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50+ Yr. Old Online Specialty Auto Parts

Peoria, Illinois

Online automobile specialty parts and machine shop with a niche market, specializing in parts, accessories, and services for the high-performance Mopar, Jeep and AMC industry. Operating for over 50 years, with revenue over $2 million in 2019, the business has a strong network of 30+ national and 15+ international dealers for their products. Online inventory includes engines, tools, parts, books, and specialty parts. Known for exceptional customer service in the niche market of high-performance vehicles, the company offers custom equipment and manufacturing, and expert technical support.

As the exclusive dealer for many of these parts, customers include machine shops looking for parts and engines for their own customers as well as end-users looking for parts to install themselves. People continue to spend more time and money on their vehicles, particularly with a new Mopar engine on the market that accepts modifications to make it even more powerful. This new engine will present significant growth opportunities for the company, as well as options to increase the number of machinists employed, increase advertising, and expand the range of products available.

Featuring hard-to-find parts and accessories, the in-house machine shop manufactures many of their specialty parts which generates approximately 15% of the revenue for the company. The ideal buyer will have experience in the industry and be a strong manager. Ideally, the business will be relocated within 50 miles of the current location so that employees, who are experts in their field, stay on. The company grew out of the owner’s passion for drag racing and doing his own machine work for high-performance vehicles. Now in his 80’s, the owner is ready to pass the business along to someone with the energy to take it to the next level so that he can retire.

This is an established business. This is neither a new franchise nor a start-up opportunity.

 

Asking Price

$1,650,000

Gross Revenue

$2,479,941

Annual Cash Flow

$334,187

Seller Financing

No

Inventory

$320,000

Inventory Included in price

Yes

Location

Peoria, Illinois

Real Estate

Owned

Home Based

No

Relocatable

Yes

Franchise

No

Employees

7 FT | 2 PT

Year Established

1969

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