08 8361 3074

Franchised Tyre Shop North East

$435,000 + SAV ($190,000 approx.)

Business Description

This well known tyre franchise specialises in tyres, wheel alignments, wheel balancing, repairs (punctures), batteries and Nitro Gen tyre inflation.

This store has been operating for around 30 years. The current vendor bought the business in November 2013 & after successfully running the business for the past 8 years, is now looking to transition into retirement.

The business has delivered consistent sales over many years & importantly, sales are up around 12% as of the end of February 2021 compared to last year’s sales.

At a Glance

  • Large Australian franchise
  • Operates 6 days per week
  • Operating for around 30 years
  • Prominent main road location
  • Vendor looking to retire

Tony Iasiello 0412 217 608

Extended Price Information

Goodwill including Plant & Equipment $435,000
Stock at valuation (approx) $190,000

Staff Summary

There are 9 employees including a Manager, Bookkeeper, Tyre Fitters & Tyre Technicians.

Lease Summary

Current Rent $7,323.31 per month + GST
Lease Term 5 years
Lease Commencement 3rd October 2017
Lease Expiration 2nd October 2022
Right of Renewal 2 x 5 years
Outgoings Paid by tenant
Adjustments CPI annually