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Thursday, September 09, 2010
Listing Details - Auto Parts Wholesale Facility, very profitable
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Auto Parts Wholesale Facility, very profitable
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Central Arkansas - Arkansas
| Seller Financing: |
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| Lender Pre-Qualified: |
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| Listing ID: |
60626 |
| Status: |
Inactive |
Listing Details
| Listed Price: |
$2,350,000 |
| Down Payment: |
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| Total Sales: |
$1,050,000 |
| SDE: |
$232,000 |
| EBIT: |
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| EBITDA: |
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| FFE: |
$122,000 |
Included? Yes |
| Real Estate: |
$700,000 |
Included? Yes |
| Inventory: |
$560,000 |
Included? Yes |
| A/R: |
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Included? |
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| Reason for Sale: |
owner retiring |
| Training: |
owner will train |
| Financing Terms: |
negotiable |
Operations
| Year Established: |
2003 |
| Last Acquired: |
2003 |
| Form of Ownership: |
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| Home Based: |
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| Relocatable: |
No |
| Type of Location: |
Stand-alone |
| Absentee Owner: |
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| Online: |
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| Employees: |
Full Time: 7 / Part Time: |
| Managers: |
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| Hours: |
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| Owner Hours: |
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| Non-Owner Payroll: |
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| Franchise Info: |
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Location
| Lease Expire: |
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| Option: |
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| Lease Terms: |
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| Lease Security: |
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| Monthly Rent: |
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| Square Footage: |
26650 |
| Facilities: |
This business is located in a growing section of Little Rock, the single building covers 26,650 feet on 1.9 acres of land and was built approximately 30 years ago. The building is in good condition. There are three bays to the facility and tremendous storage potential in this massive building with ceilings as high as twenty feet. The land and the building are included in the price. |
Summary
| Business Description: |
This successful business is a distribution facility servicing businesses over the state of Arkansas. The primary function of the business is to sell wholesale auto parts to body shops, car dealerships, and a variety of other businesses that sell and install these products. The parts sold include headlights (25% of revenues), hoods (15%), fenders (15%), bumpers (20%), grilles (15%), and mirrors (5%). These parts are usually needed as replacements for used cars involved in collisions. The business works with a group of seventeen other independently owned stores, or distribution centers, located in various parts of the United States. The purpose of this alliance is to pool resources, enabling the group to purchase large lots of inventory from six different suppliers overseas at a low, volume price. The business recieves containers from suppliers and warehouses parts in the large facility. Phone orders are filled in-house from inventory on the shelf. Workers pull the ordered parts from and drive them to the stores placing orders. This simple, repetitious process is highly profitable for the owners and would be an easy transition to a new owner. Each year, the distribution centers print a large catalog and send it to hundreds of existing customers in the area.The Little Rock location has experienced a significant growth curve over the last six years. The current owner has not hired a salesperson or prospected in any way in recent years because they are content with the level of business the facility currently attracts and the profit generated. This is a great opportunity or a new owner looking for a highly profitable, established business that is not dependent on the reputation of a specific owner. This is a true turn-key opportunity. |
| Historical Summary: |
established in 2003 |
| Owner Qualifications: |
owner has complete knowledge of this industry |
| Competition: |
There is very little competition in the state of Arkansas
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| Potential Growth: |
The potential for expansion is great in this established business. The warehouse is never more than 70% full. Many calls for orders go unfilled because many parts are not offered at this facility. A new owner could increase inventory, offering a greater variety in parts. Additionally, the business doesn t currently advertise or have an outside salesman. |
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