Owner Financing is Available!
Business Overview:
Summit Business Brokers, Inc. announces its representation for sale for 3.2 times 2011 EBITDA plus Inventory. EBITDA in 2011 was approximately 1.05 million and Inventory is approximately 800,000. This equates to a price of approximately 4.2 million. For the past decade it has been a consistent cash flow provider to the owners. This is a company that distributes a full line of one essential automobile replacement part and also tools and supplementary parts. The company is located in Los Angeles County, California and has been in business for over 20 years. It sources the product from a variety of suppliers in the US, Canada and China and distributes from its warehouse in an approximately 16,500 sq. ft. building modern industrial park to numerous auto repair shops in the United States, Latin America and the Caribbean. The company is not dependent on any one supplier and no customer exceeds 5% of annual revenues. The company has approximately 18 employees. However, upon acquisition, the buyer will have to install its own CEO.
This is an excellent opportunity for an entrepreneur or established business to acquire a highly profitable and well regarded company. The owners and founders are retiring and will provide transitional assistance and entertain a consulting arrangement.
The sellers consider the very consistently high profit margins to be critical proprietary information. In this regard, the sellers will only authorize disclosure of the company's identity and financial information to prospective buyers who have submitted business resumes and have indicated adequate resources to consummate the sale and fund the necessary working capital. Buyers unwilling to undergo necessary screening should not inquire. Principals only.
The owners will provide adequate transitional assistance in order to provide an orderly transfer of control The owners may agree to a consulting contract if requested.
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.
Property Features and Assets:
The company is located in leased warehouse/office building in a modern industrial park with adequate parking and excellent truck access and loading ramps. The industrial park is on a wide boulevard and a mile from a major freeway interchange. It is within 8 miles of the Ports of Los Angeles and Long Beach.
The owners will provide adequate transitional assistance in order to facilitate an orderly transfer of control. The owners may agree to a consulting contract if requested.
Market Competition and Expansion:
The market for providing replacement auto parts is indeed competitive. However, this company has a very competitive edge due to its full line and strong inventory supply of one type of part and its quick and efficient customer service.
Reason for Selling:
Retirement.
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.
Resources: