Antelope Tire and Supply

Business Opportunity for Sale
Catylist Listing ID: 30439577
Property Subtypes: Auto Related
Building Size (RSF): 1,600 SF
Sale Price: $1,250,000
Name of Establishment: Antelope Tire and Supply
Business Website Address: N/A
Year Business Established: 2014
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Cash Sale or Conventional Commercial Financing
Last Updated: 8/12/2019

Overview / Comments

Great Business Opportunity in Morton, Texas. Owner started this business from the ground up and has large customer base primarily consisting of Agribusiness customers tied to the local agricultural and dairy economy. Business is only full service tire shop that handles a full range of tires including large equipment tires to passenger rated tires in Cochran County and also services portions of Hockley, Bailey, Yoakum and the Eastern New Mexico County of Roosevelt.

Owner is Dealer of:
Michelin Ag
Toyo
Cooper
plus access to all major brands through distributor relationships

Main Building sits on corner lot and is 40'X40' ICM Steel Building w/Spray foam insulation on concrete slab equipped with two roll-up doors. West Door is 14' H X 14' W and North Door is 12'H X 14' W
Under Roof:
40'X20' Loft for inventory storage
12'X14' Office
14'X14' Breakroom
On Premises is also another building that is used for used tire storage

Outside All Steel 50'X60' Awning

Location is well equipped with:
3 Ranger Tire Machines
1 Balancer
2008 Ext. Cab Chevy 3/4 ton Service Truck w/ almost new Champion 30 gallon compressor
2 Tire Spreaders
2 Commercial Ingersoll Rand Shop Air Compressors (one inside, one outside)
Bobcat 250 Miller Welder on skid bed w/ toolbox, cutting torch
1 2018 Flatbed Trailer
All Office Furnishings
Break Room Table and Furnishings
Drink Refrigerator
Tire and Wheel Inventory (usually between $40,000 - $50,000)
6- 1/2" Impact Wrenches
2- 3/4" Impact Wrenches
4- 1" Impact Wrenches
Good Stock of Tractor, Truck, and Trailer Wheels
3 Bead Breakers
2018 Kubota Tractor w/pallet forks and 5' shredder

Financial Information available behind NDA.

Attachments & Media

Additional Details

Nearest MSA: Lubbock
County: Cochran
Industry Segment: Other Auto Related
Reason for Selling: Owner is wanting to relocate to a different part of the state.
Value of Inventory Included ($): $30,000
Value of Furniture, Fixtures, and Equipment ($): $100,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $225,000
Employee/Labor Description: 1 manager that keeps inventory, runs A/R and A/P, deals with vendors, clients and manages staff. There are 3 tire service employees that work on site and remotely mounting new tires, break down tires from rims in shop, repair flats, remount, balance all sizes of tires from regular passenger rated to large agricultural and commercial.
Mgmt/Training Support Description: Existing Owner which has also managed business since its start would entertain working for 6 months to train manager.
Competition/Market Description: Only full service full range tire service and supply company in Cochran County. Owner currently has large growing customer base with large percent of customers being return business clients.
Growth/Expansion Opportunities: Opportunity to develop additional agricultural business in the southern portion of Bailey County and into oil & gas and agricultural areas Northern Yoakum County.
Seller Financing Description: N/A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,444 2,092 2,092
Median Age: 35.89 34.1 34.1
Households: 512 744 744

Contact

Photograph of Listing Agent

Monty Edwards

M. Edwards, REALTORS West Texas CIE Member
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