Online Auto Parts & Accessories
The future of retail is online, and this web-based retailer of auto parts and accessories for a luxury automobile brand is a pioneer in online sales. Operating out of a distribution centre in the Greater Toronto Area since 2002, this business has grown its sales to $2M in 2016 and continues to generate new traffic while continually servicing a loyal base of repeat customers across the globe. The company has set itself apart from the larger online retailers through an unwavering focus on high-end customers who desire product consultation and service and want the right product delivered in the shortest time.
Priced at $900,000, the business had an adjusted EBITDA of $375,000 in 2016. It was the first of several online businesses started up by the owner, an entrepreneurial business person.
A key feature of this business is that it is fully self-functioning without the need for day-to-day involvement of the owner. Operations, including billing, are almost completely paperless and all data is cloud-based. All search engine optimization, information technology, and promotional content management activities are performed in house, with business processes being reviewed and updated on a regular basis. At the heart of the business is a sophisticated stock management system that was custom designed by the owner to minimize overhead and expedite order fulfillment.
The business continues to capitalize on growth in the luxury car market globally and in the growing trend of consumers purchasing unique car parts and accessories online for their own use or for use by their mechanics in customizing their vehicles. It will especially appeal to an individual with an interest in online marketing and a background or interest in the automotive industry.
Focusing on a new online startup business
6 full-time, 3 part-time
$US 400,000 (included in the purchase price)
5,000 sq. ft.
Price and terms