Listing Number: 13485-841837
Description
Located in southern North Carolina, this well-established, debt-free, commercial, and retail automotive repair and tire company is very stable and profitable. The owners wish to retire and transition the company to new ownership to continue its successful operation and capture new growth opportunities.
The business includes a complete automotive repair center that offers a full line of passenger and light truck tires. The automotive repair services offered include tires, alignment/ suspension, brake, air conditioning, diagnostic/engine, electrical batteries, heating/ cooling, driveline, and manufacturer maintenance including oil changes. The Company is a Michelin, BF Goodrich, and Uniroyal tire dealer. It can order all major brands of tires and rims from Goodyear, Firestone, Bridgestone, Cooper, and others as well as tires for farm and off-road equipment including earth movers. A commercial division focuses on tire retreading for large commerce vehicles such as semi-trailer trucks and tractor-trailers, and farm equipment and provides remote services for tire repair.
The business has a 60+ year brand name and is well-established in its market, receiving official recognition from local business leaders. It has an experienced workforce of over 20 individuals with a large majority of current employees having worked there for more than ten years and a very experienced management and office team which will remain with the business following the sale.
Listing Details
- Price: $2,700,000
- Down Payment: $400,000
- Sellers Discretionary Earnings: $762,190
- Total Sales: $4,408,030
- Location: North Carolina
- Inventory: $356,732
- FF&E: $412,311
- Employees: 25
- Year Established: 1961
- Reason for Selling: Retirement
- Category: Automotive
