Restoration of classic cars is a rapidly expanding business that is popularized by celebrities and cable channels. With an aging population of retirees with money, the business is booming.
This is a business that is very different than a body shop or auto mechanic shop. It requires a specialized skill and level of craftsmanship that can accomplish refinishing for a wide variety of makes and models. This very successful business has the team, the process, the experience and reputation which makes it a leader in it's field. The secret sauce is it's process for finding potential clients and converting them to paying customers.
The business is growing annually by ~24% and profits are growing with sales. Owner is ready for retirement and looking for the right person to lead this company through this rapid growth cycle. The successful buyer should have a passion for automobiles and a high attention to detail. The current cash-flow generates a 20% ROI for a buyer who uses leverage to purchase the business.
25,000 square foot indoor facility with neighboring secure parking lot in heart of metropolitan marketplace. Includes separate work space for upholstery & metal fabrication along with 2 paint booths. Large work floor is segregated to include sections with vehicle lifts and other areas for disassembly and assembly. Large front showroom and delivery center featuring displays, completed projects and future projects. Located on major city street with full signage and large windows displaying showroom, this space is centrally located to serve customers throughout North America.
The company has built a durable competitive advantage with it's process of generating leads nationwide, providing excellent information and education to its potential clients regarding the entire process, established a quote and payment system which prospects understand and accept and a full process for service during and after the sale. There leads are increasing month over month and their conversion rate is >75%. This is a business that has historically required a large amount of face to face interaction with the customer and this company has transformed that process so that they rarely meet the customer before the project is finished. This process is protectable and could be marketed to other competitors globally as a licensing or franchising process / product.
The competition is primarily Mom/Pop sole proprietors characterized as skilled craftsmen who generally do 1 or a few projects at a time. Competitors struggle to grow beyond lifestyle businesses and often have spotty references because each job is unique.
Seller is providing 30 days transition services included in asking price. Seller is also available for additional services / consulting based upon buyer needs.