Hitch Sales, Parts & Installation

Business Opportunity for Sale
Catylist Listing ID: 30507172
Property Subtypes: Auto Related
Building Size (RSF): 11,200 SF
Sale Price: $150,000
In Opportunity Zone? Yes
Name of Establishment: Hitch King
Year Business Established: 1989
Gross Revenue: $400,000 (Annual)
Cash Flow: $0 (Annual)
Relocatable Business: Yes
Last Updated: 10/16/2019

Overview / Comments

Hitch King has been a well-known and respected name for over 30 years. Originally started in a home garage, the business has grown and moved, yet the customer base continued to follow. Hitch King services most local dealers in the neighborhood and is centrally located to I275/ US19, close to Tampa, Clearwater, and Pinellas Park. Hitch King carries CURT products and hitches, as well as Reese and Draw-Tite hitches and parts. The company also offers custom built trailers and trailer repairs. Hitch King specializes in Blue Ox dingy towing kits for vehicles for towing behind an RV. The current owner has continued to run the business debt free for the past 10 plus years. Property also for sale (11,200 sf building), contact agent for details.

Annually increasing owner benefit
Annual Gross around $400,000+
Multi-faceted income stream
Well-established name with loyal customer base
Sale Price $150,000 (business only)
Includes over $9,000 of inventory & over $31,000 in FF&E

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Industry Segment: Other Auto Related
Reason for Selling: Owner is retiring.
Value of Inventory Included ($): $9,275
Value of Furniture, Fixtures, and Equipment ($): $31,500
Value of Real Estate Included ($): $0
Employee/Labor Description: The business currently employs 3 full time technicians. The owner also works full time.
Mgmt/Training Support Description: Seller will provide 2 weeks of support at no charge to the buyer.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,893 155,999 307,009
Median Age: 43.05 42.6 42.86
Households: 7,411 68,491 137,663
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