Leading Distributor for Transmission and Converter Replacement Parts.
Location: Nevada > Washoe County > Reno
Industry: Auto Related > Auto Parts Retail and Distribution
Financials
Asking Price: $162,000
Gross Revenue: $260,000
Cash Flow: $42,000
Inventory: $105,000 (Included in Asking Price)
FF&E: $50,000 (Included in Asking Price)
Seller Financing: With an acceptable down payment the Seller will carry the balance of the purchase price.
Business Summary
For over 20 years, this business has served as the primary supplier of automotive transmission replacement parts for the majority of local dealership service departments, independently owned automotive repair garages, and over the counter part sales to individuals in the greater Reno/Sparks area. The business operates from a 7,000 square foot facility with 3 separate service bays and work areas for sublease. Currently, two of the bays are leased to an unrelated transmission repair shop with the single bay available for lease. The layout for the business includes a parts counter with desk area and lobby, separate administrative office, and large parts and warehouse area. Included with the business are two delivery vans, two forklifts, and related machining and welding equipment. The business is open Monday thru Friday from 8:00 a.m. until 5:00 p.m. The business is not a franchise and has been independently owned and operated by the same person for 17 years. The business currently has a strong position in the after market sales of specialized replacement parts for automotive transmissions. Over the years, the business has developed a loyal following of clientele from not only business to business relationships, but also individual customer sales. The business has faced considerable competition and loss of market share due to the operation of another national brand parts store that opened in the Reno area approximately 3 years ago. At the end of 2007, the competitors store was closed and moved to Sacramento, California, leaving the business again as the premier supplier in the region. Subsequently, market share and revenues have continued to increase on a daily basis and are expected to reach and exceed the levels obtained prior to 2005. The current owner has not advertised or marketed the business in recent years and has relied on historic good will for sales. The Seller is an absentee owner and has been a private commercial jet pilot during his years of ownership.
About the Business
Year Established: 1987
Employees: 2 full time - 1 part time
Facilities: The business operates from a 7,000 square foot facility with 3 separate service bays and work areas for sublease. Currently, two of the bays are leased to an unrelated transmission repair shop with the single bay available for lease. The layout for the business includes a parts counter with desk area and lobby, separate administrative office, and large parts and warehouse area. Included with the business are two delivery vans, two forklifts, and related machining and welding equipment. The business is open Monday thru Friday from 8:00 a.m. until 5:00 p.m.
Market Outlook and Competition: The business currently has a strong position in the after market sales of specialized replacement parts for automotive transmissions. Over the years, the business has developed a loyal following of clientele from not only business to business relationships, but also individual customer sales. The business has faced considerable competition and loss of market share due to the operation of another national brand parts store that opened in the Reno area approximately 3 years ago. At the end of 2007, the competitors store was closed and moved to Sacramento, California, leaving the business again as the premier supplier in the region. Subsequently, market share and revenues have continued to increase on a daily basis and are expected to reach and exceed the levels obtained prior to 2005. The current owner has not advertised or marketed the business in recent years and has relied on historic good will for sales.
About the Sale
Management Training and Support: The Seller will provide orientation, support and training to the new owner, included in the purchase price.
Reason For Selling: The Seller is an absentee owner and has been a private commercial jet pilot during his years of ownership and is retiring.
Attached Files - Attachment Disclaimer
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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