Profitable Automotive Accessories Company for Sale in Coeur d'Alene, USA
For Sale: Company with a patented integrated locking and tightening security system for vehicle covers.
| Established | 5-10 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | USD 120 thousand |
| Run Rate Sales | USD 120 thousand |
| EBITDA Margin | 26 % |
| Industries | Automotive Accessories |
| Locations | Coeur d'Alene |
| Local Time | 3:51 AM America / Whitehorse |
| Listed By | Management Member |
| Status | Active |
Full Sale
Asking Price:
USD
1 million
(Native Currency: USD 1,000,000)
Reason: Retiring due to age and health.
Valuation is based on patents and business goodwill.
Valuation is based on patents and business goodwill.
Includes physical assets worth
USD
400 thousand
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Business Overview
- The company specializes in innovative automotive accessories, primarily offering the world's only patented integrated locking and tightening security system for vehicle covers.
- Located in Coeur d'Alene, the business operates with a small team of just 3 employees, allowing for agile decision-making and personalized customer service.
- The unique product includes both manual and electronic versions of the integrated system, which has been successfully tested against wind speeds of up to 100 mph.
- The vehicle cover features a nylon cord with a stainless steel insert, meticulously sewn around the bottom, creating a secure fit that significantly reduces the risk of theft or damage from severe weather.
- The product is marketed globally, with potential sales channels spanning North America, Mexico, South America, and the European Union, where high vehicle ownership presents a vast customer base.
- At an average retail price is approximately $500, consumers receive a five-ply vehicle cover along with the locking system and a convenient duffel bag for storage, providing excellent value.
- The business enjoys a gross profit of around $250 per system sold, contributing to its profitability as it scales operations in the lucrative global automotive accessories market.
- Located in Coeur d'Alene, the business operates with a small team of just 3 employees, allowing for agile decision-making and personalized customer service.
- The unique product includes both manual and electronic versions of the integrated system, which has been successfully tested against wind speeds of up to 100 mph.
- The vehicle cover features a nylon cord with a stainless steel insert, meticulously sewn around the bottom, creating a secure fit that significantly reduces the risk of theft or damage from severe weather.
- The product is marketed globally, with potential sales channels spanning North America, Mexico, South America, and the European Union, where high vehicle ownership presents a vast customer base.
- At an average retail price is approximately $500, consumers receive a five-ply vehicle cover along with the locking system and a convenient duffel bag for storage, providing excellent value.
- The business enjoys a gross profit of around $250 per system sold, contributing to its profitability as it scales operations in the lucrative global automotive accessories market.
Products & Services Overview
We have the only manual and electronic integrated tightening and locking system for vehicle covers. Our cover has been tested in wind tunnel conditions of 100mph with complete success each time.
Assets Overview
Main physical assets include office equipment and inventory.
Facilities Overview
Our system is manufactured at Altec in Washington State, approximately 10 miles from our corporate headquarters. The nylon cord is manufactured in Road Island, and our vehicle covers are being manufactured in China and shipped to the United States. All are manufactured as per our specifications.We have a rented office space in Idaho.
Capitalization Overview
The funding for the business has been solely self-funded, including all legal fees for the manual and electronic tightening and locking system patents. The managing general partner's ownership percentage is 55% and the rest is with another partner.
Recent Activity
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Earlier than 15 daysManaging Director, Manufacturing Of Auto And Railway Components, Jamshedpur, Corporate Investor / Buyer connected with the Business
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