Issue link: http://deals.uberflip.com/i/1533848
Commercial New and Used Tire Sales and Services Location: Texas #65128 Sign NDA ► 2024 Revenue Est. $4,750,000 2024 EBITDA Est. $505,000 DISCLAIMER: All information contained in this document has been provided by the subject company to Generational Equity and while believed to be correct has not been verified. Accordingly, Generational Equity makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that Generational Equity shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by Generational Equity of this document. At all times Generational Equity and its affiliate network members is an agent for the seller and not for the buyer. Generational Equity's fees are paid by the seller. Tim Cook Senior M&A Advisor tcook@generational.com Office: 281-799-2308 Generational Group 3400 N. Central Expressway, Ste. 100 Richardson, TX 75080 Fax: 972-392-8564 BUSINESS HIGHLIGHTS: This Company is a commercial tire retailer and service center. The Company derives revenue from Tire Sales, Services, and Parts. They offer affordable high-quality new tires and road-ready used tires. The Company primarily services commercial vehicles and large hauling trucks. In 2023, the Company sold 11,211 new tires and 4,805 used tires. The Company's customer base is entirely comprised of owner/operators of commercial, recreational, and passenger vehicles. Management notes that 80% of its business is considered to be local to the Houston market, while the remaining 20% are from out of state and passing through. The Company completed 10,370 transactions in 2023, at one transaction per customer, resulting in no customer concentration. INVESTMENT BANK OF THE YEAR 2016 - 2017 - 2018 COMPANY STATS > S-Corporation > 24 Yrs of Operations > 16 FT & 1 PT Employees > Repeat Business Rate 80% INVESTMENT APPEAL: • Diversified Customer Base: No single customer accounted for more than 1% of revenue during the historical period. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account. • Superior Name and Reputation: The Company enjoys a long-standing reputation for quality products and superior customer support. The Company is well known for its expertise finding the right tires and timely service to get customers back on the road. • Easy-To-Replicate, Standardized Growth Formula: Management indicates there are significant opportunities to scale the business fluidly, given the access to additional capital. The Company will be able to complete projects on a much higher level of scale, driving sales and profitability. • High-Caliber and High-Tenured Staff: The Company fosters a workplace where its extremely experienced and talented personnel are able to thrive and grow, and therefore remain long term. The Company's store manager has been in place since 2010. • Brand-Name Products: The Company represents many of the leading tire manufacturers in the industry, which enables it to meet the high-end needs of its clientele. GROWTH OPPORTUNITY > Geographic Expansion > Expand to Tangential Markets > Hire Additional Personnel