Description

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…there is an opportunity for substantial growth if the buyer adds wholesale customers to the mix.
The business asking price of $1,279,000 includes $1.13 Million of inventory and $95K of FF&E including: 2 forklifts, shop equipment, and a large amount of shelving and fixtures. The real estate has been appraised for $1.69 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 2016 was $305k (or $475k if the buyer also purchases the real estate). The business is for sale due to the seller’s decision to retire. Buyer will need to make their own financing arrangements.

Posted Sep 10, 2015

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