Two Location Tires & Automotive Services Provider

GA

Two Location Tires & Automotive Services Provider

Asking Price:$10,000,000

Cash Flow:$950,000

Gross Revenue:$21,600,000

EBITDA:$950,000

FF&E:N/A

Inventory:$3,000,000

Rate/Sq. Ft.:N/A

Established:1972

Two Location Tires & Automotive Services Provider

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Business Description

Land is available for an additional $5,000,000.

Business Description
Founded in 1972, the Company offers a wide variety of tires and automotive services through its retail, wholesale, and commercial distribution channels. The Company offers brands from 38 tire manufactures and is an authorized dealer for Michelin, Bridgestone, Kenda, Omni, Cooper, and Goodyear.

For 2015, revenue breakdown was Tire Sales (79%); Service (11%); and Part Sales (10%). The sales department includes 13 professionals diversified into the outside and inside sales segments. The inside sales division includes nine professionals of which six are dedicated to retail, two wholesale, and one commercial. The outside sales division employs two outside sales personnel for commercial and wholesale development.

The customer base is comprised of retail consumers, commercial consumers, and wholesale customers. Revenue mix breakdown in 2015 was Retail (58%); Commercial (22%); and Wholesale (20%).

• Critical Mass: Estimated sales of $21,600,000 for 2016 will be attractive to buyers looking to establish a foothold or to increase market share in the tire and automotive services industry.

• Increasing Gross Profit: Gross profit increased each year over the historical period ranging from 18.4% of total sales in 2013 to 23.1% in 2015.

• Diversified Customer Base: 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.

• Account Receivable (A/R) Collections Stronger than Industry Norms: Accounts receivable days outstanding of 8 days and turnover rate of 48 days was considered favorable compared to the industry average of 10 days outstanding with a turnover rate of 36 days.

• Compiled Financial Statements: Financial statements are compiled annually by a third party CPA providing credibility to PTI’s historical performance.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
77,500
Lease Expiration:
N/A
Employees:
50FT/8PT
Facilities:
One location is 65,000 sq. ft., and the other location is 12,500 sq. ft.
Competition:
The customer base is comprised of retail consumers, commercial consumers, and wholesale customers. Revenue mix breakdown in 2015 was Retail (58%); Commercial (22%); and Wholesale (20%).
Growth & Expansion:
• Critical Mass: Estimated sales of $21,600,000 for 2016 will be attractive to buyers looking to establish a foothold or to increase market share in the tire and automotive services industry.
Support & Training:
There is an employee who can serve as general manager. Owner will be available for one month as part of the transition.
Reason for Selling:
Retirement.

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Loren Marc Schmerler, President & Founder

Business Listed By:
Loren Marc Schmerler, President & Founder

Bottom Line Management, Inc.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in The Georgia Association of Business Brokers (GABB).

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