Business for Sale Overview:
Our client is the owner a supplier of new or factory refurbished automobile parts and repair shop. The repair shop is an automobile repair facility, located adjacent to the supply business. The supply business is a member of a federated buying group from a local warehouse, giving strong buying power for the business. It presently supplies the affiliated repair shop with the necessary parts for its jobs at a significant savings than a typical repair shop might receive. Although all customers are welcome, the Company has a history of successfully supplying other regional repair shops and some car dealerships throughout the immediate Bronx neighborhoods. Since their inception in 1965, the businesses have established themselves as long-standing, reputable businesses with ties running deep in the community.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Market Competition and Expansion:
Having their locations in the Bronx, NY, both businesses reside in the midst of many competitors. Businesses such as PEP Boys have sprung up in recent years, but do not adversely affect the sales of the business to a strong degree. Due to the familiarity of the store with their regular customers, they have existed in the same locations since created in 1965. The growth of the industry has brought new like businesses to the region, but much of the sales are sourced from the local neighborhood to generate sales, and thus survives due to its location. To help become more competitive, the parts store is a member of a buying consortium which provides for an additional 15% discount on all parts purchased through this wholesale buying group. The cost of this membership is approximately $600 per year. The additional buying power affords it the ability to remain more competitive than many of the other similar businesses in the vicinity. They both enjoy their status as being two of the oldest providers of parts and auto repair in the Bronx vicinity.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Resources: