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tyrguy last won the day on April 6 2019

tyrguy had the most liked content!

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About tyrguy

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    Experienced Poster

Business Information

  • Business Name
    defer tire
  • Business Address
    955 Singletary Drive, Streetsboro, Ohio, 44241
  • Type of Business
    Auto Repair
  • Your Current Position
    Shop Owner
  • Automotive Franchise
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  1. FC known as Formula Continental. The same as the car in my profile pic only a bit newer.
  2. I was back in my race car for the first time in 9 years this month. First at Homestead 2 weeks ago and then at Sebring last weekend.
  3. Hey guys, I haven't posted in a year or two since I sold my 39 year old tire store/repair shop. Life is wonderful [if a bit boring], and I haven't regretted my decision to sell for one second. Every month I go to the shop, say hi to all my old employees and collect the rent. Anyway, today I experienced the other side of the counter and it wasn't pleasant. I still have my vehicles serviced at my old place when back in Ohio and they treat me like part of their team. But when at my condo in Florida I don't have that luxury. I have my 2002 Mini Cooper down here and it was due for an oil change. Ad
  4. tyrguy


  5. Okay, so it's been 6 months now and I've still not had one regret about selling my business and becoming a landlord. Although I'm only required to come in 2 days a week I still come in 5 unless I'm out of town. In 6 months when my 2 day obligation is fulfilled I don't know what I'll do. Anyway, recently I bought a condo in Fort Myers Beach and will be spending quite a bit of time down there. I am driving my 2002 Mini Cooper down to leave as my "southern" car. It's only got 55k miles on it but I had the guys here at the shop go through it, change all fluids, new brakes rotor and calipers, new b
  6. As far as the northern part of the country, by January most people have done what they normally do to get their vehicles ready for winter so that kind of work isn't there. In January and February the weather is lousy so people aren't traveling as much. Less miles, less work needed. Also in these 2 months Xmas bills are coming due so we're still fighting Santa Claus. The only thing that helps during this time of year is SEVERE weather that breaks cars. The other time of year we see severe slowdowns is in September during back to school time.
  7. My people made some calls and apparently this is only currently happening in the Dallas/FW area. Involves less than 20 stores. A pilot program? Possibly.
  8. Don't think this is true. The guys that bought my shop are primarily Goodyear and they haven't heard anything like this. Maybe getting confused with the Goodyear "Just Tires" concept where there will be retail storefronts that look like a phone store and do no installation. You go there and buy the tires and then set an appointment up to get them installed at a company store or Goodyear independent.
  9. This is the broker I used. He writes for some of the trade journals and that's how I found him. He has a "Sellability Score Test" on his website that you can punch you numbers in and it will give you some ideas about what your business is worth. He'll then consult with you a bit before it's time to get serious. Great guy. https://art-blumenthal.com/Home.php
  10. 3 week update: Lots of changes in the shop. These guys are all about getting rid of clutter, old equipment and downsizing inventory. I'm still working everyday and lovin' it. My attitude is so much better without all those managerial things rattling around in my head. I am kicking myself in the ass a bit though. As I've said before I was coasting. When very first tech quit 2 1/2 years ago during a slow period I elected not to replace him. Raised my rates and carried on with the remaining 2 techs. These guys instantly brought another tech in to help the other 2. Instant extra 25
  11. Would rather not divulge numbers because the buyer might not approve. Let me just say this. I was told about 8 years ago by another tire dealer that your business customer base and equipment is not near what you think it's worth. The real payday is when you own the real estate and can lease it to the new owner. As I've mentioned in other posts, my business hasn't been the same since the recession hit and 5 car dealerships opened up within a 1/2 mile of my store. Our sales dropped down about 15% from our highs, and net is much worse. Additionally, when my first employee from 1979 quit 2 years a
  12. Damn I really did it. After 39 years [this November] I just sold my business. Life is gonna be different.
  13. Mount and balance: 60 series and higher $18.50, 50-55 series $20.50, 40-45 series $22.50, 35 series and lower $24.50. add $3.00 for 20" and bigger wheels. Deduct $2.00 if off car. We do not charge for M/B on tires we sell. It's included in the price. Rotations are $19.95 if it's a stand alone service and they aren't our tires. Add $10.00 if major TPMS rest. Disposal $2.50. Tire repairs $20.00.
  14. Speaking of oil change intervals, my 2018 Colorado requested an oil change at 4400 miles. Maybe they're starting to back off on those loooooong intervals.
  15. Well we give all out tire customers rotation schedules when we sell a set and I'd say the vast majority of them stick pretty close to the schedule. Plus mechanicnet sends out rotation reminders which helps. I don't think the real problem is the rotation of a set that was originally install together. I think the problem is mostly when only 2 tires are being installed.

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