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Tire distribution business in Cyprus for sale

Company for sale

  • The annual sales of the business are at 4-5 million EUR 
  • EBITDA of the distributor is about 500K EUR
  • Location: Cyprus
  • Reason for sale: The founder is ready to step down and hand over control of the company for family reasons
  • Valuation: approx. 2.5 million EUR without receivables, approx. 4.5 million EUR with receivables
  • The company employs approx. 30 people
  • #CFIE AUS031

Overview of this tire distribution company for sale 

A highly profitable company with competitive advantage specialized in imports of tires for cars, vans, trucks is looking for a suitable buyer of a majority or 100% share. The company has a history of more than 30 years in the business. The shareholders and owners of the company are willing to guarantee a successful transition period for the new owners.

Profile (strategy) of this tire distribution business for sale

The company is a wholesaler, retailer & service provider of tires for cars and similar vehicles with its own tire shop network. The company has multiple exclusive distribution contracts from large tire brands. The range of brands offered by the company caters to both the premium tire market and the budget tire market which is dominated by Asian brands. The company is also particularly well positioned in the heavy truck & speciality vehicle tire segments, both with respect to tire sales and service.

The company operates from its main headquarters in a larger city, the company also has a warehouse building with an area of more than 3.000 sq.m. Apart from this, the company also has almost 10 tire shops in the country. The headcount of the company is 30 people, most of whom have been with the Company for over 5 years, are highly experienced and loyal.

The company is financially stable, with turnover at approximately 4.5 million EUR with an EBITDA of approx. 0.5 million EUR. The assets of the company are at 5 million EUR. Growth plans include the establishment of more tire shops, with the addition of licensed facilities for roadworthiness inspections which are required by law. This activity has very good synergies with tire sales, battery sales and of course wheel alignment. More intensive, targeted advertising can also increase market share in the premium tire retail segment.

Buy this tire distributor
and wholesaler in Cyprus

Contact us to get details about this tire distribution company for sale

Activities and products of this tire distributor for sale

The main activities of the company are:

  • Direct imports tires for cars, vans, trucks, agricultural machinery and similar
  • Wholesale of tires to tire shops
  • Retail sales of tires 
  • Operating own tire shops 
  • Re-exports internationally

The company is very well positioned in the regional market to secure large fleet contracts. There is almost no competition in the region where the company operates. The company has excellent growth potential, as it can easily expand to offer vehicle inspections and vehicle maintenance services from its established tire shop network.

The company is currently held and controlled by the founder and his relatives. The company is offered for outright (100%) or large majority sale, as the owner is approaching retirement age while other family members have their own businesses and cannot devote the time needed to manage the company.

Highlights of this car tires distributor for sale

  • The company is a well-established business in Cyprus with two-digit market share percentage
  • The company has a good position as it is not only importer but also wholesaler and retailer
  • The firm owners shall provide free handover support and training for a period of up to six months after a sale is concluded

Information about this car tire distribution business

Feel free to contact us for more information regarding this tire distribution company from Cyprus for sale. If this plastics company in Cyprus for sale does not fit your requirements feel free to ask for other automotive companies for sale. If you are interested in buyers of plastics companies, please visit the section automotive companies wanted.

Note: CFIE only works with formal companies. We do get a lot of requests and it is difficult to follow up on all inquiries from visitors to our website. For each company, we assess the likelihood of a future transaction. We only get back to you if we see a realistic opportunity to do a future acquisition or business sale. In order to increase your chances of receiving a reply as an individual, please explain as much as possible about your personal background, strategy and fit with the target. There is also a possibility that your details will be kept on file and we will get back to you once there is an opportunity to do a transaction. CFIE can’t guarantee you will receive an answer to your request.