The target is an 8 year established, leading website in the online sale of Automobile Wheels, Tires and Accessories. The company’s focus to date has been Wheels & Tires, but it has recently opened up the website portal to Auto Accessories as well.
The company is still growing rapidly after 8 years, with a 145% growth rate over last year alone. And at a 4.3X multiple, this seasoned company will do very well in front of our Lending Partners – where qualified buyers can acquire this business for as little as 10% down, amortized over 10 years. The company also has a strong workforce of 8 highly trained people with redundancy built in, allowing for a smooth transition to new ownership without any loss of momentum.
Additionally, this Internet Company currently holds a 4.9 Star Rating on both Google and Top Rated Local (over 2,000 almost perfect, combined reviews). These are stellar reviews for any online company. The business offers over 200,000 products on its website with strong relationships in place with a large number of vendors – something very difficult to do as a new player in the space. The company has also just started to work with Channel Advisor and Amazon to begin offering its products on the Amazon platform with Buy Box controls in place – we believe that this could easily double the size of the company over the next 2 years. No Amazon sales are currently included in the company’s financials as sales have not yet begun.
This is a rare breed of companies where off-website expansion is immediately available, including onto the #1 eCommerce marketplace in the world, Amazon.com. Walmart, Jet and eBay are also players in the Automobile space, so in the right hands, scale across the board is a big value proposition for this business.
This Online Retailer Represented by:
Technology and Website Business Brokers