Sold

Established Tire and Towing Businesses

$1,795,000

Cayuga County, NY

This business is sold. Subscribe to our Listing Alerts for early access to new listings.

Gross Revenue

$3,064,775

Owner's Cash Flow

$522,454

Min Down Payment

$179,500

Employees

20 FT

Business Summary

Founded many decades ago, the tire business has been a hallmark of the local community and has collected a large and loyal following thanks to its reputation for friendliness and trustworthiness. In addition to tire services, the shop offers several segments of automotive services, including oil changes, brake repair, wheel alignment, air conditioning repair, and inspections for New York State. Within the last decade, the current owner opened an accompanying towing shop, which has many synergies with the auto shop and has been an incredibly lucrative investment. The towing company has strong partnerships with the major auto insurance providers to provide roadside assistance to automobile owners. They also offer salvage towing for the same auto-insurance providers and salvage yards. The towing and tire businesses, which share the same trade name, are being sold together given the synergies that exist between the two and the shared overhead costs.

Key Highlights

Year established

1983

Real estate

Owned will lease

Reason for selling

The current owner is retiring.

Support and training

The current owner will stay on for up to 6 months to train the new buyer.

Broker of Record

John McCleary

Get notified about similar available businesses.

This business is sold. Subscribe to our Listing Alerts for early access to new listings and the latest resources for navigating small business acquistions.

This business is sold. Subscribe to our Listing Alerts for early access to new listings.