“This agreement with NTB will enable us to grow our footprint in key markets and we are excited to welcome the talented NTB team members affiliated with these 112 locations to the Mavis family,” said David Sorbaro, co-CEO of Mavis Discount Tire. “The cash from this sale will serve to accelerate strategic initiatives that we are confident will support our underlying mission to exceed the expectations of all of our customers and partners spanning retail, franchise, wholesale, distribution and ecommerce.”Īll NTB team members at the 112 locations, as well as those in supporting field leadership roles, will have the opportunity to join Mavis as a team member or remain with TBC. Olsen, president & CEO of TBC Corporation. Price: 3,341,218 Cap Rate: 5.50 Net Operating Income: 183,767 Lease Term: 20-year Lease Expiration Date: Renewal Options: Two 5-year Rental Escalations: CPI based increases every 5 years Tenant: TBC Retail Group, Inc Guarantor: TBC Corporation Year Built: 2009 Lease Type: Absolute NNN Zero Landlord Responsibilities Building Size. “Further consolidating our NTB footprint is consistent with our strategy to focus on core markets and entering into this agreement with Mavis makes great strategic sense for our company,” recognized Erik R. Find out why our Franchise may be right for you. National Tire Wholesale and Mavis have also entered into a distribution relationship. Contact Information 2475 W Golf Rd Hoffman Est, IL 60169-1113 Visit Website (847) 884-0171 Business hours 9:00 AM - 6:00 PM Read HQ Reviews Start a Review Customer Complaints 603 complaints closed. Tire & Auto Center Franchise, Global Brand, Worldwide Franchising Success. this CreditFirst National Association (CFNA) card, which may. From tires and oil changes to brakes, alignments and batteries, you can trust our expert technicians to get you back on the road.
National tire and battery franchise drivers#
and dedicated support at the national and individual franchisee level. Be prepared for the unexpected with the Drivers Edge Complete Tire & Auto Service credit card. Specialties: NTB of Wylie, TX is your one-stop shop for fast, friendly, hassle-free car care. Upon close of the transaction, which is expected to occur within the next month, TBC’s company-owned retail footprint represented by the Tire Kingdom & NTB brands will span 615 locations. Jiffy Lube Multicare Oil Changes, Brakes, Batteries, Tire Services and more. The 112 stores are geographically located in the greater Philadelphia, Boston, Atlanta and Chicago designated market areas (DMAs).
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