MergerPlace

NW Iowa Branded Auto Parts Store

Iowa


  • Asking Price: $475,000
  • Gross Income: $589,100
  • Cash Flow: $11,875
  • Real Estate: Not Disclosed
  • Inventory: $420,072
  • FF&E: $50,463
  • Listing ID: #213775
  • Established: 1982
  • Employees: 2 FT / 1 PT

Business Description

This auto parts business operates under a national brand. This business specializes in the sale of automotive parts, heavy duty parts and the making of hydraulic hoses. The list price is less than 1 year of sales. This business is not considered a franchise instead it is considered more of a "membership" agreement. There is a short "Store Owner Application" that the buyer will submit to the main parts supplier.
A few top-selling categories would include brakes, filters, batteries, wipers, headlamps and tools/equipment. Prefer not to shop in-store? An online option is always available for shopping featuring in-store and online promotions.
This business provides retail sales as well as delivery services to corporate accounts such as dealerships, mechanic shops and auto-body repair shops.


Business Details

Primary Business Category: Services - Other Services
Location: Iowa

Company Information

Year Established: 1982
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 2 FT / 1 PT

Financial Information

Asking Price: $475,000
Gross Revenue: $589,100
Cash Flow: $11,875
FF&E: $50,463
Inventory: $420,072
Seller Financing Available: No

Property Information

Facilities:

The store location is on a major highway in this community. The real estate is leased and is sufficient for current demands.

Growth & expansion opportunities:

The sales and marketing, of this business, have leaned heavily on relationships as well as being located on the most trafficked street in the community. Currently, this business offers a delivery service to dealerships, auto repairs shops, specialty garages, etc. A consistent focus on what is currently being promoted as well as building an online presence including social media would be strongly suggested. For a focused entrepreneur - there is market share to gain per the national parts supplier.

Competition:

There are two other direct competitors in the marketplace. There is also a "big box" retailer in the community that also provides some of what this business offers. This business has built a loyal following after serving this community for 30+ years.

Reason for selling:

The seller has decided to exit this industry.

Support & Training:

Will train for 4 weeks @ no cost There are no special skills or licenses required for owning and operating this business. As long as a buyer is coachable and able to provide solid leadership the rest can be taught. A business management background is always a plus.

Contact Business Seller

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Business Listed By:

Bryan Mulder

Murphy Business Brokers