Tire Agent

“It's like the old venture capital rule. It's like you gotta be 10 times better, 10 times cheaper. And I just feel like your business doesn't meet that grade. I don't think it's so much better that the average customer will kind of migrate to you in droves.”

“I think this is the most amazing lifestyle business. This guy understands how to work that New York market. He could get out a million bucks of free cash flow a year. He could pay all his investors. He could make three, 400 grand a year and be very happy.”

“If there was some traction, if you were able to show real numbers and real progress, that makes a difference, and then compound that with, you know, what I consider to be a crazy valuation at a ten million dollar cap, I just think, you know, it, I can't get ex…”

“So we're doing a ten million dollar convertible note.”

“I didn't really have much of a choice because I had just raised money at a three.”

“So where we're different is a lot of them really don't buy tires at the right price because they don't know the cost of the distributors. And so I do, that was an advantage that I had coming into it. Plus I have a lot more connections than a typical tire shop …”

“I believe you can make about a 100,000 dollars a truck in profit, not including if I add wheels.”

“Really, your valuation is probably not much more than what you just did, and really what you should be looking for is, is, is probably strategic investors that'll help you and make these introductions and what have you.”

“Right now, all of our installers are subcontracted of other mobile installation companies that we're working with, and that industry has been very fragmented, and now I'm kind of converting them into an actual tire shop, but we're the customer experience.”

“The average cost is typically a hundred bucks on a tire retail. Our margin's about 25%. That's what we make. We make 25 bucks. The remainder goes to the distributor or manufacturer.”