 12 special door
- Clear coat floor

Inventory Storage Room
- Storage shelves
- Saleable products

Customer Lounge
- Displays
- 2 TVs
- Lounge furniture(chairs, tables)
- Microwave and Coffee maker

FF&E General Condition: Good

Market Competition and Expansion:

Competition:

The shop is equipped with high-quality tools and advanced technology for automotive work and is supported by an entrepreneurial team with a combined 20+ years of industry experience in technical and sales roles. It boasts a custom-designed installation workshop that can accommodate larger vehicles, including RVs and marine boats, and is certified to install a variety of audio and video equipment, including security systems. Their comprehensive installation services range from stereos, security and video systems to window tinting and more, consistently delivering the highest quality work.

Expansion:

To enhance its reach and customer engagement, the store should develop a user-friendly website with robust eCommerce capabilities to optimize its online presence. It can also provide offsite installation services at customers' locations for RVs, boats, and other large vehicles, ensuring convenience and accessibility. Collaborating with local auto dealerships, customization shops, and car clubs will help the store build exposure and generate referral business. By using targeted SEO strategies and maintaining active social media engagement, the store can effectively connect with both local and national automotive enthusiasts. Expanding its services to include the installation of dash cams and other emerging automotive trends will cater to growing market demands. Also adding wireless phone and accessory sales, along with repair services, will diversify the store's offerings and broaden its appeal to a wider customer base.

Reason for Selling:

Additional Details:

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