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Details - Information last confirmed on March 4, 2021
For more than 50 years, this well-established Auto Parts Supply Retailer and Service Center has been a fixture in the Twin Cities Metro Area. Its continued success is attributed to a loyal customer base, a wide assortment of product (many of them unavailable at a standard auto parts retailer), a well-managed service center, and its recent growth in internet sales. Annual sales have consistently exceeded $2 Million. Retail customers currently represent 100% of sales and internet sales continue to grow rapidly…there is also opportunity for substantial growth if the buyer adds wholesale customers to the mix.
The business asking price of $800,000 includes $650,000 of current inventory at cost and $55K of FF&E including: 1 forklift, shop equipment, and a large amount of shelving and fixtures. The real estate is being offered for $1.1 Million and is offered for sale separately at that price. Or, the owner is willing to lease the building to the buyer. The owner’s cash flow for 2020 was $310k (or $412k if the buyer also purchases the real estate). The business is for sale due to the seller’s decision to retire. SBA financing is available for qualified buyers.
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