Profitable Tire & Automotive Shop in Lifestyle Area (17917)

Seller Financing Available

This thriving automotive repair facility located in beautiful northern Michigan boasts the largest on-hand tire inventory in the county! Providing a wide array of mechanical services, including comprehensive automotive repair, tire supply, replacements, wheels and repair services, the shop is well-known in the community and surrounding area for its exceptional tire expertise and trustworthy automotive repair. Additional revenue stems from automotive maintenance services such as oil changes, filters and fluids. Sales in 2023 had a stable increase over the prior year at $2,113,067 with Discretionary Earnings of $358,202, showing both consistency and reliability. Projections for 2024 climb over $2.2 Million to continue their annual growth trends. The owner is active within the company managing financial affairs and participating in day-to-day operations alongside six experienced employees likely to stay post-sale. Growth opportunities exist with relatively minimal capital infusion, such as email/text engagement with current customers and targeted advertising to additional commercial accounts. The well-maintained leased facility features six service bays, a large and inviting showroom, a comfortable waiting area, adequate office space and large storage capacity. The main floor footprint totals over 8,000 square feet with several thousand square feet of additional storage space located in the spacious attic. Situated on a main thoroughfare, the traffic flow average for 2022 was over 28,000 vehicles per day. While word of mouth yields the most new business, marketing efforts include several forms of marketing to promote the business, including a website, radio ads, the local phone book and social media. Contact IAG M&A Advisors for full details on this pandemic and recession resistant business!