Empire Business Solutions Announces Dual Signed Purchase Agreement Southern California

FOR IMMEDIATE RELEASE

Free Press Release Submitted by empireoc.com

empireoc.com

 

 

Press Release Distribution

Empire Business Solutions, a leading independent business brokers in
Los Angeles and Orange County is pleased to announce the company has a
dual signed Asset Purchase Agreement on one of its clients, a
manufacture of parts for the automotive aftermarket.(Free-Pr-Online.com)

Manufacture of Performance After Market Auto Parts

•       Broad Product Lines and Sales Channels: The Company focuses on
manufacturing and distributing various automotive mounts, bushings,
axles, and other related accessories, focusing on imported vehicles.
Specifically, during 2015, approximately 57% of sales was generated
from wholesale transactions, and 43% from direct retail sales and job
shop work. Wholesalers sell the company’s products to mechanics,
smaller distributors, retail outfits, and on Amazon. In addition, the
company has the largest selection of aftermarket mounts (as compared
to any other competitor).

•       Unique Designs: The Company has developed a unique and proprietary
tapered bushing design which reduce vibration for improved performance
as well as longevity. Competitors in the industry have unsuccessfully
tried to duplicate this exclusive design, which might qualify for a
patent. In addition, steel and billet product lines are available, as
well as customized finishes. Overall, the company’s products (steel
and billet) are differentiated by the construction, strength,
application, aesthetics, and performance/function. Their competitive
advantage is not only differentiation but also pricing and delivery
speed.

•       Automotive Applications: The company’s products are primarily
targeted at imported vehicles, including Honda, Acura, Toyota,
Mitsubishi, Lotus, and other vehicles. Significant growth opportunity
exists within the domestic vehicle market.

•       Excess Facility and Equipment Capacity: The Company operates from
a 10,000-square foot facility (with an additional 10,000-square foot
yard), and has the latest machines, test equipment, and custom
software. The fair market value of equipment is approximately $1.4
million, and currently utilizes only 30% to 40% of equipment capacity;
significant growth could be achieved with minimal capital expenditure
requirements.

The buyers are a Private Equity Group with automotive experience and
background who see this as an opportunity to grow the business into a
major player in the automotive after market.

The Sellers, two partners, have been running the business for over 10
years and have increased revenues every single year. One partner is
exitingto other ventures and the other partner is staying on with the
new entity.

This transaction is scheduled to close the last week in July, 2016

Contact Roy Moss, President of Empire Business Solutions at
714-374-6430 to discuss the process in selling or buying a business in
Orange County. Empire has been in business since 2005 and is
considered a leading California business brokers with offices in
Orange County which concentrates on businesses in the $1.0 mil-$10.0
mil revenue range. http://empireoc.com

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