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The Wall Street Journal Online

Auto parts franchise - Providence, RI

Pawtucket, Rhode Island (Providence County)

Seller Financing Available

Photo Available
Asking Price:
$100,000
Gross Income:
$660,000
Cash Flow:
N/A
FF&E:
$25,000.00 *
Inventory:
$150,000.00 **
Real Estate:
N/A
Year Established:
N/A
Employees:
4
Business Types:
Auto Repair, Parts & Services
Durable Goods

** not included in the asking price

* included in the asking price

Business Description

There are 2 key components needed to turn this business around; 1 full time sales person, and better inventory levels.

Inventory - there is approx. $130834 of total inventory on hand and an additional $19166 is needed to fill in deficits. There is no real competitive advantage in this business if you are out of stock when the local repair shops (customers) call for product. The current Owner is under capitalized and this new inventory investment should sustain the business up to $1mil in total sales at which point you'll continue adding inventory with a target turn rate of 3-5 times per year. This business comes with a very sophisticated, web-based, ordering system that will give you the necessary inventory recommendations, and is part of a buying group with best buying power in the industry.

Sales Person - There are over 1460 potential customers in this territory and less than 730 have bought in the last 12 months.B Without a dedicated sales person, knocking on customer's doors, this business has been unable to grow over the last few years. 1 full time sales person is needed for this territory. The best salesmen are paid mostly on commission. This business comes with a very sophisticated, web-based, Customer Relation Management (CRM) program that will help you manage your sales person's efforts. This CRM plans their visits based on past & potential buying activity as well geography. It will also tell your sales person what each shop needs to hear during the visit. From here the CRM will track their production so you know when to pay bonuses and/or keep the sales person on staff.

For more information, call John at 877-514-7322.

Detailed Information

Facilities:
~4000 sq ft warehouse
Competition:
The Company competes favorably against the competition due to its superior infrastructure and same-day delivery service. The Company sells a majority of its volume to other small businesses and benefits from an owner-to-owner relationship which is a key differentiator from its competitors. The Company differentiates itself from competitors by providing customers with a 90% same-day fill rate. This level of service is unmatched in the Company's product categories.
Growth/Expansion:
The Company anticipates the regular introduction of new products to increase revenue from its existing customer base. The Company has proven the ability to seamlessly integrate new products such as air conditioning and fuel related products.
Financing:
Yes - Financing Available
Support/Training:
Turn-key business model and the professional training we provide will be key to your success. No specific industry experience required. The Company's sales, marketing, CRM, pricing, inventory management and training systems are the most advanced in the industry and allow owners with little or no experience the ability to operate effectively without prior experience.
Reason Selling:
Owner is looking at another business opportunity.
Contact Seller

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(from currently available resources)
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Business For Sale Listed By

John Hanrahan

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