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Business Operations

Tire Industry Insights: Have You Been Asked to Sell Your Tire Shop?

Over the years, increasing numbers of tire and service retailers have been approached about selling their businesses. But just how many?

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Behind the headlines of mergers and acquisitions driving trends of industry consolidation is a simple question asked by one group to another:

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“Do you want to sell your business?”

Over the years, increasing numbers of tire and service retailers have been approached about selling their businesses. While it may seem that a large number of tire dealers are being bought out by bigger companies, our most recent research shows that roughly only two of 10 tire and service retailers have actually been approached by a national or regional chain interested in buying them.

Tire industry tire dealers asked to sell business

MORE: Take a look at Tire Review’s October 2018 Digital Edition

INDUSTRY INSIGHTS

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