When you decide to sell your business, you want to make sure that you choose a highly regarded buyer who has expert
knowledge and experience in the tire and automotive industry, along with a proven track record of successful
acquisitions.
Monro has been that choice for 100+ great companies like yours. We are proud to say that Monro has financial
breadth, seasoned industry professionals, national geographic presence, and the marketing and logistic advantages as
one of the nation's oldest and largest tire and automotive service providers. Monro is the ideal choice when you are
ready to sell your business.
A Proven Process for Success
Monro's acquisition process is based on confidentiality, fair valuation, and putting your customers and employees
first.
Confidentiality:
As a professional organization that is publicly traded (MNRO) on NASDAQ, confidentiality is an integral part of our
creed. Our process begins with a very neutral non-disclosure agreement that protects the information being shared by
both parties.
Valuation:
As one of America's largest tire and automotive service companies, we have the resources, expertise, and experience
to look at your business in unique ways, providing opportunities for maximizing your valuation in ways others simply
cannot. With more than 100 successful acquisitions in our sector, our financial strength becomes your asset.
Guests/Customers:
You can be assured that your #1 asset will be in good hands, based on Monro's tradition of excellence in products
and services. With online reviews at 4.2 stars, our network of Monro locations will continue to honor your
customers' warranties at more than 1,100 locations in 32 states.
Teammates/Associates:
Like America, Monro is the aggregate of its great people from diverse backgrounds and talents. A significant number
of our 7,360 teammates have come to us through acquisitions, and we look forward to welcoming your team into the
Monro family. Not only will we honor their tenure with your company as time with Monro, but they will be eligible
for these industry-leading benefits and opportunities:
- Nationwide career advancement opportunities.
- Competitive health benefits.
- 401k retirement program.
- Monro stock purchase program.
- Leadership training opportunities.
- Flexibility to move nationwide.
- Cloud-Based Car Inspection Scanning Tool.
- Outstanding development programs, including the Monro University Learning Management System.
- Business Intelligence - KPI dashboards for stores and management.
- And so much more!
What Monro Looks for in a Company
Our ideal candidates are high-quality, customer-centric companies focused on automotive service, tire and
automotive service, and passenger tire sales and service.
Consistent volume and margins:
We prefer companies that come with a long track record of profitable operations and have a bright future for growth
potential. However, we understand the uncertainties of the business world, especially in the modern era. We are
confident that, no matter your current situation, we can craft a deal that will work to our mutual interests.
Good quality assets:
Well-maintained buildings and equipment, along with staying current with today's automotive technology, show how
much you have re-invested in your business. We know what it takes and your efforts will not go unnoticed.
We are a strong, long-term tenant:
We are comfortable entering into direct lease agreements for properties owned by your business or assuming lease
agreements for properties leased by your business. In each case, we prefer lease terms of at least 10 years (with
respect to assumed leases, this term can include exercisable lease options). Business-owned properties are a plus,
since lease terms can be adjusted to meet our mutual requirements. You can hold the lease as landlord and enjoy a
long-term, dependable income stream or sell to other investors.
With Monro as your tenant, your property instantly becomes more valuable. In fact, we are what the real estate
industry calls a “credit tenant.” Our financial stability and ~$1 billion market capitalization makes Monro leases
highly attractive to real estate investors. Or, profit from the investment yourself. History shows that we do not
buy companies to flip them in three to seven years, but to expand our footprint and operate auto service and tire
outlets. We are buyers, not sellers, and very flexible. In instances that fit common interest, we can purchase the
owner's real estate investment in a separate transaction.
Let's Get Started
From the first handshake to the closing of the deal, our goal is to make the acquisition process easy and
beneficial for all. Call us today and let’s start the conversation!
We like to start with an informal phone conversation where we can get to know each other and answer each
other’s initial questions.
At Monro, we pride ourselves on having the utmost discretion during the entire process, and we back it up
with a very neutral non-disclosure confidentiality agreement that protects both of us equally.
To fully evaluate your business and to reward you with the largest possible valuation, we will ask you to
fill out an “Initial Information Request” providing details on your volume, margins, expenses, and assets.
This will include annual financial statements for the past two years, as well as a year-to-date report
including balance sheets, income statements, statements of cash flow (with comparatives), and footnotes. We
will never ask for information that individually identifies your customers or employees.
We go out of our way to give you the best, most fair and complete valuation possible of your business. In
addition, we will not just hand you a number; we will do our best to explain how we came to the valuation and
how you might be able to help us refine it.
Whether you are a “C” corporation, “S” corporation, “LLC,” or sole proprietor, our team will structure a deal
to benefit your tax situation that is neutral to Monro. Together, working with your accountants or advisors,
we will identify the deal structure that will yield you the most after-tax dollars.
The Letter of Intent signifies your acceptance of our offer to move on to the next steps, which include our
due diligence and creation of the Asset Purchase Agreement. This letter also specifies a period of time when
both parties agree to the exclusiveness of the deal.
During our due diligence, we will work with you to validate and confirm the financial and business
information provided to us that our offer was based upon.
Just prior to closing, we will jointly sign the Asset Purchase Agreement. On the day of closing, we will
verify the inventory and assets. In the weeks leading up to this, we will work with you to make sure the
transaction process goes smoothly for both employees and customers.