25 Days to Close: A Tire Deal Done Right

Harry Archer and Caleb Pruitt successfully marketed the sale of a tire and service business to a group of expanding operators within their network. Through a targeted marketing campaign, they facilitated a swift transaction. The buyer—an ambitious regional operator—was eager to enter the Athens market. The sale was completed with a cash payment and closed just 25 days after the Asset Purchase Agreement was signed.

Notably, they negotiated a unique non-compete agreement that satisfied both parties and supported future growth opportunities. The transaction was efficiently managed among a four-party partnership on the sell-side and a regional corporate structure on the buy-side.

After a successful 15-year run, the sellers are now poised to pursue new ventures. Given high construction costs and favorable interest rates for operators, there is growing interest from expanding businesses looking to acquire established, high-performing stores from sellers ready to capitalize on current market conditions.


Challenges:
  • Negotiated a unique non-compete agreement that satisfied both parties and supported their future ventures.

  • Successfully balanced the sale between a four-party partnership on the sell-side and a regional corporate structure on the buy-side.

Deal Highlights

Property
University Tire
Location
Athens, GA
Property Type
Automotive
Sold Price
$6,300,000
Caleb Pruitt
Investment Sales Advisor