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WEST PALM BEACH - ECD Automotive Design (ECDA), known for its bespoke luxury vehicle restorations and showing impressive revenue growth of 123% in the past year, has announced the opening of its inaugural retail showroom in partnership with One Drivers Club in West Palm Beach. The new 4,800-square-foot space is situated near the affluent area known as Billionaire’s Row and is designed to provide an immersive experience for clients to customize their vehicles.
This strategic move by ECD, which trades on Nasdaq under the ticker ECDA with annual revenue of $25.7 million, marks a significant step into retail and direct consumer engagement. According to InvestingPro, the company's financial health indicators suggest room for improvement, with analysts maintaining a buy recommendation. The showroom will double as a sales center and a design hub, where clients can personalize their custom builds, including Land Rover Defenders, Jaguar E-Types, Ford (NYSE:F) Mustangs, and Toyota (NYSE:TM) FJs.
Tom Humble, Founder and Chief Experience Officer at ECD, highlighted the importance of the physical location in enhancing the sales process and allowing clients to engage directly with the company's bespoke design process. “This collaboration with One Drivers Club is a milestone for ECD," said Humble.
John Belniak, CEO of One Drivers Club, also expressed enthusiasm for the partnership, noting that it complements their commitment to providing a seamless driving experience for their members. The showroom will not only feature ECD’s design services but will also display One Drivers Club’s vehicle collection.
This collaboration is expected to offer both One Drivers Club members and ECD clients additional resources, including collection management and access to an exceptional design showroom. The partnership also opens up opportunities for joint events and programs aimed at deepening engagement and expanding services for local and nationwide clients.
ECD Automotive Design, based in Kissimmee, Florida, has gained recognition for its fully bespoke, hand-built luxury vehicles, which are designed by clients and crafted over 2,200 hours by master-certified Automotive Service Excellence (ASE) craftsmen. With a logistics center in the U.K., ECD sources and transports vintage vehicles to the U.S. for restoration.
One Drivers Club, catering to automotive enthusiasts, offers concierge storage and full-service collection management across its locations in Bedford, NY, Chicago, IL, Palm Beach, FL, and Seattle, WA.
The information in this article is based on a press release statement from ECD Automotive Design, Inc.
In other recent news, ECD Automotive Design announced significant changes in its leadership and strategic partnerships. Benjamin Piggott has been appointed as the new Chief Financial Officer, replacing Raymond (NS:RYMD) Cole, who stepped down for personal reasons. Piggott, a seasoned investment industry veteran, is expected to bolster the company's growth strategy.
ECD Automotive Design also successfully transitioned its stock listing to the Nasdaq Capital Market after facing compliance issues with the Nasdaq Global Market. The company managed to maintain its public status, which is crucial for its ongoing operations.
Moreover, the company has entered into a partnership with Roush, an engineering firm renowned for high-performance engines. The collaboration aims to enhance ECD's custom classic 1967-68 Ford Mustang projects by integrating the ROUSH 347 SR engine, which boasts 410 horsepower and 400 ft-lbf of torque.
These developments reflect ECD Automotive Design's commitment to innovation and quality, as well as its determination to maintain its public company status. The company continues to make strides in the luxury vehicle restoration market, with each vehicle tailored to the client's specifications and requiring over 2,200 hours of craftsmanship.
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