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Quick Facts
Asking Price: | $1,150,000 | |
Annual Revenue: | $2,077,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $249,000 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 1991 | |
Employees: | 10 | |
BBN Listing #: | 690744673 | |
Broker Reference #: | 6949 |
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Business Overview:
This automotive tire dealer has been servicing and providing a wide variety of tires for cars, trucks and SUV's as well as wheels and related accessories its southeastern Indiana community since 1991. Automotive repairs include brakes, suspension services and many others such as: Alignments, Air Conditioning, Belts/Hoses, Diagnostics, Cooling Systems, CV/Drive Axles, Complete Engine Service, Exhaust, Farm Service, Foam Fill, Oil Changes, Radiator Services, State Inspections, Transmission Services, Tune-ups and more. Customers can see all their products and services available, as well as receive quotes online. They are authorized dealers of many products such as Michelin, BF Goodrich, Uniroyal, Firestone, Goodyear and Kelly Tire. This Indiana business is a great opportunity for the buyer looking to acquire a successful, turnkey business or for a corporate acquisition interested in expanding its presence into new territory by adding an operation.
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Property Features and Assets:
This business is located on 1.5 acres with 19,104 sq ft of building space. This includes the main work shop a 4,704 sq ft metal building with work area, showroom, office and storage area. The second metal building consists of 7200 sq ft work area that is used for exhaust work and commercial tire service. The third structure is a 7200 sq ft two story brick building used for storage. Real estate available for lease or sale.
Market Competition and Expansion:
90% of this retail tire company's customers are repeat because of established patronage, name recognition, reliability, good customer service, reputation and 10% are new. The business attracts new customers through occasional local radio and regional cable television advertising. The company's revenue mix is 70% tire sales, 15% maintenance, 8% exhaust work, 2% suspension and 2% alignment.
Reason for Selling:
Retiring
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