Kugel: Tire Agent can make $100K profit per truck
Jared Kugel · #33 What Is a Startup Actually Worth? · Mar 3, 2025 · at 8:03
Tire Agent founder Jared Kugel pitches investors on The Pitch regarding the projected profit per mobile installation truck.
0:00 / 0:05exact quote · 5.6s
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“I believe you can make about a 100,000 dollars a truck in profit, not including if I add wheels.”
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More from Jared Kugel
Kugel: Amazon has tried to enter tires and failed to figure it out
“And you have companies like Amazon trying to get into tires, and they have not really figured it out.”
Kugel: Tire Agent is raising on a $10M convertible note
“So we're doing a ten million dollar convertible note.”
Kugel: Mobile tire competitors lack pricing knowledge and distributor connections
“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 …”
Kugel: The tire industry sells 252 million tires annually, worth $30B
“So there's two hundred and fifty two million tires sold every year. So people automatically, they perk up, right? So it's a thirty billion dollar industry.”