Hot Listing

Long Standing, Profitable and Absentee Operated Tire Shop

Asking Price$850,000

Cash Flow
$100,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,000,000

Inventory$120,000
Included in asking price
FF&E$150,000
Included in asking price
Real Estate$580,000
Included in asking price
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Hot Listing

Long Standing, Profitable and Absentee Operated Tire Shop


Asking Price$850,000

Cash Flow
$100,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,000,000

Inventory$120,000
Included in asking price
FF&E$150,000
Included in asking price
Real Estate$580,000
Included in asking price

Seller Financing Available
Business Description
This established tire shop has increased revenue each of the last 5 years. The business has been absentee operated during that time and continues to draw customers across county lines. The predominant share of the revenue is comprised of commercial fleets - about 65/35 split commercial/consumer.

Key Features:
- Respected Legacy: Operating for over a century, this tire shop has built a solid reputation in the community and beyond. Known for reliability and quality service, it boasts a loyal customer base including numerous commercial fleets.

- Prime Real Estate: Situated on 2.3 acres, the property includes over 5,000 square feet of shop/office/sales space and a pole barn of over 2,500 square feet used as a warehouse/storage space. Appraised at $580,000.

- Absentee Ownership: Currently operated with minimal owner involvement, this business is turn-key. The seven dedicated employees ensure smooth operations, allowing the owner to maintain a full-time job or pursue other interests.

- Expansion Potential: With additional space available, there are numerous opportunities to diversify revenue streams such as adding a towing component or simply leasing the additional space.

The owner would like to step away from having the responsibility of the shop and focus on life outside of the tire business. This business has potential to further streamline operations, expand services, market to other commercial fleets in the surrounding area, and/or utilize the large existing property to create other means of cash flow.
About the Business
Employees
7
Facilities & Assets
Prime Real Estate: Situated on 2.3 acres, the property includes over 5,000 square feet of shop/office/sales space and a pole barn of over 2,500 square feet used as a warehouse/storage space. Appraised at $580,000.
Market Outlook / Competition
The tire shop has strong brand recognition in the local and surrounding community. It is well known for performing fleet maintenance and still has opportunity for growth. With the large plot of land and pole barn in the back, this would be a great opportunity to start a towing business. It has previously served in that capacity.
Opportunities for Growth
The business sits on 2.3 acres and uses just a small portion of this area. The owner doesn't go and look for new fleets, and the manager does not have a growth mindset with a focus on simply managing the shop.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
5,000
About the Sale
Seller Motivation
Owner inherited the business but does not wish to be tied to it any longer.
Transition Support
Owner and manager will stay for as long as necessary to ensure smooth and proper transition.
Financing Options
SBA is willing to finance for the right buyer - auto shop experience. At this price p
Listing Info
ID
2266366
Listing Views
4354

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Business Listed by: Adam Ezell Sunbelt of Durham/Chapel Hill

Listing ID: 2266366 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.