MergerPlace

Retail Tire and Service

Florida (Broward)


  • Asking Price: $198,000
  • Gross Income: $590,285
  • Cash Flow: $76,530
  • Real Estate: Not Disclosed
  • Inventory: $7,500
  • FF&E: $60,000
  • Listing ID: #215105
  • Established: 1962
  • Employees: 3 FT

Business Description

Business established since 1962 in Hollywood in a very high traffic street. They sell new tires and the do mounting, balancing, tire service, alignment, suspension work and brakes. Authorized dealers of Michelin and Hankook, they also sell all makes and models. Equipment includes: 4 lifts (3 big and one small), balancer, alignment system. Profitable business with a recurrent client base. Business can be increased through marketing and fleets, increasing the hours, another service could be added such as auto mechanics. Seller is tired and wants to retire. The business needs new energy.


Business Details

Primary Business Category: Services - Other Services
Location: Florida
County: Broward

Company Information

Year Established: 1962
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT

Financial Information

Asking Price: $198,000
Gross Revenue: $590,285
Cash Flow: $76,530
FF&E: $60,000
Inventory: $7,500
Seller Financing Available: Yes

Property Information

Facilities:

High traffic avenue. 3,900 sq ft at $3,700 a month. The city is remodeling the area which will make the area more attractive.

Growth & expansion opportunities:

A younger owner with energy and with an effort on internet marketing should be able to increase the volume of the business. The current schedule could be expanded. A new owner could add auto mechanics and other services to increase the lines of revenues.

Competition:

There are other similar businesses in the area. This business has a long time reputation and great location.

Reason for selling:

Retirement.

Support & Training:

Will train for 2 weeks @ no cost Business license required. General management skills and marketing knowledge a plus.

Contact Business Seller

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Business Listed By:

Andy Fischer

Murphy Business Brokers