Established Tire And Automotive Services Business
Not Disclosed, NC Not Disclosed
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- RE: Established Tire And Automotive Services Business
- Contact: AJ Ramsey
Quick Facts
| Asking Price: | $2,700,000 | |
| Annual Revenue: | $4,408,030 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $762,190 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $412,311 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1961 | |
| Employees: | 25 | |
| BBN Listing #: | 937511 | |
| Broker Reference #: | 13485-841837 |
Business Overview:
Located in south-central North Carolina, this well-established, debt-free, commercial, and retail automotive repair and tire company is very stable and profitable. The owners wish to retire and transition the company to new ownership to continue its successful operation and capture new growth opportunities. The business includes a complete automotive repair center which offers a full line of passenger and light truck tires. The automotive repair services offered include tires, alignment/ suspension, brake, air conditioning, diagnostic/engine, electrical batteries, heating/ cooling, driveline, and manufacturer maintenance including oil changes. The Company is a dealer of Michelin, BF Goodrich, and Uniroyal tires. It can order all major brands of tires and rims from Goodyear, Firestone, Bridgestone, Cooper, and others as well as tires for farm and off-road equipment including earth movers. A commercial division focuses on tire retreading for large commerce vehicles such as semi-trailer trucks and tractor-trailers, and farm equipment and provides remote services for tire repair. The business has a 60+ year brand name and is well-established in its market, receiving official recognition from local business leaders.
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Property Features and Assets:
Monthly Rent: $6,000.00
Square Units (Foot, Meter): 19,504
Facilities: 3 buildings - retail & automotive bays, commercial retreading, and warehouse
Market Competition and Expansion:
Competition: The company holds a high reputation for its products and services and competes locally with Lucas Sales & Service Center, Ed’s Tire, Doug’s Tire and Walmart. Competitors in surrounding counties include Snyder Tire, Colony Tire and Black’s Tire.
Expansion: Growth opportunities are available for the right buyer who has the appetite to expand the operations with additional onsite work capacity, greater geographic reach, and increased marketing and sales efforts. Currently, the company has limited online marketing, and a focus on improving marketing strategies and upgrading operations will increase opportunities and improve business efficiencies. With the current backlog of customers (wait time to schedule an appointment can sometimes extend up to two weeks) along with available real estate, there is room for on-site expansion.
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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