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Specialty Auto Parts |
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Business Type: |
Specialty Auto Parts |
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Real Estate Price: |
$320,000 (included in price) |
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Total Purchase Price: |
$520,000 |
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Gross Revenues: |
$563,022 |
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Sellers Discretionary Earnings: |
(contact broker) |
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Furniture, Fixtures & Equipment: |
$20,000 |
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Inventory: |
$90,000 (included in price) |
| Business Summary |
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In the 20 years this business has existed, revenues have grown steadily. With one exception there has been year over year growth. The owner is very conservative and has controlled his growth so that he would not outstrip his capital. Customers come from a large geographical area to purchase the kinds of products that are sold for specific kinds of cars. Retail sales are approximately 80% and wholesale are 20%. There is no customer concentration. Vendor relationships are outstanding. Every account payable is paid on the day of delivery. If one began a similar new business, there would be significant barriers to entry. |
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Years Established: |
1987 |
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Employees: |
1 |
| Real Estate Detail |
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The building is 50' x 58' or a total of 2,900 square feet. The propety is on a corner lot and is 120' x 125' or 15,000 square feet. This is a little more than one third of an acre. The property was appraised in August, 2006 by a prominent MAI. The appraised value was $320,000. |
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