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.

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

More information on this tire distribution business in Cyprus for sale

Please get in touch if you are interested in learning more about this tire distribution business in Cyprus for sale. For more distributor companies for sale please visit the section distributor companies for sale. For other distributor buyers, please visit the section distributor companies wanted. If you are instead interested in automotive companies for sale, please visit the automotive companies for sale section. For automotive buyers, please visit the section automotive companies wanted.