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Financial Information

Asking Price: $575,000

EBITDA: $310,900

Gross Revenue: $947,412

Cash Flow: $110,900

FF & E: $129,000

Inventory: $80,000

Financing:

Business Location

North Georgia

Description

This Company has been in business for more than 70 years and has a well-established repeat customer base. In addition to tire sales and service, this business also performs oil changes and other light mechanical work. Business is fully equipped with three bays, one lift, alignment machine, and tire balancers. High traffic location in a rural, North Georgia town. Staff includes 5 full-time personnel, consisting of the owner/manager, a mechanic, 2 techs and 1 assistant manager/general service person. Bookkeeper works part-time. The Company has a reputation for honest, competent work.

The building and property are available to purchase (optional) for an additional $310,000. Owner is willing to lease property and building in lieu of real estate purchase. 

INVESTMENT HIGHLIGHTS:

  • The Company has an active customer base that exceeds 300, with more than 60% being repeat business.
  • Experienced, long-term employees that would stay on post-acquisition.

GROWTH OPPORTUNITIES:

  • Outbound Marketing: Establishing an online presence, by adding a website and social media, could expand the customer base and increase revenue.
  • Additional Services: Adding and promoting services, such as towing and roadside assistance, could provide additional revenue streams.

REASON FOR SALE

Retirement

facilities

5,700 sq. ft. facility with 3 bays and 1 lift. An additional 1,200 sq. ft. building currently used for storage

Details

Home Based:
No
Year Established:
1957
Franchise:
No
Year Acquired:
1984
Distressed:
No
Willing To Train:
Yes
Is Property Leased:
No
Real Estate Available:
Yes
Real Estate Included:
No
Days Open:
Mon-Sat
Full Time Employees:
5
Part Time Employees:
1
Is Management Staying:
Yes
Building Size:
5700 + 1200 Sq. Ft.
Sold To:
Private Investor
Sold To Location:
Jasper, Georgia
Date Sold:
9/20/18
Listing ID:
1433
Sale Details:
8 Months From List To Close

Laura Chapman

Senior Business Intermediary
770-936-9099 x 802

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