Property Details

DESCRIPTION:

• An Automotive Parts Store located in Rochester NY
• This business has been in operation for over 20 years
• It has a large database of Retail and Commercial Customers.
• There is a large inventory of OEM and After-Market auto parts in stock
• It is known for its excellent service and knowledge in the European auto parts industry
• It has an interactive website online ordering system
• This business is opened 6 days per week and 48 hours per week
• There has been increases in sales every year over the last 4 years
• There is over $ 350,000 in Inventory for sale at $ 250,000 with Seller financing

 ASSETS/FIXTURES/EQUIPMENT: Included in the asking price:

• Furniture, Fixtures, Equipment and Vehicles fair market installed value of $ 25,000
• Inventory at Cost $ 250,000         The seller will finance the $ 350,000 of Inventory for $ 250,000 over 7 years at 6% interest

LEASE/PURCHASE OPTIONS:

• 5,440 Square Feet store consisting of a sales counter with storage space in the basement
• Gross Rent is $ 1,250 per month plus utilities. A long-term lease agreement will be offered to the Buyer of this business
• The Buyer of this business also has the option to purchase the building at the asking price of $ 92,500

INCOME AND SDE:                               

                               2023                 2022                 2021             2020                  

• Income  $ 1,039,412      $ 1,114,701   $ 1,100,669     $ 969,220
• SDE       $    122,564      $     52,318    $     78,304      $   65,520

PRICE/FINANCING:

The Asking Price for the Business is $ 487,950

 COMMENTS:

An Excellent opportunity to take over a long-established business with a long-standing excellent reputation.