Address: Sacramento,
Status: Active
Posting ID: 277304
3/22/23
$975,000
Asking Price
Description
This Northern California-based car audio and window tinting business is a California Sub-Chapter S Corporation and was established in 2000 and has been under the current ownership since 2020. This company specializes in car audio and electronics, window tinting, safety & security, and LED lighting. With 2 locations in Sacramento County, they are the premium brand in car audio.
They are the destination for brand-name subwoofers, speakers, amplifiers, car alarms, remote start, bluetooth receivers, marine audio, video, and in-dash navigation. Some of the premium brands they carry include Rockford Fosgate, Wet Sounds, Pioneer, JL Audio, Kenwood Excelon, and several others. Their accessories include names such as PAC Audio, Stinger, and Metra as well as many more.
The global car audio market size was estimated at $8.56B in 2020. The market is projected to grow from $8.82B in 2021 to $13.52B in 2028 at a CAGR of 6.3% during the 2021-2028 period. The global impact of COVID-19 has been unprecedented and staggering, with car audio witnessing a negative demand shock across all regions amid the pandemic. Based on the analysis, the global market exhibited a decline of 4.6% in 2020 as compared to the average year-on-year growth during 2017-2019.
The rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels since the pandemic is over. Growth can be obtained by increased marketing as well as Tesla/electric vehicle window tinting, adding clear coating, and doing wraps as well. Current marketing is based on the internet as well as text messages, some radio, and Pandora. More strategic advertising and social media would drive up sales as well.
The seller is willing to provide training for 2 weeks at 20 hours per week. Additional training from the seller is available beyond what is included in the purchase price at mutually agreed terms between the buyer and seller. The reason for selling is that the seller is looking to pursue other interests.
Year Established: 2000
Home-Based: No
Franchise: No
Relocatable: No
Required Licenses:
Is Property Leased: Yes
Real Estate Included: No
Real Estate Available: N/A
Real Estate Value: N/A
Part-time Employees: 1
Full-time Employees: 12
Building Size: 7,600 sq ft.
Monthly Rent: $6,500
Financial Information:
Asking Price: $975,000 Cash Flow: $347,365 Gross Revenue: $2,197,632
Down Payment: $975,000 Financing: No FFE (Included): $60,000 Inventory: $250,000
Broker: ProEquity Asset Management Corporation License ID: 01870526
To get more information about this Car Audio And Window Tinting Company - Absentee business for sale in Sacramento please phone Adriana Sargent (Intermediary - BRE License #:02103897) at 408-981-7799 Call and 408-981-7799 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #277304 on BizBen.com. In addition to phoning Adriana Sargent, make sure you email Adriana Sargent above to get more info about this Car Audio And Window Tinting Company - Absentee, to ask any questions or request an appointment to see this business for sale. Thank you. License # 02100708. Sunbelt Business Brokers.
Contact
Details
Asking Price: $975,000
Down: $975,000
Cash Flow: $347,365
Revenue: $2,197,632
Area: Sacramento
City: Sacramento
Attributes:
My Notes About This Listing
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$
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Cash flow
$N/A New Franchise
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$Send Form
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Cash flow
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Revenue
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Down
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Cash flow
$0
Revenue
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Down
$
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Cash flow
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Revenue
$Call/Email
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Cash flow
$N/A
Revenue
$N/A
Down
$
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Cash flow
$N/A New
Revenue
$N/A New
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$Send Form
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Cash flow
$Call/Email
Revenue
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Down
$Call/Email
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
$
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Cash flow
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Revenue
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Down
$Call/Email
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Cash flow
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Revenue
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Down
$78945
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Asking Price
$100,000
Cash flow
$N/A New Franchise
Revenue
$N/A New Franchise
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Cash flow
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Revenue
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Down
$Call/Email
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Cash flow
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Revenue
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Down
$75,000
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Down
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Cash flow
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Revenue
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Down
$Call/Email
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Revenue
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Down
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Revenue
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Cash flow
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