Profitable and long-established tire and automotive service/repair store located on busy intersection in desirable location. This is a well-run business with clean, up-to-date facility. Seller is ready to retire and will provide transition to new owner and may consider providing some financing to the right buyer.
The business operates in a recession-proof industry and did not experience a downturn even in 2008. The owners state that during their 26-year business ownership history, there has never been a drop in revenues because “everyone needs tires” and other automotive repairs and service. As an independent owner, there is no restriction on the product and service offerings.
This business and been lender pre-qualified (including working capital, business asset and real estate purchase).
This is a consistently performing business with repeat customers and very little competition.
Tire and automotive service and repair store has easy access, on a corner lot on a major thorough-fare. Building is 5,851 square feet with 6 service bays, retail area, and manager's office. Land is a corner lot with approximately .89 acres.
The industry is expected to grow more than 2% compounded annually over the next five years.
Nearest competitor is 7 miles away. Other competitors only sell tires.
Owner is ready to retire after 30-plus years in business.
Will train for 4 weeks @ no cost. An individual who is experienced in retail management, or related complementary customer-centric businesses is an ideal candidate to purchase this business. Additionally, prior management/supervisory experience and a general business background would very helpful. If you have management experience, and 20% of the purchase price in cash (or in your IRA or 401k)* for a down payment, this business could be yours. *Note: There is no need to withdraw any funds from your IRA or 401k to purchase a business. There are special financing programs available that allow your use of retirement funds without taking a taxable distribution. Please contact the Business Intermediary listed in this document for a personal introduction to these resources.