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Auto Parts Distributor

Location  North Carolina,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1900
Number of Employees  4 - 5
Relocatable  Not Disclosed
Number of Employees  4 - 5
Real Estate  Owned
Training  Negotiable.
Reason for Sale  Health.
Description  The Company is one of the largest NAPA Auto Parts stores on the East Coast. The retail footprint is approximately 10,000 square feet. A separate storage building is approximately 4000 square feet. The auto parts business has always been a robust industry but during economic downturns typically increases in sales due to consumers and businesses retaining their vehicles longer as opposed to replacing with new vehicles. NAPA Auto Parts stores have approximately 6000 locations in North America and are regarded as an industry powerhouse for three primary reasons: Strong inventory and retail locations for consumers Private branded lines of auto parts The leader in supplying hard parts to the gigantic auto repair industry from independent auto repair shops to franchised auto dealers as well as chain location auto repair facilities. NAPA delivers to these customers on a daily basis. Asking Price $1,300,000.00. The company is situated in Roseboro NC. They relocated to their present very large, gorgeous facility, which is one of the largest NAPA Auto Parts Stores on the East Coast of the USA! Seller owns the property which is in excellent condition and included in the sale. The business has seen a rapid increase in sales and has approximately 500 K in inventory. The Company has a staff that includes a manager, 3 full time salespeople and a mechanic on duty to perform on site repair work and parts installations. Sales were up 42% 2010 vs. 2009! Reason for Selling The Seller has small children and recently had back surgery. He wishes to rest and recuperate in the next couple of years and was advised to divest himself of his business operations by his doctors. All equipment, goodwill, staffing, inventory and property are included in the sale. You will be required to complete and sign a confidentiality agreement prior to receiving any details regarding this business.
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