Located in the Midwest in an industrial park with excellent highway access, this business specializes in commercial truck, commercial construction, & farm tire sales and service.
They offer many major tire brands and a full line of high-quality re-tread tires. This company caters to truckers, contractors, farmers, & manufacturers, as well as light trucks and passenger vehicles that make up 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 $6 million in 2022, alongside a DSE of $768 million and an adjusted EBITDA of $525 million. 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 space. 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 repeat clientele, backed by an informative website and online presence. An experienced staff of eighteen nonunion employees with a long-standing retention history will remain post-sale and continue operations after a negotiable transition period where the owner keeps the 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!
