For Sale:

Growing Automotive Parts Niche Internet Business

Asking Price: $1,350,000
Description

The automotive niche is huge with the number of vehicles on the road in the U.S. reaching a record level of almost 253 million, an increase of more than 3.7 million since last year.  This listing is for a well-established internet business specializing in wheel accessories. 

The customer base is made up of a varied demographic with 85-90% being general consumers searching for a replacement hubcap and 10-15% being auto related businesses like tire stores and used car lots.  Most sales are made via the main website with about 30% of sales attained via an eBay Store.  95% of products are in-stock at their warehouse location and 5% are dropped shipped from the supplier.  The product orders are roughly split between the sale of re-conditioned hubcaps and new hubcap & wheel accessories.  The current inventory value is about $500k with FF&E estimated at $80k.
 
The website is successfully operated by one owner working part-time overseeing operations while all of the day to day operations are handled by the employees.  The business currently utilizes the owner’s warehouse which houses the company’s entire operation.  With the staff willing to stay on and the owner willing to lease the space to a new owner, allows for a smooth transition and makes this is a turnkey operation.  
 
This business has an extensive history with almost 10 years online.  Through experience and longevity in this industry, the company has fine-tuned operations to be streamlined and has produced double digit growth year over year.  In 2015, profits have almost doubled over 2014!  It is an outstanding business opportunity for an eligible buyer looking to acquire a profitable, efficiently run ecommerce business with staff in place to continue operations seamlessly in the automotive niche with lots of room to grow!
 

Financial Overview
Gross Revenue$1,867,562
Cash Flow$453,877
Archive Date07-06-2020
StatusArchived
Year Established1996
Employees5 FT, 1 PT
Inventory3
Other Information
CategoryEcommerce
IndustryVehicle Parts and Accessories
LocationUSA, South Carolina (York)
Home Based BusinessNo
Seller Finanacing AvailableYes
Income SourcesProducts/Services
Growth

In this unique industry, there is great potential to expand this internet business.  Some strategies for future business growth include: increasing product quantity and diversity by establishing more sources for their products, expanding the product set offered on the website into other automotive accessories, continuing to enhance the website and customer experience aspects of the business.

Competition

This website has set itself apart from competitors in the industry by offering high quality products, a huge stock, easy to navigate website with up-to-date design and by providing outstanding customer service. The shopping and search interface on the website differentiates this business from its nearest online competitors whose websites are clearly dated and lack any search capabilities beyond long and time consuming page to page link following.

Interested? Let's get in touch!