Tire Dealer/Automotive Services Provider

New England

Tire Dealer/Automotive Services Provider

Asking Price:N/A

Cash Flow:N/A

Gross Revenue:$3,100,000





Tire Dealer/Automotive Services Provider

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Business Description

The Company is a two-location tire dealer and automotive services provider. It is an authorized independent Goodyear dealer, selling Goodyear and other name brand tires for agricultural, commercial, and industrial vehicles, as well as cars and trucks. The Company also provides full automotive repair and service to retail customers and commercial accounts. The revenue mix is comprised of tires (47% of 2015 revenue), parts (35%), and labor (18%).

The customer account base is comprised of approximately 65% retail and 35% commercial account sales. The Company's general market territory is within a 5- to 10-mile radius around each of its two stores. The two locations are within 12 miles of each other, and are 6,800 and 9,800 square feet in size, respectively. Each can accommodate significantly higher revenue without major facility improvements or capital equipment expenditures. Current operations are supported 18 employees, including 5 tire technicians, 6 auto technicians, 4 sales/customer service, and 3 managers.

Detailed Information

- Superior Name and Reputation: Established for nearly 30 years, the Company has a positive reputation for competitive pricing, customer consultation, and repairing only what is needed, as well as name brand tires and parts. - Diversified Customer Base: Other than the top two customers, which accounted for 3% and 2% of Company revenue in 2015, no single customer accounted for more than 1% of revenue during the historical period. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account. - Excellent Operations and Company Structure: Each store has its own experienced manager, who deals with customer sales, reporting, and operational management. The stores are also centrally-linked to the Company's internal operating system, which can generate up-to-the-minute reports on invoice statistics, individual product sales and margins, inventory, and customer information.
Support & Training:
As needed
Reason for Selling:

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George Nova

Business Listed By:
George Nova

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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