Buy a Business

This most interesting and Profitable Automotive – Tire Business is well priced. It is a fantastic location with minimum competition. The Gross Sales are Better than $1.5 Million, and have held up well during the COVID 19 problems.

There are 6 lifts and 7 experienced Mechanics that have been long term employees. There is a good Tire Business that can be expanded. The Net Profit is a strong $300,000.

The Land is 1 acer of Commercial Property and has good visibility of the Main Highway leading into the most populated area. The Business can be expanded by going after more fleet Business which will expand the Truck Tire Business.

A new owner could add additional volume by adding Auto Parts Sales including being an “Agent” for Used -Remanufactured Auto Parts supplied by several Local Auto Salvage Yards. There is room for “Used Auto Sales” if additional income is needed.

The Asking Price for this Business is $900,000 or about 3 times Earnings, (it has been valued at 4 times Earnings). The Land & Buildings are appraised at $690,000, The Asking Price for the Business & Land is $1,560,000.

He has Technicians that do a good job on inspections of Motor Cycles, this has added good volume to the Business. He does a lot of Engine work, Front End Alignments, Brake Jobs, Transmission repairs and Md. State Inspections.

They supply a Suttle Service to near-by Employment Centers. They are the # ONE Local repair shop for the Market area.

The Owner will consider holding a small Note on the Business. Please ask questions. This is a must see, it is a very “Clean” Facility and shows well. This Business is in Southern Maryland, but has customers from Prince Georges and Arundel Counties. An owner may also want to add a Tow Truck to this Business who would bring in more Customers.

Dennis Riley 240-462-8220