Retail Automotive Supplies
Asking Price: $3,599,000
Gross Revenue: $5,723,416
Cash Flow: $556,000
Location: Five stores in Columbia and Rensselaer Counties
The company sells parts for all makes and models of cars, trucks, boats, trailers, tractors, construction equipment, lawn mowers, etc. They mix paint and sell miscellaneous tools and equipment. Customers include garages, schools, municipalities, farms, retail, marine repair, small engine parts, fleets and construction companies, as well as individuals in need of parts.
Year Established: 1980
Employees: In addition to the owner, who provides for general management of the five locations, the number of employees may vary according to location, but each store will typically employ a manager, assistant manager, in-store counter persons, an outside sales person, an inventory control/freight delivery person, full and part-time drivers and a bookkeeper.
Facilities: The company is comprised of five separate retail locations. All stores are located on a main thoroughfare in their respective towns. Known for fair pricing and knowledgeable parts professionals, they dominate their trading areas. The owner also owns all of the Real Property that the businesses occupy, but would prefer to lease the land and buildings to a new owner.
Competition: Major competition comes from other retail auto parts stores like AutoZone, Advance Auto Parts, NAPA and O’Reilly Auto Parts.
Growth & Expansion: There are currently opportunities to acquire additional auto parts stores in the immediate surrounding area. The market trend is toward multi-store ownership. The small, one store groups can’t compete with the purchasing power of the larger groups.
About the Sale
Financing: The owner would much prefer cash at closing but may consider some financing for a capable Buyer. Proof of funds will be required of all potential Buyers.
Support/Training: The current owner will stay on for a negotiated period of time to train the Buyer in all aspects of the business operation.
Sale Objective: After over 40 years in the automotive business, the owner would like to retire.
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