Why are we selling the Fuel and Brake Line Division? Hello Perspective Purchaser of the Brake and Fuel Line Division of Corvette Stainless Steel Brakes, Inc. We make these lines for 1957-1982 Corvettes.
We mainly sell to Corvette Catalog Companies. In the sale we will give you all the names of these Companies and you will sell directly to them. We (John Putz & brother Luke Putz) established this company in 1980 and now that we are older, it's time to semi retire.
To semi retire we need to make our Company smaller and vacate the 12,000 square foot building that we occupy & own; we will then rent the 12,000 sq ft building out; we just broke ground on a smaller building that we will move our company operations to. How did we establish the value of the Brake and Fuel Line Division? We took the cost of material and labor to build the Brake & Fuel Lines; there is no mark up (profit in these figures).
Here are the figures: Brakes Line in inventory $63,394.26, Fuel Lines in inventory $41,282.44.
The next figures are tubing inventory. This tubing is used to make the Brake & Fuel Lines. The dollars amounts is what we pay for the material.
There is no mark up. Straight length Stainless Steel Tubing $27,693.68 which is the purchase price of 40,880 feet of tubing, Coiled "Bundy" plated steel Tubing $58,180 which is the purchase price of 161,500 feet of tubing.
Brake and Fuel lines Nuts $24,404.30. Machinery value is $199,500.
Shipping box value is $7,476.34. Total Value is $421,931.
02. We are offering this sale for half it's value $210,000. Annual sales last year were $165,000.
Year To Dates Sales this year is $112,800.