Business Overview:
Potential opportunity for EB-5 US Visa Investor
High-volume auto parts distribution company that supplies automobile parts at competitive prices to its various retail customers. This distributor offers radiators, hoses, clamps, thermostats, a/c condensers, fan assemblies, side view mirrors, fuel pumps, sending modules, gas tanks, compressors, and related a/c parts. New products will continue being developed so the company can have continued growth with vertical expansion with their existing customer base. The company services hundreds of automotive type businesses as its primary customers, including parts stores, gas stations, repair shops, body/collision shops, new and used car dealers, junk yards, and radiator repair shops. This distribution company has a 2021 gross yearly income of approximately $2,000,000 and a net yearly income of $375,000. The company has an excellent reputation to deliver new auto parts within hours to local wholesale customers from automotive repair shops to auto parts stores, etc. They maintain consistent customer contacts which provide a competitive advantage over competitors who do not have sophisticated system to track the same customers.
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Property Features and Assets:
The business facility consists of a 4,250 square feet warehouse and has an appropriate design with substantial storage space and various professional offices. The business is in a commercial mall with other active businesses in Southern New Jersey.
Market Competition and Expansion:
The franchise has distance restrictions which will protect this existing business. Also, competitors presently exist in the industry, to the best of our knowledge, we are unaware of any new competitors near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Reason for Selling:
Owner retiring
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.
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