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Advance Auto Parts – A Renowned Provider of Automotive Parts across North America
Advance Auto Parts Inc. is one of the largest aftermarket automotive parts providers not only in North America but also across worldwide. It is capable of serving both do-it-yourself customers as well as professional installers. Currently, operating about 126 WorldPac branches, 5200 stores and independent branded stores in US, Canada and Puerto Rico, the company continues to work harder for creating a global presence.
It is meticulously searching for ideal properties on lease to open up new locations and create better employment opportunities for many. The profit earning company is worth investing in since it involves next to negligible risk for the investors to put their money in.
A financial overview
Registered with the name of AAP under NYSE (New York Stock Exchange), Advance Auto Parts Inc. is a public sector holding. According to the annual income analysis report of Wall Street Journal, although the company shows a 4.17% decrease in its net income growth, it is still a good option for investment with current net income accounting to about 471.75 Million US dollars till the end of 2015.
Sticking to same analysis, the Market Watch also reveals its overall sale of 9.74 billion US dollars in 2015 that accounts for 1.09% reduced revenue or sales growth. This adds to a gross income 4.42Billion US dollars. However, while talking about the profit ratios and margin, the company currently offers a gross margin of 45.4% as per the analysis of Wall Street Journal. In all, considering all the aspects of its capital market, its EBITDA is $1.15 Billion in the last fiscal year.
According to the list of World Biggest Public Companies issued by Forbes magazine, the company acquires the 1412 position in June 2014. The company also features at number 466 in the list of Fortune 500 companies.
The history behind its existence
April 1932, marks the establishment of Advance Auto Parts by Arthur Taubman who purchased the Advance stored from the Pep Boys, having two stores in Roanoke and a single store in Lynchburg at Virginia. Having its headquarters in Roanoke at Virginia, the company today operates its 5200 stores with a strong support of over 74,000 employees estimated in the year 2015.
In the year 1998, a great turning point came in its expansion when it acquired the left over operations of renowned Western Auto. Adding to its continuous acquisitions, the company also acquired various auto parts leaders namely Carport Auto Parts and 671 Discount Auto Parts. This led to its significant presence in locations like Alabama, Louisiana, South Carolina, Florida, and Georgia. Moreover, with the completion of its merger, AAP became a public trading company in NYSE.
Later in 2002, the company continued to acquire the stores of 57 Trak Auto in Washington, Eastern Maryland, and northern Virginia. Furthermore, by the end of 2012, the company also acquired the CARQUEST franchise of BWP Distributors for New England region. Some of its other major subsidiaries include Autopart international, CARQUEST Auto parts, WorldPac.
Aiming at reaching the number 1 position in the automotive industry, the company is looking to open more and more stores. The interested individuals who want to start up their own business can give their properties on lease to AAP for 15 to 20 years that you can further extend to 20 and 40 years.
According to its corporate legal agreement, the company assures an increment of 10 percent after completion of every five or ten years with its capital rate ranging from 5.5% to 6.5%.
Advance Auto Parts Properties For Sale Across the United States :
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands, Washington, West Virginia, Wisconsin, Wyoming