Business Overview

Generations of loyal customers and National Accounts have kept this tire shop busy and profitable for many years. Business is housed in a purpose built 17k + square foot building. Recently the business has added a mobile service component for over the road and agricultural applications with a specialty built service truck.

Loyal, trained employees, great recurring customers, growing market and an owner that is willing to provide training to a new buyer make this an IDEAL BUY for someone in the business or new to the business.

Financial

  • Asking Price: $950,000
  • Cash Flow: $122,373
  • Gross Revenue: $1,414,136
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1987

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:17,000
  • Lot Size:N/A
  • Total Number of Employees:8
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

17,000 sf, 3 buildings

Is Support & Training Included:

Owner will provide 30 days on-the-job training included in the sale price. Training to include order process, store process & procedures.

Purpose For Selling:

Owner pursuing other interests

Additional Info

The venture was started in 1987, making the business 35 years old.

The business has 8 employees and is located in a building with estimated square footage of 17,000 sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals resolve to sell companies. However, the real reason vs the one they say to you may be 2 totally different things. For instance, they might state "I have way too many various obligations" or "I am retiring". For many sellers, these factors are valid. However, for some, these might simply be excuses to try to conceal the reality of altering demographics, increased competitors, recent reduction in profits, or an array of other reasons. This is why it is really important that you not depend entirely on a vendor's word, but instead, use the seller's answer along with your overall due diligence. This will paint a much more sensible image of the business's present scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of businesses borrow money in order to cover points like supplies, payroll, accounts payable, and so on. Bear in mind that sometimes this can imply that revenue margins are too tight. Many organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that should be fulfilled or may cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location attract brand-new customers? Most times, companies have repeat clients, which develop the core of their day-to-day profits. Specific variables such as new competition sprouting up around the area, roadway building, as well as staff turn over can affect repeat customers and also adversely affect future earnings. One vital point to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business often, the greater the possibility to build a returning client base. A final idea is the basic location demographics. Is the business placed in a largely populated city, or is it located on the edge of town? Just how might the regional median home earnings influence future income prospects?