PRICE REDUCED - Franchised Tire Store

, Arizona 4 views 0 favorites

Financial Highlights
Asking Price
$829,000
Revenue
$1,021,000
Business Description

Stabilized franchised (licensed) tire store on a heavily traveled artery (& U.S. Hwy) in Kingman (NW) AZ. Seller established the franchise in 2015. The license is transferrable, subject to Licensor approval. (Cy of license agreement is available from Broker.) The sale includes all FF& E - contact Broker for a complete list. The business sells a wide variety of tire brand names, and offers a variety of ancillary vehicle repair & maintenance services. Seller stocks 1,00-1,200 tires regularly; inventory runs $100-125k. Beale St. (U.S. Hwy 93) is the primary highway from Kingman, Phoenix & Tucson to Las Vegas & Lake Mead, and also the main route to the west rim of the Grand Canyon. Highway 93 connects with interstate 40 in Kingman, the Beale St. off-ramp. Historical financials are available from Broker - call or email for a confidentiality agreement. Thumbnail sketch of financials illustrated are for 10-31-21 annualized. Oct. '21 annualized cash flow is up 154% vs. 2020. Location: Kingman, Arizona Year Established: 2005 Number of Employees: 4 Franchise: Yes Real Estate: Owned Building Sq. Ft.: 5,000 Facilities: 5,000 sf building built in 1989 on a 24,997 +/- sf lot (.57 +/- ac.). The build-out has 6 service bays, and 5 roll-up doors, 3 on the front (N. side) of the building, and 2 in the back. (One bay is walled & used for equipment & inventory). The high ceiling has allowed for a loft over the customer service /office area used for storing additional inventory and archived records. There are separate electronic panels serving the office and garage areas of the building. Customer entry is from either the front or back of building. The customer service/office area has an order desk immediately inside the front door, a customer seating area with additional spill-over seating in an adjacent alcove/hallway. The manager has a large, well-furnished office. There' is parking at both the front & back of the building; 22 spaces including 2 HC. There is a large monument sign at the front driveway, especially helpful on this heavily traveled retail-heavy section of Beale St. Website: besttireandrvrepair.com/ Market Outlook/ Competition: Excellent location, visibility, and historic market presence. Seller has also developed their own website that they have managed by a 3rd party service provider. The website conveys with the sale. Growth & Expansion: There's need to add a 5th employee for the incremental improvement, particularly in the summer months. (Some seasonality)

Business Details
Industry:
Automotive & Boat
Real Estate Included:
No
About the Seller
AU
Admin User
6498
Active Listings
New
Member Since

Listed: Apr 20, 2022

Updated: 2 weeks ago

Views: 4

Favorites: 0