Automotive Parts Distributor
SOLD - NEO Business Advisors represented a strategic buyer in the acquisition of Baker Performance Parts by TNT Custom Racing, Inc. to expand into the performance automotive parts industry.
Asking Price: Undisclosed
Gross Revenue: Undisclosed
FF&E: Undisclosed Included? Yes
Inventory: Undisclosed Included? Yes
Real Estate: Leased
Building Size: 4,000 SF
Employees: 5 Employees (including owner)
Location: Tallmadge, Ohio
TNT Custom Racing, Inc. partnered with Baker Race Cars to build performance race cars for the asphalt circle track industry in Norther Ohio and Western Pennsylvania and saw this as a strategic opportunity to enter the performance parts distribution industry.
Real Estate: Real Estate was leased by the Seller including 4,000 sq. ft. of automotive shop and warehouse space.
Growth and Expansion: Undisclosed
Reason for Selling: Distressed business with financial and operational issues. Seller seeking a strategic buyer.
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