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.
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.
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The main activities of the company are:
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.
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.
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