As of Oct 5th this business is under exclusive Letter of Intent for 30 days. If you are interested in receiving information on this company should the buyer decide not to proceed, please contact me and I will add you to our list of businesses to notify about the change of status.
The Company’s customer base is for resellers of the automotive products. The customers include dealerships such as Toyota, Honda, GM, Ford, large garage repair shops, school districts and service stations. The Company supplies auto parts, shop equipment. shop supplies, tools, fluids, chemicals and many other items to resellers of auto products. They service the above listed types of businesses and many other miscellaneous resellers who cannot purchase these products direct from the manufacturers. The customers come from all over the Houston Metropolitan area as well as surrounding communities.
The Company started operations in September of 1983 in a 10,000 square foot facility. They purchased and relocated to their current location in 1990. They reorganized and converted to an “S” Corp in 1993 and added the owner’s wife as a 50% owner of the company. In 1990 they purchase their current location containing a 9,000 sf warehouse and office building.
A qualified buyer does not need any technical or vocational skills to operate this business. It would be beneficial if the owner did have a business management background and expertise in selling to business clients.
The company is extremely fortunate to have a solid group of employees. The only employee with less than three years of employment with the company is the part-time administrative assistant/bookkeeper. The warehouse manager has been with the company for over 5 years and the remaining 4 employees average just over 10 years each with the company.
The Company owns their warehouse located in a light industrial area. The building is 9000 sf and is not included in the sales price. The buyer can negotiate a lease with the seller and remain in the current location or could move the business to a location of their choosing. Since this is not a retail location the owner feels there would not be a risk of losing customers incurred by relocating the warehouse. .
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