Profile: Pick Ups Plus Inc (PUPS.PK)
27 Mar 2014
Pickups Plus, Inc. is a franchisor, wholesaler, retailer and installer of accessories for trucks and sports utility vehicles (SUVs). As of December 31, 2005, the Company has five operating franchised stores that are located in Texas, Ohio, Kentucky and Illinois. Pickups Plus operates two Company-owned stores located in the Cincinnati, Ohio area. The stores operate under the Auto Appearance Center name. In April 2004, the Company acquired Auto Preservation, Inc., which operates as a wholly owned subsidiary. Auto Preservation has two operating centers in the Cincinnati market providing automotive dealerships in this market a single source solution for their new vehicle prep, environmental protection packages, pickup truck and SUV accessories and detail and reconditioning sales and services. Auto Preservation processed over 15,000 vehicles for automotive dealerships in 2005.
The typical Auto Appearance Center (the Center) features approximately 7,500 square feet of space, with 2,500 feet devoted to the retail showroom, 4,000 feet to the installations facility, 1,000 feet for storage, common area and office use. The retail showroom of each Center is designed and merchandised to be a toy store for automotive enthusiasts. Each showroom will be converted into a complete Center by promoting and displaying all three primary product segments the Company offers, restoration, personalization and protection. Each installation area is required to have a minimum of a wash bay, a clean bay, a lift and various shop equipment that are necessary to apply the products.
Every Center in the system offers local dealers customized drop ship programs, vehicle check-in services, new vehicle preparation, used car detailing and a full line of reconditioning products. In addition, the Centers will provide various vehicle restoration products and services, including car detailing, glass repair and replacement, and micro paint repair just to name a few.
The typical Center offers a variety of merchandise to accessorize any vehicle. Product categories include grille accessories, custom tires/rims, window treatments, exhaust systems, fiberglass fender flares, floor mats, visors, headlight covers, pickup truck bed liners, caps and step bars.
Each center has the exclusive distribution right to utilize the ValuGard warranty protection product line to offer local automotive dealerships and consumers both turnkey solutions or the product only for their rust proofing, undercoating, paint sealant, and fabric/leather interior protection needs. In addition, the Centers offer clear film protection for headlights and fenders, vehicle alarms, global positioning system tracking and mapping systems, and in-vehicle wireless communication systems.
Every Center is in the position of having the ability to cater to two market segments: the aftermarket consumer segment, and new and used vehicle purchasers segment through the automotive dealerships. In addition, by utilizing the ValuGard line of products, every Center has original equipment manufacturing approval from nine of the largest car manufacturers in the world. There are many mass retailers who sell some accessories and some car care products, but these companies focus on pricing only, are not specialists in the service business, and often do not carry the primary products consumers are searching for, nor can they provider the dealership a single source solution for all their outsourcing needs.
The Company competes with AutoZone, Pep Boys, Discount Auto Parts, Wal-Mart, K-Mart and Sears.
Pick Ups Plus Inc
SUITE 102, 3920 BIRCH STREET
NEWPORT BEACH CA 92660