Houston, TX
Tiremax of North America is a company on the move. Chris Wilkerson, President and CEO, has big plans and a strong vision for the future. Chris knew he needed a real estate professional to help make his expansion plans a reality, so he retained Patrick Graham with Colliers International.
The Challenge…
Tiremax is a company that fights in the fiercely competitive $26 billion tire industry. Prime locations are a precious commodity and proper positioning is a requirement for success. In this competitive atmosphere, growth had to come at a reasonable pace to ensure the financial stability of the company.
Solutions…
Patrick completed a review of Tiremax’s holdings. He analyzed each site and developed a strategy for success. A plan was implemented that would unlock the hidden equity in two company-owned stores. Patrick structured a sale-leaseback investment package that allowed Tiremax to maintain control of the locations but also allowed the company to pull out a sizeable financial gain.
Results…
Through his extensive contacts, Patrick was able to find two Californian investors who acquired the sale-lease-back properties. The profit from these transactions allowed Tiremax to accelerate their growth plans. Chris Wilkerson was so pleased with Patrick’s performance that he retained Patrick as Tiremax’s exclusive nation-wide representative.
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