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Newport Beach, Orange County, California
Asking Price
$425,000
Revenue
$474,000
Down
50%
Cash Flow
$84,000
Name: Jack Oh
Phone: Show phone number
Name
Jack Oh
Phone
Show phone number
Posting ID:
290828
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Call/Email
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This wholesale business was founded in 1962 and is now a highly reputable distributor of aftermarket auto parts and engine rebuilding! Its location in this major Los Angeles County city is freeway-close with easy access and ample parking for customers and delivery services. A satellite location in Orange County was opened about 18 months ago to better serve the clientele. The business stocks a wide selection of inventory, which is balanced between company- and manufacturer- ownership. A portion of the inventory is owned by the business, with the remaining inventory owned by the manufacturers on a consignment or 'fee-based warehousing.' The business receives a fee for providing inventory and order services for the manufacturer and customer. The warehouse stocks a variety of high-quality, well-known brands, as well as lesser-known brands, at various prices. The business also benefits from a well-diversified customer base that includes parts stores, other wholesalers, engine rebuilders and repair shops. The 10 long-term employees know the business well, and are focused on providing excellent customer service. The owner has identified opportunities to grow the business, such as adding machine shop services, expanding into the Inland Empire, and developing an online, web-based retail store to increase sales nationally and internationally. Approximately, 740,000 in inventory is included in the sales price. The owner is selling the business so that he can pursue other opportunities.
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