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Offered for sale is a long-established business offering tire and wheel sales and service to customers from all across Long Island. While the current owners have owned and operated the business since 2012, it has been around, operating from the same location for over forty years. They carry consumer tires, commercial tires, farm tires, industrial tires, and OTR tires from some of the most respected tire brands such as Goodyear, Continental, and Toyo. They also offer a wide range of tire repair services and tire maintenance services, including high-speed balancing.
Even with a proven track record that speaks volumes and spans over forty years, there is still tremendous potential for growth by expanding on the current marketing efforts, increasing the store inventory, adjusting the schedule, and more. With a highly valuable foundation and infrastructure in place, this business allows for a scalable platform that can continue to display top and bottom line growth over the intermediate and long term future.
This company continues to perform well within this niche and its strong business model has allowed for 10% net profit margins over the past year, which can be expanded. However, despite their success operating the business, there remains several immediate growth opportunities which the owners have not taken advantage of. While the sellers have enjoyed the cash flow that the business offers, they are ready to sell the business as they are looking to relocate As a result, this high quality acquisition opportunity has been priced attractively at just 1.43x profits, and represents an outstanding value, considering the long-term track record and impressive cash flow. With a reliable track record of consistent cash flow, this long-established business offers a tremendous ROI and is still positioned for continued growth moving forward.
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This business is operated from a high traffic/high visibility area on the South Shore of Long Island.
With a highly valuable foundation and infrastructure in place, this business allows for a scalable platform that can continue to display top and bottom line growth over the intermediate and long term future.
The owners have established a pristine reputation across Long Island, and are known for their quick and reliable service and unbeatable prices, which entices customers to return to The Tire Store rather than go to their competitors. They take pride in setting themselves apart from their competition by offering top notch customer service. This is clearly apparent as over half of the business’ revenue comes from repeat customers and referrals.
Sellers are looking to relocate.
The sellers are committed to the company's ongoing success and will provide at least 60 days of complete training and support.
Possibly a small amount.
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