Tire Retailer & Provider of Mechanical Services / Repair

NC

Tire Retailer & Provider of Mechanical Services / Repair

Asking Price:N/A

Cash Flow:$254,000

Gross Revenue:$2,350,000

EBITDA:$141,000

FF&E:N/A

Inventory:N/A

Established:1959

Tire Retailer & Provider of Mechanical Services / Repair

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Business Description

The Company is an authorized passenger and light truck Michelin, BFGoodrich, Goodyear, and Uniroyal tire dealer.

The Company serves a diversified customer base including retail and wholesale business in Cabarrus County (47.5%), Rowan County (47.5%), and Charlotte, North Carolina (5.0%). No one customer provides a material portion of annual revenue.

The Company employs two inside sales personnel. It runs ads on the local gospel radio station and in the local newspaper website, has an informational company website and is very active in the community through various event and youth/sports organization sponsorships.

Strong Net Working Capital: The Company's current ratio was 4.4 as of September 30, 2012. A ratio above 1.0 indicates a firm's ability to meet short-term obligations.

Brand-Name Products: The Company is an authorized passenger and light truck Michelin, BFGoodrich, Goodyear, and Uniroyal tire dealer.

Diversified Customer Base: No single customer accounted for a material portion 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.

Detailed Information

Employees:
9 FTE

Listing Statistics for Premium Members

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Mark Breheny

Business Listed By:
Mark Breheny

Generational Equity, LLC

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Sponsoring Broker:
Don Sawyer

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