Tire Sales & Automotive Repair - 2 Locations/9,000 SF each -

FL

Seller Financing Available
Tire Sales & Automotive Repair - 2 Locations/9,000 SF each -
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Asking Price: Get Financing: N/A

Cash Flow: N/A

Gross Revenue: $5,200,000

EBITDA: $262,000

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1974

Tire Sales & Automotive Repair - 2 Locations/9,000 SF each -

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Business Description

This Company operates as a tire dealer and provider of auto services. With two locations eight miles apart, it provides tires for passenger cars, light truck, medium truck, off road, specialty, high performance, agriculture, and commercial use. Automotive services include oil changes, front end alignment, brake jobs, shocks, and minor mechanical repair. Tire brands represented include BF Goodrich, Bridgestone, Cooper, Dayton, Dunlop, Falken, Firestone, Fuzion, Goodyear, Mastercraft, Michelin, Mickey Thompson, Pirelli, Riken, Toyo, Uniroyal, and Yokohama.

The Company employs two outside sales personnel, and each location has one store manager and three assistant managers. The outside salesmen are responsible for acquiring new customers as well as maintaining existing accounts, while the inside salespeople service existing accounts and walk-in customers. Marketing and advertising efforts include seasonal local television ads, advertisements in 8-10 annual HOA directories and service reminders. Overall, the shareholder is supported by 34 full-time 2 part-time employees.

Detailed Information

Real Estate:
Owned
Building SF:
N/A
Employees:
34
Competition:
• Diversified Customer Base: No single customer accounted for more than 3% of revenue during the historical period, with the top five in 2017 collectively contributing less than 7%. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account. • Superior Name and Reputation: In business for over 44 years, the Company is well established with an excellent reputation as a tire dealer and automotive service provider, with two locations for customer convenience. • Brand-Name Products: Tire brands represented include BF Goodrich, Bridgestone, Cooper, Dayton, Dunlop, Falken, Firestone, Fuzion, Goodyear, Mastercraft, Michelin, Mickey Thompson, Pirelli, Riken, Toyo, Uniroyal, and Yokohama.
Growth & Expansion:
Favorable Outlook for Industry Growth: Domestic demand for US tires, which is a major driver for tire dealers, is forecast to grow at an annual compounded rate of 3% between 2018 and 2022 (data published: January 2018). • Industry Demand: IBISWorld forecasts steady growth of total vehicle miles in the five years up to 2023. Total miles have historically grown at a steady pace, and this will resume as the economy grows. Oil prices will likely rise, but consumers will demand more gas-efficient vehicles rather than reducing distances traveled, providing steady growth in total miles
Reason for Selling:
Reitrement
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(from currently available funds)
 
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Mario Dieckmann

Business Listed By:
Mario Dieckmann

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe


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