SOLD: Well established independent retail tire store located in a very high traffic corridor of the Dallas-Fort Worth Metroplex. Currently, there are two installation bays, but there is more than enough room on the lot to expand the building, not only to grow the tire business, but also to capture the ancillary auto service business (e.g. state inspections, tune-ups, etc.)
| Listing No: MBFS-600705648 | *Lender Pre-Qualified* |
| | |
| Category | : | Automotive | SIC | : | 5531 | |
| Detail | : | Tire Dealer | Price | : | 965,000 | |
| County | : | Tarrant | Down | : | 965,000 | |
| State/Prov | : | Texas | Adj Net | : | 76,750 | |
| Country | : | USA | Sales | : | 420,185 | |
| Reason for Sale | : | Owner wants to retire |
| General Location | : | Management |
| Organization Type | : | Sole Proprietorship Hours Owner Works: 40 |
| | : | Years Established: 12 Years Owned: 12 Emp FT: 3 Emp PT: 0 Mgrs: 1 |
| Non Compete | : | Miles: 50 Years: 5 Weeks Training: 4 Cost: 0 |
| Operating dys/hrs | : | Monday-Saturday 8am-7pm |
| Skills/Licenses | : | Management |
| Business is | : | Relocatable: Y Home Based: N Franchise: N Lender P/Q: Y |
A Dozen Due Diligence issues with Auto Shops for Sale in Texas
In addition to financial matters, a buyer interested in a car shop for sale in Texas should consider discussing many of the following issues with the shop owner or their business broker:
How does the company build trust with customers?
Repeat business is vital in automotive. Are customer satisfaction programs in place to build customer trust?
What specialized services are offered?
Niche services add greatly to profitability.
How might a relationship with a car dealer improve business?
This is one of the most over-looked marketing channels. New and used car dealer are under pressure and are open to gaining any new market advantages.
What percentage of past services has involved a comeback?
Comebacks are anything that must be redone. The industry standard is less than 5%.
Geographically, how big is the market?
A local market typically has a radius of 20 or 30 miles.
What are the most effective promotional channels?
These can include advertising, direct mail, joint-promotions, and highway signage.
What seasonality might be expected for sales?
Mechanical repairs tend to be higher in the summer, collision repairs in the winter.
How does pricing compare to the competition?
This includes pricing from national chains such as Firestone or Sears. Is there any new competiton in the market area?
How do governmental regulations effect operations?
Environmental issues may be at the top of the concerns for a new owner.
What specific staff skills are required?
This is especially important for specialized operations and frequently require certifications.
What is done to reduce turnover?
Automotive industry turnover has historically been high.
What technology might improve operations?
Technology is evolving rapidly in the automotive industry. It is equally available to help your business or your competition.
Resources for Texas Auto Shops for sale
Auto Services Assocaition
How to Conduct Market Research (SBA)
Frequent Questions about Texas Sales Tax
Confidentiality Policy
As business brokers, we protect the identities of the businesses, the business owners and prospective buyers until we receive completed, signed Confidentiality Agreements and personal or corporate financial statements providing proof of the buyer’s financial competence to meet the down payment. We understand that the sale and purchase of businesses must be held in the strictest confidence to give the involved principals the opportunity to advise employees, customers and others of the transfer when they feel the time is appropriate
For additional information contact Bob Fariss
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