Established Tire and Towing Businesses for Sale

Not Disclosed, NY
Cayuga County

West of Syracuse


Asking Price: Annual Revenue:
$1,795,000 $3,284,412

Automotive & Boats: Auto Retail - Auto Parts


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RE: Established Tire and Towing Businesses for Sale Broker: Will Simmons

Quick Facts

Asking Price: $1,795,000
Annual Revenue: $3,284,412
Net Profit: Not Disclosed
Cash Flow: $397,111
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1983
Employees: 20
BBN Listing #: 865062509
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

Founded many decades ago, the tire business has been a hallmark of the local community and has collected a large and loyal following thanks to reputation for friendliness and trustworthiness. In addition to tire services, the shop offers several segments of automotive services, including oil changes, brake repair, wheel alignment, air conditioning repair, and inspections for New York State.

Within the last decade, the current owner opened an accompanying towing shop, which has many synergies with the auto shop and has been an incredibly lucrative investment. The towing company has strong partnerships with the major auto insurance providers to provide roadside assistance to automobile owners. They also offer salvage towing for the same auto-insurance providers and salvage yards. The towing and tire businesses, which share the same trade name, are being sold together given the synergies that exist between the two and the shared overhead costs.

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Property Features and Assets:

Both the tire business and the towing business are operated out of a commercial facility located in a high-traffic area off a major interstate in New York. The 7,340 square foot facility is equipped with 9 bays, all used for automotive maintenance and repair, and has a spacious waiting area for customers to use while their vehicles are serviced. The building also has an in-floor radiant system, which keeps the building properly heated for both workers and customers.

Market Competition and Expansion:

Due to the nature of the automotive services industry, there are few threats to the tire shop’s business model. The only significant threat to the business is the local, competitors. These competitors offer a smaller range of services and on occasion can beat the tire shop on price. However, many customers are looking for a shop that offers a wider range of services. Customers are also comfortable paying a premium for the business’ mechanic to diagnose and fix their cars because of the shop’s reputation for quality and integrity. Although the tire shop has grown without the need for extensive marketing efforts, there is potential to garner a larger client base through use of digital marketing. With investing into digital marketing (running Google Ads, enhancing their website’s Search Engine Optimization (SEO), or investing more time into social media accounts, there is great potential for growth of the business. By investing into digital marketing, the tire business will possess the capability to reach a larger, younger customer base. There is a massive opportunity to continue to scale the two business units by continuing to invest in marketing spend and scaling the towing business, which is less than a decade old and has grown tremendously during this time.

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.

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