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 business was established in 1987, making the business 35 years old.

The company 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 kinds of reasons individuals choose to sell operating businesses. Nevertheless, the true factor vs the one they say to you may be 2 absolutely different things. As an example, they may say "I have way too many various obligations" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might simply be reasons to attempt to conceal the reality of transforming demographics, increased competition, current reduction in incomes, or an array of other factors. This is why it is extremely important that you not count totally on a vendor's word, however rather, make use of the seller's solution together with your total due diligence. This will paint a more practical image of the business's present situation.

Existing Debts and Future Obligations

If the existing company is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies borrow money in order to cover items like inventory, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can suggest that profit margins are too tight. Lots of businesses fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that must be fulfilled or may result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area draw in brand-new consumers? Most times, companies have repeat consumers, which create the core of their everyday revenues. Specific elements such as new competitors growing up around the area, roadway construction, and also employee turn over can influence repeat customers and also adversely impact future profits. One essential thing to think about is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business on a regular basis, the higher the possibility to build a returning consumer base. A final thought is the general location demographics. Is the business situated in a largely inhabited city, or is it situated on the outside border of town? How might the neighborhood typical home income influence future earnings potential?