Manufacturer & Distributor Of Pickup Truck Caps

Business Overview:

2024 Sales thru August 31st are $620,000 and bottom line net income for that 8 months is $94,000 That's net profit after owners salary. Let's see what the next 4 months of 2024 sales and profits are - this is a very attractive business opportunity. This is a Monday - Friday business so you can have a family life, or you can open up Saturday and capture more business. The Florida pick-up truck market for pick-up bed caps quite large. And commercial businesses buy pickup truck caps. This Company makes the aluminum caps commercial businesses want, and is a dealer for several national top manufacturers. So you have best of both worlds. This is a very easy business to learn. The owners will teach you and stay on part time if you like for a few months.

This business purchases components from vendors and then they (manufacture), assemble into custom hand-made aluminum Pick-up truck caps. FOUR employees do assembly - you would work the counter and sell the tops and learn this business while you own it. The customers are retail, dealer & commercial accounts. Other Cap dealers in Florida purchase these custom made aluminum tops from this business. The business is open Monday thru Friday - you can have weekends off or open-up on Saturday. The 2023 Sales were $758,000 an increase of $109,000 over 2022 sales of $649K. So another great sales year in the making. All orders have hard money deposits. It was a good year last year for sales and profits. This business is quite sound and profitable. With 2 people running the business use to sell $1 & 1/2 million a year; with 1 does ok.

The Business is relocatable within the county (due to dealership agreements), and has a number of regional accounts, dealer accounts & fleet accounts, besides loyal regular one-off customers. Many repeat customers. This is because they manufacturer custom made pickup truck tops to their customer requirements; and also sell several national brand tops as well. This is one of the most well-known and established and prominent truck cap dealers on the center of Florida's east coast area.

The business sells custom tops to large regional well known name accounts, and even across the coast east to the Tampa area and south to Miami. Has several out-of-state accounts. Website referrals and word-of-mouth sales are indicative of the strong reputation this business has for service and quality products with customers. In prior years, the business would generate more than $1 million plus in sales revenue.

The combination of word-of-mouth referrals and website referrals are a testament to the widespread positive reputation of this business for quality and customer service. The business has a “truck cap niche” in hand-building tops. Wholesale dealer accounts and fleet accounts from many parts of Florida purchase truck tops from this manufacturer-dealer. Previously delivered to accounts outside of Florida. Good size backlog as customers “plunk” down deposits and wait weeks.

Owner wants to retire and a new owner can take it to the next levels of revenue and profits. It is not out of the question to envision future sales in the $1.0 to $1.5 million dollar plus range as under the prior team management structure. In the last several years the business has averaged $500,00 to $758,000 in sales. The seller takes out a good salary.

No financial numbers have been added in, or re-constructed. Owner takes out a nice salary which is shown in a separate line item on the P&L. The sale price of this business was developed using the small business multiplier of 3 times net income to develop selling price.
Don't pass this great business by. Seller is paid a healthy salary. Contact Frank Balzer at 407-972-3190 Extension 22

Property Features and Assets:

Included in the sale are all the assets presently used to make the tops and sell the tops. Including the business name, domains, phone lines, etc. Not included is metal & steel inventory which will be sold to the buyer at cost.

NOTE: Due to dealer affiliations, business is relocatable only within the County it is presently located in now.

Market Competition and Expansion:

It is a competitive market but most of their sales are word of mouth - that's what you get after being in business over 50 years. This business is well established and well known.

Reason for Selling:

Retirement

Additional Details:

Relevant Links:

• View more Florida businesses for sale
• View more Businesses For Sale in the same industry
• Sell a business online
• Find a business broker