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Award-winning E-commerce Company Focused on Automobile and Powersports Parts

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Specifications
EBITDA247000
Revenue26008000
Client CodeRET1261
EBITDA Range under-250K
Revenue Range 25M-50M
Sector Automotive
Region Southeast-US
Deal Structure Full-Sale
Headquarters-
Description

The offering is two legally separate businesses that operate cooperatively as an e-commerce site for business to consumer retail sales. The company currently specializes in automotive, wheel and tire, power-sports, towing, recreational vehicle, and marine products.

 

Key aspects

  • Compound annual growth in revenue of 22.2% from 2014-2017
  • Owner distributions have averaged $770K each year from 2015-2017
  • Holds long-term relationships with over 60 manufacturers and distributors
  • Recently launched marine product line, offering substantial opportunity for growth
  • Unique front-end software, allowing for website customization
  • Lists products on company website and four third-party sites: Amazon, Walmart, eBay, and Sears

 

Opportunities

  • Launch additional product lines to continue company growth
  • Bring distribution in-house in order to increase net profit
  • Create niche websites for jeep and power-sports product lines in order to reduce third party commission fees and increase net profit
  • Add mount and balance options to increase tire and wheel sales
  • Establish a retail store

 

Headquartered

  • Florida

 

Current markets

  • The company services the automotive, power-sports, and marine markets.

 

Real estate

  • The company operates in a 14,000 sq. ft. building leased from an affiliate-owned entity. 9,000 sq. ft. of the facility is a finished office space, whereas 5,000 sq. ft. is a shop and warehouse. Management notes there is room to expand in the current facility.

 

Shareholder/owner objectives

  • The company is jointly owned by three family members. The owners would like to execute a full sale in order to pursue other interests. They are willing to remain on for a transition period.

Key Indicators:

Year end

08/31/2018
YTD
$’000

12/31/2017
Tax Rtns
$’000
12/31/2016
Tax Rtns
$’000
12/31/2015
Tax Rtns
$’000
Revenue 26,008 33,631 30,599 21,215
Gross Profit 3,995 5,749 5,719 3,823
Adj. EBITDA* 247 561 876 720

* Profit before interest, tax, depreciation and amortization (non-cash items)