SBA-7A Pre-Qualified Tire & Auto Service Center

Not Disclosed, NC


Asking Price: Annual Revenue:
$1,375,000 $1,464,384

Automotive & Boats: Auto & Truck Repair & Service


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RE: SBA-7A Pre-Qualified Tire & Auto Service Center Broker: Tony/Jarma Khoury
Owner Financing is Available!
$137,500.00

Quick Facts

Asking Price: $1,375,000
Annual Revenue: $1,464,384
Net Profit: Not Disclosed
Cash Flow: $467,815
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 2004
Employees: 9
BBN Listing #: 926958201
Broker Reference #: 13485-615894

Email or Print Listing

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Business Overview:

With nearly a 20-year presence, this profitable, highly-reputable family-run tire dealership and auto center is the perfect business for an owner-operator and/or a strategic buyer that would like to have a strong tire dealership/automotive presence in Eastern NC. With four seasons and an affordable cost of living, North Carolina is experiencing an influx of people moving to our state at unprecedented levels.

Included in this list price is the 14,605 square feet office/service center, which just recently appraised in the month of August 2021 at $765,500.
The owner is willing to stay on for a period of time to make an orderly and smooth transition to the new buyer.

The original founder has been in the tire industry since 1978, but it was in 2004 that he and his wife opened their own shop. In 2009, they built a new 14,605 square feet office/service center and have been busy ever since. His wife handles the financials, which are VERY clean, easy to understand and no co-mingling of personal/business funds.
Over the years, the business has provided service to a wide radius of 1-hour+, but in recent years due to the owners interest in potentially retiring, work within a 30 minute radius is meeting his financial objectives.
At present, the ratio between Tire and Service sales are about a 60/40% split.
While there is competition in the region, this particular business is in a rural area, with a HUGE service area and a reputation for excellent customer service. Most large competition are in the bigger cities.
First, specific areas of targeted growth (minimal being accomplished now by choice) should include the increased servicing of the commercial, industrial and agricultural truck sectors.
Second, increase the service area to beyond 30 minutes to increase sales, by providing road service, etc.
Third, create a website and provide some social media marketing, as only word of month is how this business secures new clients.
Finally, the "Auto Service" part of this business could definitely increase sales, especially once some proactive marketing is put in place.

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.

Reason for Selling:

Retirement

Additional Details:

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

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