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With 70% of income from tire sales and service, this service station is a one stop shop. Operating since 1954, this business has an established reputation with long-term customers. With 3 FT employees (2 mechanics & 1 tire technician), the owner does not work on vehicles. Another part-time employee assists on the retail portion of this business. This efficient and knowledgeable team earned $720,878 in revenue for 2018 with $114,150 in cash flow.
This business has the ability to fix most automotive issues with the exception of transmission and engine issues in their 6,800 sq. ft. facility. Though tire replacement and repairs are the primary focus- they also offer alignments, brakes, propane, kerosene, gasoline, and diesel fuel. Most work is completed within 4 hours, and they strive to return vehicles to the customer on the same day.
The owner of this business is ready for retirement and would be flexible throughout a transition period with a new owner. With an optimal location near the interstate, marketing to a wider audience of travelers would be an excellent opportunity for growth.
56,000 sq. ft.: Store front, storage, 2 garages with hoists, backroom
Market to a wider audience, increase team to meet anticipated increase in business, acquire additional locations, extend hours
M-F 8-5, Sat. 8-12
Flexible 90 days transition
Purchase Price: $273,000
15% Buyer Down Payment: $40,950
15% Seller Financing: $40,950
70% Bank Loan: $191,100
A 15% down payment of $40,950 returns $74,853 in the first year after debt payments!
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