A well-established, profitable tire shop of a well-recognized brand with its own property in a growing community in Wetaskiwin, Alberta.
The current owner started the business in June of 2000 and is ready to retire. The business has not only successfully survived the pandemic, but has also grown its revenue and earnings.
The business operates as a branded tire shop, which is a member of a well-known buying group, out of premises that it owns. The business currently provides tire services only, with no other automotive or mechanical services being offered. With the addition of a licensed mechanic, the new owner would be able to expand the business significantly, capitalizing on providing additional services to its already established customer base.
The business owns the real property, consisting of approximately 3 acres of land with 16,000 sq.ft. premises that include a showroom and drive-through bays. The real property is included in the sale.
The business is well-regarded by customers for its second-to-none reputation for customer service and long-term presence in the community. The business serves a lot of repeat customers from every-day household vehicles to freight line and oilfield companies and farmers.
The owner of the business is responsible for day-to-day operations, staff training and inventory management. In addition to the owner, the business employs eight full-time and one part-time employees.
The equipment of the business consists of several vehicles, trailers, tractors, a forklift, and a full range of tire shop equipment, as well as storage fixtures and office equipment. The business carries a significant amount of inventory, consisting of various types and sizes of tires, which allows it to serve a wide variety of customers without delay. The purchase price includes $500,000 worth of inventory.
The business is offered for sale on the basis of a share sale transaction.
There are no special licenses or skills needed to operate the business. The seller has agreed to assist the incoming buyer with one month of training at no extra cost, to accommodate a smooth transition, and will also be available for consultations afterwards.