Sale Pending
Highly Profitable Expansive Tire Sales & Services! (37783)
Successful business growing annually! Averaging 6% in Revenue Growth yearly and a 40% increase in Profits! Servicing area is expanding and company will continue to grow with it! A top regional provider of commercial and automotive tires from major manufacturers, business also offers repairs and additional vehicle work to a broad range of agricultural and retail customers in its surrounding area. Company’s primary service lines consist of comprehensive auto restoration, specialty tire supply and replacement, plus wheel reparation services, with extra revenue made from maintenances such as tune-ups and light mechanical fixes. Business operates from a well-maintained shop that is conveniently located and accessible to clientele. Total square feet of the facility is approximately 5,600 square feet, with added acreage for parking, storage, and office space. Property is leased from the owners includes and a warehouse plus customer waiting areas. Company’s customer base mainly consists of regional businesses in need of agricultural and specialty tires, with an estimated 25% of consumers coming from retail passenger tires and repairs. Using its range of service offerings, current marketing efforts focus on targeting repeating clients through digital advertising, radio, and publication media. Further sales are sourced from roadside allowed for Total Revenues of $3,730,000 for the calendar year of 2022, alongside Discretionary Earnings of $841,800. With each year ahead of the last in both gross sales and profit, the future looks great! This is a can’t-miss opportunity; an easily bankable acquisition!
Listed By: David Michaelson
Background information
Seller Number:
37783
Year established:
1985
Reason selling:
Approaching retirement and/or pursuing other interests.
Finance
Sales:
$3,730,000
Profits:
$841,800
Profit type:
Discretionary Earnings
Operations
Employees:
9 nonunuion.
Equipment:
$250,000
Inventory:
N/A.
Premises
Facility:
Property valued at $1,250,000 can be purchased separate from the Asking Price.
Square footage:
5,600+/-
Opportunities
Market:
Digital, Radio & Publication Adverts, Referral Sources.
Price and terms
Price:
$2,250,000
Financing:
Negotiable up to 20% for the right buyer.
Owner Transition:
Period of 12 months.