Commercial Truck Tire Dealer & Retreater, Owner Absentee! (37996)
| Asking Price: | $3,150,000 |
| Gross Revenue: | $6,347,805 |
| EBITDA: | $525,000 |
| Real Estate: | $2,000,000 |
| Cash Flow: | $749,278 |
| Inventory: | $267,367 |
| FF&E: | $850,000 |
| Established Year: | 1981 |
Located in the Midwest in an industrial park with excellent highway access, this business specializes in selling commercial truck, commercial construction & farm tire sales and service. They offer many major tire brands and a full line of high-quality retread tires. This company caters to truckers, contractors, farmers & manufacturers, plus light truck and passenger vehicles that make up to 10% of sales. The company is equipped with eight service trucks to provide 24-hour roadside and mobile tire assistance. No individual client accounts for more than 4% of the annual income, allowing industry flexibility to optimize newer strategies. Offered as a debt-free business after payables of about $490K. Revenues totaled $6M in 2022, alongside DSE of $768K and an adjusted EBITDA of $525K. Projections for 2023 aim to surpass $6.5 Million! In prime condition with large expansion opportunities, a two-building property measures around 22,620 square feet, collectively including about 19,620-sq.ft. of production and warehouse space, plus 3,000-sq.ft. of office room. Owners prefer to lease at $11,500 per month but will consider purchase of the real estate. Marketing efforts rely on local referrals from a repeating clientele, backed by an informative website and online presence. An experienced personnel of eighteen nonunion employees with long-standing retention history will remain post-sale and continue operations after a negotiable transition period where owner keeps current manager role. Through low client turnovers, great service ratings and product diversity, plus years of ongoing reputations, excellent growth opportunities exist via more aggressive advertising, streamlining, and social media engagements. Based on an independent evaluation!
