COVID-19 Proof Auto Parts Retailer and Service ...

St. Paul-Minneapolis-Twin Cities, MN


Asking Price: Annual Revenue:
$800,000 $2,021,427

Automotive & Boats: Gas Stations


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RE: COVID-19 Proof Auto Parts Retailer and Service ... Broker: Mike Slater
Owner Financing is Available!

Quick Facts

Asking Price: $800,000
Annual Revenue: $2,021,427
Net Profit: Not Disclosed
Cash Flow: $310,010
Total Debt: Not Disclosed
FF&E: $55,000
Real Estate: Not Disclosed
Year Established: 1959
Employees: 12
BBN Listing #: 321447804
Broker Reference #: MINNEMN003-N2228

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Business Overview:

For more than 50 years, this well-established Auto Parts Supply Retailer and Service Center has been a fixture in the Twin Cities Metro Area. Its continued success is attributed to a loyal customer base, a wide assortment of product (many of them unavailable at a standard auto parts retailer), a well-managed service center, and its recent growth in internet sales. Annual sales have consistently exceeded $2 Million. Retail customers currently represent 100% of sales and internet sales continue to grow rapidly…there is also opportunity for substantial growth if the buyer adds wholesale customers to the mix. The business asking price of $800,000 includes $650,000 of current inventory at cost and $55K of FF&E including: 1 forklift, shop equipment, and a large amount of shelving and fixtures. The real estate is being offered for $1.1 Million and is offered for sale separately at that price. Or, the owner is willing to lease the building to the buyer. The owner’s cash flow for 2020 was $310k (or $412k if the buyer also purchases the real estate). The business is for sale due to the seller’s decision to retire. SBA financing is available for qualified buyers. For more information, contact Mike Slater, Sunbelt Business Broker. (651) 398-8921

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Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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