Thriving Automotive Wiring Manufacturer For Sale

California

Seller Financing Available

Cash Flow:	$650,000
Inventory:	$393,000
Established Year:	1989

Gross Revenue:	$3,000,000
FF&E:	$290,000

Listing ID: 2308677Listing provided by BizBuySell

BUSINESS DESCRIPTION

This multi-million-dollar enterprise specializes in the manufacturing of high-quality wire and cable harnesses, switch panels, and dashboards for the OEM automotive and marine industries. Serving two high-demand industries, the company has sustained steady operations for over three decades.

Based in the southwestern United States, the company has earned a strong reputation for its expertise, with an impressive 95% of its $3M in revenue generated from loyal, repeat customers. The remaining 5% comes from organic word-of-mouth referrals, underscoring the company's strong client relationships. With such strong customer retention, the company has not implemented any formal advertising efforts, offering a prime opportunity for a new owner to introduce strategic marketing and unlock further growth potential.

Additionally, the company is currently operating at just 40-50% capacity, as the owners have deliberately chosen to maintain a manageable operation, despite numerous opportunities for expansion over the years. This untapped capacity offers significant upside potential to scale the business in both market share and profitability.

All company operations are managed by a capable General Manager, with the business having successfully operated for several years under a predominantly absentee ownership model.

View video CIM & sign NDA at the link below.

DETAILED INFORMATION

Location

California

Inventory

Not Included in asking price

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

The current facility is a 7,000 sq ft. with production areas along with a shipping and receiving bay, and a separate office area in the surrounding area. Total assets of $1.7 Million.

Competition

With no current competition in the region and a proven track record of customer retention, the business is well-positioned to expand further without the threat of losing market share. They has recently invested in new equipment, such as a battery cable machine, to tap into the rapidly growing market for electric vehicles, club cars, and side-by-side vehicles, which all require battery cables. With the right focus, the company can quickly expand its offerings to cater to this burgeoning market segment, opening up new revenue streams.

Growth & Expansion

The company is poised for substantial growth, with the opportunity to leverage underutilized capacity and further accelerate its upward trajectory. The avenue to growth would likely necessitate a dedicated sales force and business development efforts. By actively pursuing new clients through targeted sales strategies, a new owner could easily expand the customer base and capitalize on the company’s well-established reputation for quality and reliability.

Support & Training

One Owner currently oversees administrative & financial aspects of the business, while the other focuses on design, prototyping, & customer relations. These key roles will need to be filled by a new owner or their appointees, but both Owners have already ensured that the business structure is strong and capable of supporting a smooth transition.

Reason for Selling

Retirement

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