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tyrguy

Free Member
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tyrguy last won the day on April 6

tyrguy had the most liked content!

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About tyrguy

  • Rank
    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
    None
  • Website
  • Banner Program
    Firestone
  • Participate in Training
    Yes

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  1. tyrguy

    tyrguy

  2. 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 battery, etc. So I'm sure it will be okay for a while. However, at some point it will need service down there and here's the thing: Because my dad had a gas station and then a repair shop for 25 years, and then I had my own for 39 years, I've NEVER had to take a vehicle anywhere for service. It will be a new experience for me. Any of you guys have a shop in the Fort Myers, Fort Myers Beach, Naples area that could take care of my car service? For the most part most of the members of this forum seem like guys I would want to do business with.
  3. 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.
  4. 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.
  5. 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.
  6. 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
  7. 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 - 30 hours a week billed while still maintaining the higher rates. Even with the extra wages I don't want to think how much that would amount to in profit $$s at the end of the year. Okay I lied. I did the numbers and it makes me sick. But....life is good.
  8. 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 ago I elected not to rehire another tech. Frankly, I started coasting. I was tired and just wanted out. The one ace in the hole was an 11 year old building worth about 1.2M that I own free and clear. I ended up getting about 3 times cash flow plus my inventory which was considerable with 1700+ tires. The payday is the 5 year lease with two 5 year options. As for my plans, I've worked a deal out with the new owner to work at least 16 hours a week for the next year. After that...who knows. Hopefully some grand adventures.
  9. Damn I really did it. After 39 years [this November] I just sold my business. Life is gonna be different.
  10. 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.
  11. 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.
  12. 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.
  13. Except in unusual circumstances, if tires are rotated every 5k from mile 1, there will never be enough of a tread differential to deter tire rotations.
  14. Well the other shoe has dropped in the ATD / Tire Hub saga. Bridgestone has announced they are following Goodyear in pulling their Brands from ATD. This one hurts as I have been a loyal Bridgestone dealer for decades. Looks like I have 3 options, none good. Continue with ATD but buy my Bridgestone products from Tire Hub. Continue with ATD and drop my Bridgestone products probably increasing my Continental purchases. Find a whole new distributor to buy all my products from. The thing that really sucks is ATD, Bridgestone, and Tire pros all announced new loyalty programs this year which collectively could have amounted to 18k more in back end $$s. Most of that is probably gone now.
  15. SCOTUS just ruled that online sellers have to charge sales tax to all online buyers. This is huge. So many times when matching Tire Rack the sales tax puts us at a disadvantage. No more. It's about time!


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