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This SE Michigan Company is an industry leader in advanced racing and high-performance parts development, offering complete turnkey vehicle engine packages. The Company is strongly committed to the aftermarket sector and has created two divisions of service: (1) performing work for corporate development or racing engines and manufacturing; and (2) performance parts, which is focused on street performance parts and vehicle performance upgrades.
In fiscal 2008, revenue was generated by the following categories: part sales (44% of revenue), engine assembly and testing (34%), manufacturing (11%), and engineering and program management (11%).
Please refer to listing ID: 51085-BH
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| Industry: |
Manufacturing |
| Industry Segment: |
Auto Parts Manufacturing |
| Geography: |
United States > Michigan |
| Gross Revenue: |
$6,200,000 |
| Gross Revenue Comments: |
2008 Gross |
| Cash Flow: |
$500,000 |
| Cash Flow Comments: |
EBITDA |
| Seller Financing: |
Some seller financing may be considered |
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| Year Established: |
1977 |
| Number of Employees: |
33 full time - |
| Relocatable: |
Yes |
| Reason For Selling: |
The Company’s shareholders are entertaining the idea of selling the Company as its owners are interested in personal liquidity. Management believes a moderately capitalized buyer with strategic focus and financial acumen would better align the Company with the resources to enable it to reach the next level of success. |
| Facilities: |
As a C-corporation the operates from three leased facilities, totaling 36,006 square feet, which feature office space, production operations, and storage. The buildings are expected to provide ample capacity to accommodate substantial growth. Current staff totals 33 full-time personnel. |
| Market Outlook/Competition: |
Diversification of offerings: The Company has recently started developing its street performance division, which is growing rapidly and generated over $2 million in fiscal year 2008. In so doing, the Company is expanding its presence in international markets and meeting with automobile manufacturers such as Honda, Toyota, and Hyundai to discuss providing aftermarket products and services. |
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| Email: |
info@companyconnections.net |
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