Annual Revenue: $2,820,000
Net Cash Flow: $665,000
Location: Cook County, Illinois
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.
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.
A new owner can grow this business easily by advertising more. Currently, all of their business comes from word-of-mouth and referrals.