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Profitable Tire&Automotive Service Business OKTIRE

Fort McMurray, Alberta


Asking:   $350,000
Revenue:   Not Disclosed
Inventory:   Not Disclosed ()
Real Estate:   Not Disclosed ()
Cash Flow:   Not Disclosed
FF&E:   Not Disclosed

Business Summary

For the past 12 years the company for sale has been providing exceptional auto and truck tire sales and mechanical repair service in Fort McMurray and area. The 5 bay location is fully staffed with a General Manager, Service Writers, Mechanics, Apprentices and Tire Technicians. Fully equipped with all of the latest equipment. The OK Tire Gregoire location services thousands of commercial and consumer customers each year. The location has been owned by the current absentee owners since June 2011. Gregoire Industrial area is home to dozens of oil field services companies including Hertz, United, Connacher Oil and GP Metal, all OK Tire customers. Although the business has seen a robust corporate customer base, not one client exceeds 10% total sales. The store also provides outcall services. Before 2011, the store was independent, The Tire Guy, and doing $1.7MM in sales out of two bays with one hoist. In 2014, we added an additional bay and two new hoists. There is an excellent long term lease in place and all staff are willing to stay with the company. The store has recovered from the 2016 wildfire and is increasing sales and profit monthly. The current Edmonton based owners visit the store twice a year and provide sporadic support. The business would greatly benefit by having a local owner/operator/partner which would help fuel growth. Recast EBITDA average, excluding wildfire recovery is $217,000.00

General Information

Year Established: 2005

Employees: Not Disclosed

Facilities and Assets:  4 years remaining on current lease.

Year of Construction: 2005

Market Outlook

Competition: OK TIRE (Gregoire) is located on the South side of Fort McMurray, in Fort McMurray's Industrial area

Growth and Expansion: Current owners feel that if owner was local, energetic go getter this could be a 3 million dollar a year business.

About the Sale

Support/Training: Sellers would be willing to provide some training.

Reason Selling: Owners reside in Edmonton

Contact Information

Lisa Hartigan
This business for sale has a web site : http://oktirefortmcmurray.com

Kazooga Ad # 105531   |   Type: Automotive Repair and Services | Marine Repair, Parts & Services

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