Business Description
For sale is a majority stake (90%) in a very profitable Virginia based 15-year-old flagship retail store specializing in after-market truck accessories sales and installation, plus a minority stake (10%) in the franchise business currently being created to grow the brand nationwide.
Because of the huge success of this initial location and the company’s strong brand, the current owners are now in the process of creating a national franchise system to replicate the business model throughout the US. In addition to gaining 90% ownership of this franchise retail location (approx $450,000 profit), the new owner will also be given 10% ownership of the new Franchisor corporation as part of the deal.
The current owner spends as little as five hours per week running this lucrative business. The business was purchased and is currently owned by a Virginia-based asset management group in 2018 for the sole purpose of building a national franchise brand that will operate in the after-market truck accessories industry. The potential profits of being part of a National franchised brand are immense and the current owner is excited to share this potential with a prospective buyer.
The Specialty Equipment Market Association (SEMA) estimates this market to have approximately $44.6 billion in sales, with over 50% of spending on equipment and accessories to upgrade Jeeps, medium and light duty pickup trucks, SUVs and compact utility vehicles.
The industry for this under-served market is ripe for consolidation creating the perfect opportunity for this new franchise concept to become a major national brand.