Long-standing, Profitable, Absentee Operated Tire Shop, With Real Estate Included

Business Overview:

Located in between Charlotte and Fayetteville, this established tire shop has increased revenue each of the last 5 years. The business has been absentee operated during that time and continues to draw customers across county lines. The predominant share of the revenue is comprised of commercial fleets - about 65/35 split commercial/consumer. Key Features:- Respected Legacy: Operating for over a century, this tire shop has built a solid reputation in the community and beyond. Known for reliability and quality service, it boasts a loyal customer base including numerous commercial fleets.- Prime Real Estate: Situated on 2.3 acres, the property includes over 5,000 square feet of shop/office/sales space and a pole barn of over 2,500 square feet used as a warehouse/storage space. Appraised at $580,000.- Absentee Ownership: Currently operated with minimal owner involvement, this business is turn-key. The seven dedicated employees ensure smooth operations, allowing the owner to maintain a full-time job or pursue other interests.- Expansion Potential: With additional space available, there are numerous opportunities to diversify revenue streams such as adding a towing component or simply leasing the additional space. The owner would like to step away from having the responsibility of the shop and focus on life outside of the tire business. This business has potential to further streamline operations, expand services, market to other commercial fleets in the surrounding area, and/or utilize the large existing property to create other means of cash flow.

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Property Features and Assets:

The inventory is high because of the high value tires currently in inventory. Some of the vehicles serviced have tired worth as much as $6000 per tire.

Market Competition and Expansion:

The tire shop has strong brand recognition in the local and surrounding community. It is well known for performing fleet maintenance and still has opportunity for growth. With the large plot of land and pole barn in the back, this would be a great opportunity to start a towing business. It has previously served in that capacity.

Reason for Selling:

Owner inherited the business but does not wish to be tied to it any longer.

Additional Details:

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