Franchised Tyre Shop North East

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

Web ID: S9817

Business Description

At a Glance

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

This well known tyre franchise specialises in tyres, wheel alignment, 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.

Tony Iasiello 0412 217 608


Extended Price Information

Goodwill including Plant & Equipment $435,000
Stock at valuation (approx) $190,000
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$625,000


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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

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