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Whitlock Goodyear Tire, Inc.

Description

This is a well-established and profitable Goodyear Tire & Auto Service shop with a strong local following. The store has been in operation since 2010, with the current owner purchasing it in 2014. Serving Cobb County, this shop has built a reputation for their high-quality service at fair prices, making them a go-to for tire and automotive services in the area. The current hours of operation (9-5, and closed Saturdays) offer a new owner significant upside growth potential by extending the hours of operation. This store is being offered for less than it would cost to build out and fully equip a new store. The owner of the store is not a mechanic, he manages the day-to-day operations. The 2022 YTD revenue through September is $500,000 with SDE of $65,000. 2022 annualized SDE is expected to be $80K+.

INVESTMENT HIGHLIGHTS:
  • Excellent reputation. Company has a large customer base and is recognized locally for providing great service at a fair price. 
  • Located in a highly visible and accessible artery, providing easy access from a broad geographic area.
  • Annualized 2022 SDE is projected to be $80,000
GROWTH OPPORTUNITIES:
  • Current business does very little advertising. Additional promotional efforts (print and/or digital) could easily lead to greater community awareness and increased revenues.
  • Current operation is only M-F, 9-5. By expanding the hours each day and adding Saturday/Sunday to the days of operation, capacity would grow significantly and expanded hours would attract a broader customer base.

Financial information

  • $275,000.00 Asking Price
  • $65,185.00 Cash Flow
  • $500,000.00 Gross Revenue
  • $130,000.00 FF & E
  • $15,000.00 Inventory
  • $63,955.00 EBITDA
  • No Financing

Reason for sale

The seller desires more time with family.

Facilities

Leased 4000 self-standing building; lease runs through 2032; current lease payment $5,600/mo.

Detailed information

  • Home Based:

    No

  • Franchise:

    No

  • Distressed:

    No

  • Relocatable:

    No

  • Year Established:

    2010

  • Year Acquired:

    2014

  • Willing To Train:

    Seller is willing to train new owner for a smooth transition.

  • Real State Available:

    No

  • Is Property Leased:

    Yes

  • Real Estate Included:

    No

  • Is Management Staying:

    No

  • Days Open:

    Mon - Fri

  • Hours Open:

    9am to 5pm

  • Full Time Employees:

    3

  • Building Size:

    4000 SQ. FT.

  • Listing Id:

    SA1635

Contact Us
Business location

Cobb County, GA

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