Wholesale Tires
Wholesale Tires
Price: $3,500,000
Industry: Wholesale Trade (NAICS 42)
Listing ID: 727815
2021 Revenues up 12% through April. Operates in Florida and Georgia with a primary trade area of 27 counties and a population of about 800,000 people. Internet marketing was started in 2018 and is a growing business segment. In the last 4-years the business has grown an average of 13% per year and 2019 was 18.5% over 2018. Gross margin has been increasing in 2018 and 2019 and is up 2.31% over 2018, which is resulting in increased discretionary cash flow with potential for future growth. Through July 2020 the business was tracking 8.3% above 2019, but 1st quarter is historically strong shipping agricultural orders from 4th Qtr of the prior year. The COVID-19 impacts are yet to be included in YTD revenue and updates will be posted monthly going forward.
Down Payment: 3,500,000
Gross Revenue: $8,214,764
Cash flow: $591,611
Accounts Receivable: 840,000 Not in price (Included in Price)
FFE Included: Yes
FFE: 125,000
Terms and Conditions?:
Seller prefers all cash but may consider seller financing for a well qualified buyer with collateral.
Reason For Sale:
Retirement
Training & Support:
30 days. President would be interested in negotiating an employment agreement with new owner.
Year Established: 69
Days & Hours of Operation: 5 days, 7 a.m. to 5 p.m.
Owner Hours Per Week: 5 days, 7 a.m. to 5 p.m.
Non-Owner Payroll: 416,000
Employees: 11
Managers: 4
Monthly Rent: 4,200
Type of Location: Warehouse
Square Footage: 42,000
Facilities Information:
Operates warehousing in HQ city and on east side of trade area.
Historical Summary:
Well established, profitable, and growing.
Owner Qualifications:
Business and financial management, leadership of relatively small team.
Competition:
None of comparable size. Internet.
Potential Growth:
Sales have grown at 13% per year each of the last 5 years and 2019 it 18.5% over 2018. Through April 2021 revenues are up 12% over 2020.
Financing/Terms:
Seller prefers all cash but may consider seller financing for a well qualified buyer with collateral. Seller might consider selling inventory outside of bank financing.