Profile: Class B RV Manufacturer. Established 20 Years. $1.5M Adjusted Net!
|
Ad/Listing Information
|
Contact Information |
 |
|
|
| Seller Or Contact: |
Steve Fitzgerald, Broker
|
 |
| Primary Phone: |
858-320-0474 |
|
| Alternate Phone: |
None Given |
|
| DRE Number: |
None Given |
|
| Email Address: |
Email This Advertiser |
|
| Date Started: |
10/15/09 |
|
| Date Last Revised: |
10/27/09 |
|
| BizBen Ad #: |
149459 |
|
| Financial Information |
Detailed Information |
|
| Asking Price: |
Call/Email |
| Down Payment: |
Call/Email |
| Annual Revenue: |
$9,000,000 |
| Annual Adjusted Net: |
$1,500,000 |
| Price Range: |
Over $2 Million |
|
| Franchise: |
No |
| Relocatable: |
Yes |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
No |
|
|
|
Description:
|
Twenty Year Old Class B Manufacturer Buys New ‘Bare Bones’ Van Chassis From Dodge, Ford And Gm Dealers And Customizes Them With ‘walk Around’ Interiors, Sleeping, Cooking, Sanitary And Many Other Creature Comforts Specifically To Meet An End Consumer’s Needs. They Sell Nationally Direct To Consumers (I.E. No Dealer Network) And Prior To The Current Credit And Economic Meltdowns, They Were Doing $9+ Million A Year In Revenue (Excluding The Chassis Flow-Through Revenues) And Enjoying EBITDA Of Approximately $1,500,000 Per Year.
These Class B Rvs Provide Owners Access To The RV Lifestyle Together With: {a} A Vehicle That Most Also Use For Their Daily Commute Needs, {b} Vehicles That, In Most Cases, Will Fit In Their Residential Garage, {c} 20 Year Financing, {d} Interest Deductions If The Vehicle Qualifies Under A 2nd Home Classification, And {e} High Resale Values.
In Addition To The Retail Rv Market, The Company Is Seeing An Increasing Demand For Specialty Vehicles For Many Governmental Uses, Including Search & Rescue Vehicles, Swat Vehicles, Emergency Response Vehicles, Etc.
As Credit Markets And The Overall Economy Return To Normal, Asg Expects To See Revenues Into The Mid Teens While Dropping 15% To 18% To EBITDA. New Owner Will Ideally Want To Grow The Company. Present Owner Is In Good Health, Loves The Business And Is Prepared To Stay For A To Be Agreed Upon Period Of Time For Both Transition And Beyond. Middle Management Is In Place.
The Transaction That Will Most Probably Be Acceptable To Both Buyer And Seller Is An Asset Sale Involving The Cash Payment Of The Net Asset Value (Inventories, Ar, Prepaids, Fixed Assets At Book Value Minus Ap) + A To Be Agreed Upon Series Of Contingent Payments That Will Be Determined By Future Profitability Of The Company.
Business Is Located In California And Can Readily Be Relocated; However, Should Definitely Remain On The West Coast.
|
For More Info Call: (Please Mention You Saw This Ad On BizBen):
Steve Fitzgerald, Broker at 858-320-0474 |
See All Our Other Businesses For Sale We Have Available
|
|
