Price Reduced! Se Mn Auto Acc Biz-motivated Seller For Sale

Property Information

Real Estate:

Lease

Premises Details:

Current facilities are adequate to conduct operations. Current owner owns the property and is open to a lease or sale of the real estate to the next business owner. For well qualified buyer, creative financing will be considered.

Business Operation

Expansion Potential:

The local economy around this business is growing. Competing local shops has become less common making this business a go-to for the surrounding communities.

Increased marketing and sales efforts could drive more business.

In addition, adding employees to increase the ability to take on more work could increase revenue.

Competition / Market:

Auto parts stores have endured ups and downs in recent years, similar to the rest of the auto sector. The outbreak of COVID-19 brought the economy to a screeching halt.

Stay-at-home orders both prevented consumers from going into auto parts stores to make purchases and pushed transportation to the back of people's priority lists.

The rapid recovery of the US economy boosted auto parts stores, as pent-up demand caused a surge in industry revenue. With the end of pandemic-related restrictions, Americans were now driving at high volumes again, raising the need for vehicle maintenance.

Altogether, industry revenue has been growing at a CAGR of 2.0% to $81.1 billion, including an anticipated increase of 0.4% in 2023 alone.

The economic boom following the end of pandemic-related disruptions did not exclusively have a positive impact on auto parts stores. With more money in their pockets, many consumers eyed new vehicles instead of fixing up their current ones.

This trend will continue moving forward, especially considering the rise in the popularity of EVs. As EVs slowly take over the whole auto sector, boosted by government assistance and climate consciousness, consumers will shy away from working on their vehicles themselves, as electric engines are complex and foreign to most at-home mechanics. But their boost to the auto sector will come with some benefit, as parts that aren't related to any electrical components will gain demand.

The continued rise in consumer confidence in the near future will continue to benefit auto parts stores. National auto parts chains will strengthen their status at the top of the industry, as their continued growth of resources will enable them to use their economies of scale to tower over the competition. Through this, they can push their own brands that provide greater profit.

Overall, industry revenue is expected to rise at a CAGR of 1.0% to $85.3 billion. – IBIS World

Reasons for selling:

Owner wishes to retire from business ownership.

Trading hours:

Monday-Friday 8am-5pm

Employees:

1 FT

Years established:

19

Other Information

Support & training:

Will train for 2 weeks @ $0 cost.

Furniture / Fixtures value:

$43,100 - included in the asking price

Inventory / Stock value:

$10,000 - included in the asking price

Relocatable:

This business can be relocated.