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San Diego, California ,
United States
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INDUSTRY
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Business to Consumer Sites
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BUSINESS SUMMARY
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As a profitable internet venture with a strong online presence, CalCruising is positioned for continued growth in annual sales and profitability. Calcruising, LLC
Is one of only several companies that have penetrated the online auction market place. The established name of Calcruising and strategic Southern California location will ensure continued growth in this exciting fast growth global market.
Current activity:
Classic car auctions: 612
Successful auctions: 120
Active members: 2,900
Bids placed: 3,797
Dollar value of bids: 31,500,000,00
Targeted Database: 20,000
Visitors: 312,000
Sales from auction: 2,250,000
Our strength lies in the targeted database, active members, auction history, and confidence the bidders have in the successful auction format we have established. In just 2 years we have created one of the most unique and profitable sites on the Internet. Our pro-active marketing concept, has been key to our growth.
Additionally, we have developed CalCruising to take advantage of other related classic car areas, such as member auctions, showroom, reseller auctions, advertisers and much more. The continued success of our classic car auction section will allow us to open these new profit centers over the next short period of time.
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BUSINESS FINANCIALS
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Asking Price: |
3M |
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Past Annual Revenue: |
(12 month gross) 1.2M |
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EBITDA (cash flow): |
350K |
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GENERAL COMPANY INFORMATION |
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Organization Structure: |
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Furniture, Fixtures, and Equipment: |
Auction Software & Database |
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# of Profit Centers: |
3 |
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Headquarters/Main Location: |
Home Based
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Time on lease/mortgage: |
N/A
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Is Business Relocatable? |
Yes |
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Sellers Web Site: |
www.calcruising.com
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MARKET OUTLOOK/COMPETITION
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| Most auction sites except for a rare few have ended up as “Internet Ghost towns”.
These sites have few visitors and even fewer bidders. CalCruising’s early success has created an opportunity to be a dominant player in the elite auction community. |
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DETAILS ABOUT THE SALE
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Financing/Down Payment
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750K |
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Support & Training
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8 weeks of training |
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Reason for Selling
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Growing to quickly for current operations. Requires a larger managemant group. |
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Is Management Willing to Stay?
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Yes
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Are You An Intermediary?
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No
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Broker Cooperation
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None |
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Financials
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Asking Price |
| 3M |
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Past Annual Revenue |
(12 month gross)
1.2M |
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EBITDA |
| 350K |
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Web Site Design
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