Turnkey Tire & Auto Shop With Real Estate For Sale

Description

Automotive service business and real estate for sale in Blackstone, Massachusetts. Harpin's Tire Shop has operated in the Blackstone Valley since approximately 1940 and combines tire service, mechanical repair and used vehicle sales.

Business profile

• Approximately 85 years of operating history
• Tire sales and service
• General automotive repair
• Used vehicle sales
• Real estate included
• Shop equipment included

Services

The tire side of the business includes new tire sales, installation, balancing and repair. General mechanical work provides another source of revenue from customers returning for routine maintenance and vehicle repairs.

The company also sells used vehicles, adding a separate sales channel alongside the service operation.

Property

The underlying Blackstone property is included with the operating business. The seller describes the location as being on a well-traveled road with good visibility.

Buyers should evaluate the real estate separately, including building condition, property taxes, zoning, title and suitability for continued automotive use.

Assets

Shop equipment required for the current operation is represented as part of the sale. Buyers should obtain a detailed asset schedule covering lifts, tire equipment, diagnostic tools, compressors, shop tools and any vehicles or other major equipment included.

Customer base

The business has served the surrounding community for several generations and has an existing base of repeat tire, repair and vehicle customers.

Growth

• Increase tire and repair marketing
• Expand used vehicle inventory
• Add higher-value diagnostic and repair services
• Develop fleet and commercial accounts
• Increase online appointment and local search activity

Due diligence

Buyers should verify historical financials, revenue by tire, repair and vehicle-sales segment, inventory, equipment ownership and condition, real estate value, employee arrangements, supplier relationships, customer deposits, warranties and outstanding repair obligations before closing.

The used-car operation should be reviewed for applicable dealer licensing and vehicle-title requirements. Buyers should also investigate environmental matters associated with long-term automotive use of the property, including waste oil, tires, fluids, storage tanks and any historical soil or groundwater concerns.