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Murphy Business & Financial Corporation
1870 The Exchange
Suite 100
Atlanta, GA 30339
770-303-0044
Fax: 770-234-6165

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Listing Details - Wholesale/ Distribution of Racing Products

Listing#: 7113      SIC:       Business Type: Wholesale; Distribution
 
Default Image
 Status Inactive
Listed Price $2,280,000
Down Payment $550,000
Owners Cash Flow $606,953
Total Sales $1,538,071
 
   
   
 
  Contact Information
   
  Office: 770-303-0044
  Email: Send Email To Agent
   
   
   
   
Business Description
Wholesale/Distribution opportunity related to motor sports. Owner works approximately 15 hours per week. The company receives orders via fax and e-mail via a network of 350 dealers around the world. Dealers and Distributors are locked into a 3 year agreement to not sell a competing product! Few outgoing sales efforts take place currently. Company needs a sales/marketing strategy implemented for growth. Several untapped markets to pursue. Two full time employees. Qualified buyer will have $550K in cash for down payment and assets to secure a bank loan. Multiple SBA lenders have reviewed the information and are standing by for the opportunity to lend on this business transaction to a qualified buyer. Any structure that will allow the owner to stay and operate the business with a new owner or partner will be given strong consideration. Call Matt Slappey at 404-486-0350 for additional information.
 
Assets/Liabilities
Accounts Receivable Incl. Real Estate Incl.
Inventory $119,201 Incl. Yes Liabilities Incl.
FF&E $10,000 Incl. Yes Other: Incl.
Leasehold Incl. Total Assets $129,201
   
Lender Prequalified: No  
   
Financing/Terms Amount Mos Rate Mo. Pmt.
Loan/Assumable
Loan/Seller $224,000 60 5 $4,227
Other
 

Very little national and/or international competition. Owner has taken steps to make it difficult for competitors to compete in a cost effective manner.

There has been very little proactive selling effort from the company in the last 12-18 months. The owner works 10-20 hours per week managing day to day operations, etc…A new owner should institute a sales and marketing program to contact new and current customers and new potential dealers to increase market penetration. There are also several potential markets that have not been penetrated that can use this product. Owner estimates current market penetration at 25%.