Vital to the Automotive Industry
| Asking Price: | $2,100,000 |
| Gross Revenue: | $2,378,833 |
| FF&E: | $115,800 |
| Cash Flow: | $859,740 |
| EBITDA: | $54,884 |
| Established Year: | 1990 |
Automotive lifts are a crucial part of the automotive industry that few think about. They are vital to car dealerships and independent repair garages. The Business is a $2.3 million dollar company selling and repairing automotive lifts for new and used car dealerships and independent car garages.
Getting cars in the air is an expensive business with lifts more often repaired than replaced. Slow car sales and lift sales lead to a rise in service requests, making the Company truly recession-proof.
Their mission is to get more cars in the air. Quality service, honest customer service, and speedy shipping make it easy for car dealerships to love them. They sold and/or serviced lifts for 132 customers over the last 12 months, Sept 2023-2024.
The Company averaged $2,390,692 in revenue between 2020-2023. The Seller effectively reduced the Cost of Sales from 74% to 65% of revenue between 2022 and 2022, leading to a significant 28% boost in the Cash Flow Margin to 36% in 2023.
A Buyer dedicated to growth would do well with this automotive lift company. They have only begun to expand their client base outside the local area. A dedicated salesperson and additional technicians will set up the Company for long-term growth.
