Price:$3,500,000
Revenue$2,820,000
Cashflow$665,000
Based in Illinois for over 15 years, this company distributes electric motors for conversions in cars, boats, racing vehicles, off-road vehicles, industrial equipment, etc.
They have 89+ authorized dealers who can only purchase these electric motors, systems, and collaterals from this company.
In addition to their well-established dealer relationships, they have a long-term exclusive manufacturing contract with a tier-one electric motor & inverter manufacturer.
All brochures, user manuals, and technical manuals are copyrighted and solely used by their customers. – Their electric motor product names are well known in the industry and are trademarked to ensure exclusivity in the market.
2021 cash flow was roughly $665k. — This is a turnkey, well-established business with massive potential as the EV market continues to grow.
Reason For Sale:The owner would like to retire.
Training & Support:The owner will stay on for an agreed amount of time to ensure a smooth transition.
Employees: 3
Competition:The secondary electric motor market is very hot and expected to grow considerably in 2023. There is no competition since this business has an exclusive arrangement with the only Tier 1 manufacturer (located in Europe). Therefore, they are an exclusive distributor of secondary market EV motors and parts.
Potential Growth:A new owner can grow this business easily by advertising more. Currently, all of their business comes from word-of-mouth and referrals.