Well-Established, Commercial and Retail Tire

Not Disclosed, NC


Asking Price: Annual Revenue:
$997,000 $1,620,711

Automotive & Boats: Auto Retail - Auto Parts


Request More Information
Contact the Seller

RE: Well-Established, Commercial and Retail Tire Broker: Tully Ryan
Owner Financing is Available!
$147,450 down/ $149,550 for 120 months. @ 8.00%/ Other financing

Quick Facts

Asking Price: $997,000
Annual Revenue: $1,620,711
Net Profit: Not Disclosed
Cash Flow: $360,007
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 2007
Employees: 5
BBN Listing #: 1884955
Broker Reference #: 1206-15167

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

A well-established, consistent million dollar plus automobile and truck commercial service center in Eastern North Carolina. The Company offers tire sales, roadside assistance, fleet maintenance, commercial services, oil changes, tune-ups, engine and transmission analysis and repair, inspections, battery replacement and many more services. This turnkey company is an excellent opportunity for a strategic buyer to step into a consistent profitable operation.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Founded in the early 1980s, the Company operates from a 1.8 acre complex, employing 5 full-time employees. The business has a long history of successful/profitable operations in this location. The owner has developed a skilled staff that is experienced and loyal. The location of the business is conducive to the success of the company being located in the vicinity of major economic hubs of New Bern, Greenville, Wilson and Goldsboro. The facility consists of 10 bays, 9 of which are fully equipped. The 7,020 square foot facility sits on 1.8 acres, leaving plenty of room for customer parking. The major equipment Includes 9 lifts, an alignment machine, and an exhaust lift. The property may be purchased in conjunction with the business for $275,000. If the Buyer is seeking bank funding, the addition of the real estate will have a positive impact on the debt service calculation. Note: the combined Seller Discretionary Earnings for the real estate holder is $387,507 (the SDE for valuation purposes plus the $27,500 in rent that is being charged to the P&L for valuation purposes). Assets-$105,000.

Market Competition and Expansion:

The company relies on word of mouth marketing and use of their website. No other effort is being put into marketing and presents an opportunity for the right buyer to do so. Customer markets are shared between commercial (39%) as well as retail customers. Management is proud of the many loyal customer relationships built over the Company’s history and believes customer relationships will successfully transition to new owners. Competitive Landscape: Success in the commercial tire and services is driven by speed to service, quality inventory and having a good reputation. The company excels in each of these areas and is well positioned for continued future growth and success. Market Position: The vertical very fragmented market, growth opportunities exist through market consolidation. Customer markets are shared between commercial (39%) as well as retail customers. Management is proud of the many loyal customer relationships built over the Company’s history and believes customer relationships will successfully transition to new owners. Competitive Landscape: Success in the commercial tire and services is driven by speed to service, quality inventory and having a good reputation. The company excels in each of these areas and is well positioned for continued future growth and success. Market Position: The vertical very fragmented market, growth opportunities exist through market consolidation. Success in the commercial and retail tire and services is driven by speed to service, quality inventory, and having a good reputation. The company excels in each of these areas and is well positioned for continued future growth and success. Growing Demand: Depends on miles driven and the number of cars on the road. The increased complexity of vehicles, which makes it more difficult for vehicle owners to perform do-it-yourself repairs, is also driving demand. Revenue (in current dollars) for US automotive repair, maintenance and services is forecast to grow at an annual compounded rate of 3% between 2015 and 2019.

Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!