Tires & Service Franchise w/RE

CA

Tires & Service Franchise w/RE
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Asking Price: $4,650,000

Cash Flow: $804,000

Gross Revenue: $3,238,125

EBITDA: N/A

FF&E: N/A

Inventory: $120,000*

Real Estate: $2,800,000

Established: 1989

*not included in asking price.

Tires & Service Franchise w/RE

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Business Description

A two-store mini-chain in northern CA.

Store #1: Established thirty years, the store’s revenues have increased steadily during the past five years under the current owner. A roomy, well-maintained building allows for the store’s continued growth and profits.

Store #2: Sales have skyrocketed ever since its Grand Opening in 2017. At that time, the building was completely refurbished inside and out, ground to top. This store is in a town with a population base nearly five times larger than of store #1. Thus, over time it will become the bigger store in sales and profits.

The two stores are twenty-five miles apart in the same metro region. The part time, out-of-town owners provide general oversight remotely.

Each store is situated on high volume traffic artery leading into town. Both enjoy sizeable revenues from national and local fleet accounts such as Enterprise and Comcast.

Reason for sale: The sellers moved and are raising cash to fund new ventures.

The asking price includes the business and the real estate at both sites.

SBA pre-approved financing includes a twenty-five year note with the buyer’s fifteen per cent down payment.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
11,935
Employees:
15 FT 3PT
Competition:
Limited competition
Growth & Expansion:
Opportunity to open one or two more stores
Support & Training:
Franchisor: 4 weeks. Owner: 1 week.
Reason for Selling:
Owners moved
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Michael Floorman

Business Listed By:
Michael Floorman

BTI Group/Business Team

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB).

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