The company is a US-based wholesale distributor of auto electrical parts for automotive, industrial, agricultural or marine applications. For the last 35 years, the Company has served the needs of electrical rebuilders worldwide by offering products of the highest quality, excellent customer service, and superb pricing. The Company offers a comprehensive line of OEM and quality aftermarket alternators, starters and component parts.
*Inventory is not included in asking price.
The Company is headquartered near New York City and operates from an office and warehouse facility totaling 11,000 square feet. Management estimates approximately 7,000 square feet is used for storage and distribution functions, with the remaining 4,000 square feet utilized for management and administration. The current lease is month-to-month.
The company carries an extensive product line of starters, alternators, and parts; An avenue of growth for the company is developing a broader profile of products. Moreover, an expansion of the auto electrical products to more categories will take advantage of customer loyalty to generate recurring sales. Lastly, the company has achieved strong revenue and profitability with limited sales and marketing efforts. Increasing the sales staff to improve outbound sales calls will enable the company to touch base with more potential customers.
Wholesale distributors in the industry sell to automotive, agricultural and marine rebuilders (industrial and commercial), retailers, other distributors, and direct customers. sales force. Additionally, trade shows are an important source of new customers.
The current shareholders are willing to remain with the Company for a brief period to ensure a smooth transfer of ownership. Additionally, the current operations manager has the ability to train new employees for sales, warehousing and logistics and accounting.