Business Summary
The Company offers a large variety of products ranging from Hi-Performance Gas and Electric Boats, Monster Trucks, 1/10th, Super-10, 1/8th, and 1/5th scale on road cars, 1/10th, 1/8th, and 1/5th scale buggies, Hi-Performance Electric, Gas, and Nitro Motors, Tuned Pipes, custom Tuned Pipes, Race Fuels, Electric or Nitro Planes, Gas and Electric Helicopters, Submarines, Estes Rockets, Hi-Powered Rockets, Pine Wood Derby Cars and so on! In addition to the regular hobby shop operations, the Company offers many unique services. Such as, World Wide Shipping, Custom Hand Laid Fiberglass Boats ranging from 24" to 96", Custom Machine work and Machine Shop Services, Custom Painting, Custom Built Airplanes, in House Repairs and Service on all Vehicles at an affordable price. Lastly, the Company also does contract work. Contracts range from Scale Ship Models, Custom Fiberglass Hood Scoops, and Computer Cases, Patent Work, and many types of Machine Work.
Included in the Asking Price:
Furniture, Fixtures & Equipment: $10,000.
Inventory: $80,000.
NOT Included in the Asking Price:
Real Estate: $450,000.
The business occupies 1800 sq ft of frame building that is in good condition. The parking lot can accommodate approximately 6 vehicles. The Real estate is available for purchase.
Competition: The company has one major competitor about 25 minutes away on the other side of town. The company has a competetive edge, however, because they are the sole distributors of a particular line of performance products and feature more custom, high end models than their competition.
Growth and Expansion: It is the owner's opinion that with more inventory the shop could gross sales of $250,000 per year at net 28%. He bases this assumption on the fact that when the store is fully stocked, the monthly sales rose to $20,000.
Financing: Owner is willing to finance with 60% down for 5 years at 8% interest.
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