Tuk Tuk North America Inc.

Location: Georgia, United States
Category: Automotive
Type: Established

Financials

Asking Price: $5,200,000
Cash flow: Not Disclosed
Revenue: Not Disclosed
Gross Income: Not Disclosed
Inventory: $20,000 - Included in the Asking Price
FF&E Not Disclosed
Real Estate: $0 - Included in the Asking Price

Business Details

TTNA is an agressive and network oriented corp with a great vision for the Tuk Tuk. The plans are for a Nationwide Dealership system for USA & 34 other countries. Below is a summary of TTNA its completions and the futre plans.
Incorporation of Company
TTNA is a certified Manufacturer like Harley Davidson Honda etc.
D&B Listed
ISO Certified
Marketing program in place
International Trade Agreement
Exclusive Distributor Agreement for TTNA & 35 Countries
Current working website with 5 Domains
800 toll free #
Leased facility tooled and ready to work
EPA Approvals for start up program
DOT Approval for start up program
Shipment for Dealership Start up program is on the water comming to USA NOW !(ARRIVED)
EPA Proto-type submitted to EPA for final approval (TESTING HAS BEGUN)
Completed US approved owners manual
Completed US Approved Service Manual
Full time Import Broker ( for all shipments)
Full Time DOT & EPA Counsel
Completed Multi Entry Bond for recieving at ALL ports USA
Several Dealerships Nationwide in line up for start up (after EPA FINISH)
Completed Certificate with manufacturer for ordering system
Completed VIN Sequence program
Completed SAE certifications
Completed USA Label Program (required safety issues on tuk tuk)
Progess on the NHTSA Enrollment
Progress on the N.A.D.A. listing system
Progress on the National Insurance Coverages
Progress on the USA Fianance Program ( so banks will loan on vehicle)
Hundreds of tuk tuk pending orders.

Sell price of company
NOW $5,200,000.oo
Stage 1 After proto-type reached EPA $5,2oo,ooo.oo time frame 1-2 weeks from this date Expected completion is by year end 2007
Stage 2 After EPA send to DOT $8,500,000.oo time frame 3 - 4 weeks from this date
Stage 3 After DOT and program ready for USA $12,500,000.oo time frame 4 to 8 weeks from this date
Terms of sale
Deposit of $600,000.00 with agreement to purchase contract.
Full payment at closing from selected purchase stage.

EPA requirement- EPA or emissions testing is required on all motor vehicles in USA CANADA etc.
DOT - certifications are required to be submitted to DOT for engineering of the vehicle
DOT Tires- All tires have been tested and DOT approved
SAE- Certification of Lights, Lenses, wheels, etc.
ALL PARTS OR VEHICLE HAVE BEEN SUBMITTED TO REQUIRED AREAS THAT HAVE OR REQUIRE CERTIFICATIONS OF COMPONENTS.

General Information

Reason Selling: Illness

Number of Employees: 3
Year Established: 2006