Listing ID: OTL220119

Location: Leduc, AB

Business Advisor: Neil Gerritsen
(Contact Mr. Gerritsen)

Direct: 780-919-1107

Business Type

OK Tire- Automotive Repair and Tire Shop

 

Business Overview

With 300 locations coast to coast; this company is the largest independent tire and auto service retailer in Canada. They carry a variety of products from farm, to passenger vehicles, all the way to specialty programs. Each store is independently owned and operated and are all uniquely based on their geographic location. This franchise carries a variety of different popular sized tires and brands and they have 11 regional distribution centers that span all the way across Canada.

Why This Business

  • Location
  • Well established
  • Profitable
  • Loyal clientele
  • Competitive pricing
  • No royalty fees
  • Reasonable monthly advertising fees
  • Active lease in place
  • All assets included in price

Are the current owners the founders?
No, the business was acquired in 2014.

Owner Support/Training
Negotiable.

Reason for Sale
Owner is looking to pursue different ventures.

Business Premises and Location

Does the Vendor own the premises?

No, the premises are leased.

Is the premises part of this sale? 

No.

What is the cost of the lease? 

Additional information upon request.

Documents Available For Review (Subject to Offer)

Business Sales Memorandum, Financial Statements, Equipment List

Operational Summary

Snapshot

Annual Revenue: $1,436,380

Information

  • Year Established – 1982

  • # of Employees – 8

  • Assets – $400,000

  • Inventory – $154,000

  • Asking Price – $899,000 + inventory

  • Seller Financing – Not applicable

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