Business Summary:
The March Group, LLC currently represents the largest supplier of auto and truck parts and tools to its particular region. The Company supplies individuals, service garages, retail auto parts stores, dealerships, and governmental agencies with items not readily available in the area. In 2007, the Company posted EBITDA of $319,000 on revenues of $3.1 million. As of May 31st, 2008, EBITDA is at $109,000 on revenues of $2.0 million. Specializes in aftermarket parts for U.S. specifications, with sales consisting of auto parts (65% of revenue), truck parts (15%) and tools (20%). The Company operates from two leased facilities totaling 13,500 sq. ft. With warehouses in two locations, the Company supplies a wide range of vehicle parts including electrical, emissions, sensors, glass and body parts. The Company also sells a wide array of tools and body supplies including jacks, air tools, painting tools and diagnostic equipment. Serves a customer base of approximately 1,000 accounts and enjoys a customer retention rate of approximately 93%. Orders are accepted via fax, telephone and e-mail for customer convenience. The majority of orders are drop-shipped directly to the customer, allowing the Company to carry a minimal amount of inventory. Currently has exclusive (non-contractual) agreements with four suppliers and acts as their direct distributor for the region. The Company has potential to qualify as an Economic Development Company (EDC).
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Growth/Expansion:
Growth to date is the result of the creation and maintenance of excellent relationships with numerous auto service providers, dealerships, retailers, and governmental agencies. Moreover, the owner has been instrumental in building the Company’s account base and financial strength through his extensive industry experience and product knowledge. Company management is aware that its high level of service plays a key role in attracting new accounts, as well as in preserving and growing existing accounts. |
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