Wholesale/Retail Tire Store with Real Estate

Industry

Location

Financials

Business Summary

Summary Description
This is a great opportunity for someone to continue a well established business with an excellent reputation. The wholesale tire division offers high quality tires to more than 150 accounts in the Midwest. The convenience and gas station is located on a busy street in a growing part of a metropolitan Midwest city. Fuel sales for 2004 were approximately $1,950,000 of revenue and inside sales totaled $1,250,000. The service shop sells new tires as well as other parts and services including: batteries and accessories, oil changes, and basic automotive maintenance. The company maintains good financial records and can document all of the revenues and expenses reported. The sale of the business includes the real estate ($ TBD), inventory ($631,000) and FFE ($300,000).

General Information
Facilities: The convenience store was recently remodeled and is in excellent condition. Approximately 2,000 square feet of space inside this convenience store, and 8 pumps sell branded gasoline 24 hours/day. The c-store is open 18 hours/day and the pumps offer automated service through night hours. The tire shop has 3 bays and a customer service area within the 3,500 square feet of space. The shop has a large parking lot that allows easy customer access during peak business hours.

Growth and Expansion: The business is located in a fast growing area of the Midwest which should facilitate future growth. This business is well suited for an owner operator that can maintain the current level of business and manage future growth.

Support/Training: The seller will provide training to a buyer through a transition period. A buyer need not have previous automotive experience as this shop performs light automotive services.

Reason Selling: Retirement

Employees: 16