An iconic multi-chain automotive and parts empire that was founded by a hard-working family right here in South Etobicoke is shutting its doors after almost 60 years.

Performance Improvements Speed Shop was founded in 1964 by Bob and Susan McJannett as a retail store at 1268 The Queensway, near Royal York Road.

“They turned that tiny store into a successful, multi-chain performance parts empire, er, business,” their sons Andy and Rob told long-time customers in a post on social media.

“The passing of our founder and father in June caused a lot of soul-searching for the McJannett boys,” they wrote. “After a long discussion about work/life balance, Andy and Rob made the difficult decision to pull the plug.”

September 30, 2022 will be the last day of regular operations at the Toronto, Barrie and Hamilton stores. The chain at one time had nine stores, including in Quebec. Now it is down to three.

As many residents may know, they specialized in a wide range of auto parts and expert installation advice. They were also known for their wild sales.

“When the business started in 1964, a 30-year-old car was a 1934 Ford and a brand new car was a 1964 Chevy and we had lots of parts for both to improve their performance,” Rob said.

“The business has changed, the cars have changed, the customers have changed…it’s time to move on.”

They’re now having an everything-must-go closing sale with discounts up to 25 per cent, though discounts should get deeper as time goes on.

The family is saddened the building will be going up for sale shortly and there is a lot of cleaning out to do.

He said a liquidation sale of all remaining products and fixtures will be held in October.

Thank-you to everyone who has been part of our 58-year history. It’s been a great ride!