MergerPlace

Automotive Tires, Parts and Repair

Nova Scotia


  • Asking Price: $750,000
  • Gross Income: $558,279
  • Cash Flow: $70,558
  • Real Estate: $450,000
  • Inventory: $114,798
  • FF&E: $43,574
  • Listing ID: #199450
  • Established: 2004
  • Employees: 3 FT/ 1 PT

Business Description

A full turn-key new and used tire sales, automotive parts and repair business. Very loyal customer list with many referrals and walk-ins. Superb customer service. This shop stocks a wide variety of tires and auto parts from the best brand names in the industry. Part of the Auto Value banner group with purchasing power. The three service bays are clean and well-kept with up to date equipment. Excellent location at a prominent intersection with plenty of on-site parking. Property included with business.


Business Details

Primary Business Category: Retail Trade - Motor Vehicle & Parts
Location: Nova Scotia

Company Information

Year Established: 2004
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT/ 1 PT

Financial Information

Asking Price: $750,000
Gross Revenue: $558,279
Cash Flow: $70,558
FF&E: $43,574
Inventory: $114,798
Real Estate: $450,000
Seller Financing Available: No

Property Information

Facilities:

The business is strategically located on a highly visible 13,000 square foot lot. The building, a single structure, on municipal water and sewer, is set back on the lot allowing for a great amount of onsite parking. The building itself has three service bays along with a large parts storage area and reception for customers. All nicely appointed and maintained. The property is being sold with the business.

Growth & expansion opportunities:

The Provincial government is proposing to build a traffic circle as the highway meets the business. This a continuation of a number of traffic circles being built across the Province in the past few years. The circle location proposed would place the business in direct line of sight as you exit the highway. Further adding value as a traffic hub location.

Competition:

The auto parts industry is mature so location and customer goodwill become important factors in the success of the business. The automotive centre is also an Auto Value distributor, part of the Vast Auto Group, they compete with other nationals such as NAPA and UAP.

Reason for selling:

Owner is retiring.

Support & Training:

Will train for 2 weeks @ no cost. A wide variety of new and used tires and automotive parts. As well as having three service bays that allows them to install what they sell plus additional automotive services.

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Business Listed By:

Mark Pothier

Murphy Business Brokers