Flippa
FOR SALE
Business Name

Radio Upgrade

Business Model
e-Commerce
Industry
Automotive

$90,000

Asking Price
Multiple 2.3x

+ $0 Inventory

Radio Upgrade sells premium audio solutions for customer’s that want factory fit and finish in a full featured car audio
This business owner has connected their financials with QuickBooks Online
This business owner has connected their site traffic with Google Analytics

Facts and Figures

Location
United States
Date of Founding
2014
Full-Time Staff
-
Annual Revenue
$122,995
Annual Expenses
$83,753
Annual Net Profit
$39,242
Profit and Loss
Note: Where the business is less than 12 months old the annualized data represents total sales for the period of operation.

Recent Performance

Month May 2020 June 2020 July 2020 August 2020 September 2020 October 2020 November 2020 December 2020 January 2021 February 2021 March 2021 April 2021
Revenue $8,126 $7,798 $5,414 $5,244 $9,029 $6,245 $4,458 $17,864 $9,011 $9,902 $15,258 $15,173
Expenses $1,912 $1,915 $1,750 $5,548 $16,315 $829 $4,403 $11,670 $13,086 $2,921 $11,650 $7,630
Net Profit $6,214 $5,883 $3,664 -$304 -$7,286 $5,416 $55 $6,194 -$4,075 $6,981 $3,608 $7,543
Month Pageviews Users
April 2021 24,494 12,225
March 2021 29,668 14,308
February 2021 21,930 11,291
January 2021 24,443 12,133
December 2020 23,950 11,351
November 2020 21,652 10,731
October 2020 22,439 11,343
September 2020 23,284 11,417
August 2020 24,867 12,091
July 2020 25,541 12,846
June 2020 23,154 10,817
May 2020 24,841 11,365

Note: Traffic data was provided on 12 May 2021. Enquire for more recent data.

Business Description

Radio Upgrade has a long history of providing premium features to customers who own vehicles with basic audio systems. Our radios feature the most in demand upgrades with several optional add-ons as well.

All of our radios feature:
• Fully Plug-and-Play installation (no wire cutting)
• Regularly Updated built-in Navigation (free updates)
• Factory Steering Wheel control Integration (if equipped)
• Capacitive Touchscreen
• CD/DVD Playback
• Bluetooth Phone Calls
• Bluetooth Music Streaming
• AM/FM Radio
• Built-in Wi-Fi for adding apps
• SD/USB Music and Video streaming

Optional Upsells:
• Apple CarPlay
• Android Auto
• Backup Cameras
• Dash Mount DVRs
• Full Line of Vehicle Specific Speaker Boxes

We currently generate ALL of our traffic organically, with $0 in ad spend. I have not had an ad budget since early 2018! We have a huge following on a few different truck forums and feature prominently on google search results.

Primarily, expenses are limited to COGS and shipping. Other cost of business expenses are incurred as they are for any online business, merchant fees, a few different hosting fees, etc, make up a very small percentage of expenses. Listed expenses in the last year include approx. $14,000 of improvements to current owner’s facility (facility is NOT included in sale, nor is it available for purchase), so you should see immediate improvement to the already impressive bottom line!

How does your business make money?

We make money by drop shipping vehicle specific car stereo upgrades to customers all over the world. I do not hold inventory, and regularly operate this company from the road. I travel extensively for my other business, and this has always been easy to operate in a couple hours from anywhere with internet access!

Why are you selling this business?

I am selling this business because my other business has become massive. When I decided to do both, I owned a local window cleaning and pressure washing franchise in central Texas. I am now the CEO of the largest franchise brand in the industry and oversee 213 franchises in 22 states covering 14,000 cities. I do not have time to spend on this anymore, and will not be able to even pretend to focus on it any time in the foreseeable future.

Inventory

Units
0
Value
$0

Assets

  • Brand assets
  • Contracts (written or verbal) with customers and suppliers
  • Customer databases
  • Domains
  • Existing manufacturing relationships
  • Policy and Process documents
  • Relevant email accounts
  • Social media accounts
  • Vendor contacts
  • Website files, source code and content
  • e-Commerce platform accounts

Social Media

Facebook
590 followers
Twitter
18 followers
Mailing List
3.1K email addresses

Post sale support

This is support provided by the seller when transitioning the business to a buyer.

Included

About the Seller

Zach Ventresca

Verified Account

United States

Austin, TX based entrepreneur that is looking to expand my business portfolio.

Contact