Tire Shops for Sale
With an ever-increasing number of vehicles on the U.S roadways, choosing to buy a tire shop is a smart investment for savvy entrepreneurs. As an essential service, most tire shops enjoy steady, predictable, year-round revenue generation as over 273 million vehicle owners require routine tire replacements. Whether those drivers visit used tire shops or establishments that offer new products exclusively, the bottom line is: the demand for tires isn’t going anywhere.
According to industry data, demand for replacement tires is projected to rise 3.4% as consumers increasingly rely on personal vehicles over public transportation options. And, as the average number of annual miles driven per vehicle steadily rises, more consumers need more tires, more often. Currently, the United States tire dealers industry enjoys a whopping $37 billion in annual revenue, and increasing consumer preference for high-performance and fuel-efficient products is expected to boost that number.
In addition to tire sales, many tire shops also offer a selection of automotive repair services, which further boost annual revenue and employment opportunities. Overall, the U.S. automotive maintenance and repair industry has a combined annual revenue of approximately $115 billion, making full-service tire shops a predictable, revenue-generating investment.