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Niche Automotive Parts Supplier/Distributor located in Northeast USA

NY

Niche Automotive Parts Supplier/Distributor located in Northeast USA
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Asking Price: $3,500,000

Cash Flow: $884,048

Gross Revenue: $3,049,759

EBITDA: N/A

FF&E: N/A

Inventory: $400,000

Real Estate: N/A

Established: 1989

Niche Automotive Parts Supplier/Distributor located in Northeast USA

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Business Description

Excellent margins, loyal customer base, and strong vendor relationships

This 30+ year old northeast based niche automotive parts supplier/distributor is for sale to qualified buyer. Since its inception the business has grown to hundreds of customers throughout the Northeast region.  Its location, diverse and extensive inventory, and custom software allow the company to achieve industry leading margins and an outstanding reputation.

With over $3 million in total income, $400,000 in inventory (included in sale price), $280,420 in FF&E, 500,000 broad SKUs (Common SKUs around 4,500), Raincatcher lists the company at $3.5 million.

Key Considerations:

- Established company of thirty plus years with great reputation and strong customer/vendor base
- Low risk, low cost options to improve net worth within a short time frame
- Proprietary inventory management software
- State-of-the-art warehouse storage system
- Large centrally located warehouse space
- Niche leadership position: high margins and dedicated personnel
- Strong potential for expansion, including by simply increasing work hours to include weekends and early mornings
- Solid recurring customer base

The company is a one-stop source for commercial vehicles, consistently keeping a huge inventory of the most common and uncommon parts needed on hand at all times, at extremely competitive prices. It offers original parts, as well as parts from many OE suppliers.

The company also takes pride in their in-house remanufacturing facility of steering boxes, rear ends, turbochargers, and power steering pumps. All of the parts meet the most rigid of quality standards. They are of the highest caliber, trusted worldwide for quality, and exceptional service is a top priority.

Revenue for the Auto Parts Supplier/Distributor industry trended higher over the five years prior to 2018. Original equipment manufacturers have built and improved key partnerships to meet growing consumer spending and evolving consumer preferences. As auto parts retailers increased sales and consumers sought auto repair services and parts replacements, suppliers/distributors encountered rising demand for products.

To learn more about this business, please click on the following link: https://listing.raincatcher.com/listing/niche-automotive-parts-supplier/
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Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
20,000
Employees:
8
Facilities:
A 20,000 sq. ft. warehouse owned and available for lease under a renewable 5-year lease agreement after purchase of the business. Base rent: $12,000/month, adjusted yearly to account for changes in real estate taxes (if they change).
Competition:
The company currently is not actively advertising their services, simply occasionally posting ads on craigslist to attract new customers. Rivals often attempt to emulate the company’s business model, but with little success. The company understands the market, suppliers, and customers, and is able to leverage that knowledge to achieve above industry margins. The company’s long history has enabled it to build strong, valuable relationships with suppliers. With their strong credit rating and unique storage system, the company is able to maintain an unparalleled inventory. None of their competitors carry the amount of inventory that they're able to carry. They're able to fulfil orders much faster than competitors who most often have to order parts for clients. Furthermore, the size of the warehouse and its strategic location are key differentiators for the company, enabling it to strategically build up an inventory that ensures strong margins.
Growth & Expansion:
Over the past five years, the Auto Parts Wholesaling in the US industry has grown by 3.5% to reach revenue of $195bn in 2018. This growth includes a 4.1% increase in 2018 alone, fueled by increased demand from car and automobile manufacturers for new and innovative products as well as high disposable income and consumer confidence levels.
Support & Training:
Current ownership is willing to provide 1 month as part of the deal - anything more than that will require compensation
Reason for Selling:
Owners are retiring
Business Website:
http://listing.raincatcher.com/listing/niche-automotive-parts-supplier/
Contact Seller

Contact the Seller

(from currently available funds)
 
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Brian Loring, CBB, CVB

Business Listed By:
Brian Loring

Raincatcher

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Sponsoring Broker:
Jason Thomas

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