Well-Established, Commercial and Retail Tire Center

Contact Seller
Commercial and Retail Auto Service Center
Asking Price:
$997,000

Gross Revenue:
$1,620,711
Cash Flow:
$360,007
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$75,000
included in asking price

FF&E:
$30,000
included in asking price

Real Estate:
 Not Disclosed

Share this business:

Business Description

A well-established, consistent million dollar plus automobile and truck commercial service center in Eastern North Carolina. The Company offers tire sales, roadside assistance, fleet maintenance, commercial services, oil changes, tune-ups, engine and transmission analysis and repair, inspections, battery replacement and many more services. This turnkey company is an excellent opportunity for a strategic buyer to step into a consistent profitable operation.

About the Business

Location:
North Carolina
Year Established:
2007
Number of Employees:
5 FT
Facilities:
Founded in the early 1980s, the Company operates from a 1.8 acre complex, employing 5 full-time employees. The business has a long history of successful/profitable operations in this location. The owner has developed a skilled staff that is experienced and loyal. The location of the business is conducive to the success of the company being located in the vicinity of major economic hubs of New Bern, Greenville, Wilson and Goldsboro.

The facility consists of 10 bays, 9 of which are fully equipped. The 7,020 square foot facility sits on 1.8 acres, leaving plenty of room for customer parking. The major equipment Includes 9 lifts, an alignment machine, and an exhaust lift.

The property may be purchased in conjunction with the business for $275,000. If the Buyer is seeking bank funding, the addition of the real estate will have a positive impact on the debt service calculation.

Note: the combined Seller Discretionary Earnings for the real estate holder is $387,507 (the SDE for valuation purposes plus the $27,500 in rent that is being charged to the P&L for valuation purposes).
Market Outlook/
Competition:
Customer markets are shared between commercial (39%) as well as retail customers. Management is proud of the many loyal customer relationships built over the Company’s history and believes customer relationships will successfully transition to new owners.

Competitive Landscape: Success in the commercial tire and services is driven by speed to service, quality inventory and having a good reputation. The company excels in each of these areas and is well positioned for continued future growth and success.

Market Position: The vertical very fragmented market, growth opportunities exist through market consolidation. Customer markets are shared between commercial (39%) as well as retail customers. Management is proud of the many loyal customer relationships built over the Company’s history and believes customer relationships will successfully transition to new owners.

Competitive Landscape: Success in the commercial tire and services is driven by speed to service, quality inventory and having a good reputation. The company excels in each of these areas and is well positioned for continued future growth and success.

Market Position: The vertical very fragmented market, growth opportunities exist through market consolidation.
Growth & Expansion:
Success in the commercial and retail tire and services is driven by speed to service, quality inventory, and having a good reputation. The company excels in each of these areas and is well positioned for continued future growth and success. Growing Demand: Depends on miles driven and the number of cars on the road. The increased complexity of vehicles, which makes it more difficult for vehicle owners to perform do-it-yourself repairs, is also driving demand. Revenue (in current dollars) for US automotive repair, maintenance and services is forecast to grow at an annual compounded rate of 3% between 2015 and 2019.
Contact the Seller

About the Sale

Reason For Selling:
The principal is retiring.
Training/Support:
Will train for 4 weeks @ $0 cost.
Seller Financing:
$147,450 down/$149,550 for 120 mos. @ 8%/Other Financing.

Listing Info

ID:
1665721
Ad Detail Views:
0

Contact the Seller
months
Please confirm you're not a robot
Contact the Seller
Business Listed by

Tully Ryan

Murphy Business & Financial Corporation

 Show Phone Number

View My Active Listings
Sponsoring Broker:

Ron Buck
Murphy Business & Financial Corporation


Similar Listings


Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.