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New Lenox, Will County

New Lenox Tire Shop for Sale

A tire shop in New Lenox is priced on adjusted seller’s discretionary earnings after a buyer compares this book to Mokena — not on a statewide rumor multiple. Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. The statewide tire shops playbook is on the industry hub; this page is the New Lenox file. Confidential sale. No upfront listing fee.

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New Lenox market

Selling a tire shop in New Lenox

A tire shop in New Lenox is priced on adjusted seller’s discretionary earnings after a buyer compares this book to Mokena — not on a statewide rumor multiple. Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. The statewide tire shops playbook is on the industry hub; this page is the New Lenox file.

New Lenox is a Lincoln-Way Will County village on Route 30 and Metra’s Rock Island District — schools, rooftops, and a growing commercial strip, not Joliet’s intermodal complex.

Home-services and youth-oriented retail follow the school districts. Buyers from Frankfort, Mokena, and Homer Glen already run these roads. A book that depends on the seller’s booster-club network needs a transition plan. No CenterPoint premium unless the customers are actually warehouses.

New Lenox has about 27,360 residents in Will County, inside the Chicago-Naperville-Elgin area. Nearby markets buyers already compare this book to include Mokena, Frankfort, Joliet, Tinley Park. That comparison changes who shows up: a buyer who will drive from Mokena is not the same buyer who will fly in from a coastal platform.

Planning facts

Typical multiple
2x–3.5x SDE
Typical timeline
4–9 months
SBA eligible
Often — confirm
County
Will County
Population
27,360
Metro
Chicago-Naperville-Elgin
Nearby comps
Mokena, Frankfort, Joliet, Tinley Park
Closing clock
Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago
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Will County demand

Collar-county demand

DuPage, Lake, Kane, Will, McHenry, Kendall, and neighboring collar shops sell on household density and the I-88, I-90, I-94, and I-55 corridors.

There is no Chicago 45-day city notice unless the business also operates in Chicago. Buyers still compare this suburb to the next one on the same highway.

New Lenox demand for tire shops is the customer list and the license path — not the Census population figure. About 27,360 residents is context for who already lives in the trade area. It is not a sale price.

Tire Shop in New Lenox

What a New Lenox buyer will underwrite on this tire shop

A tire shop in New Lenox is bays or site plus environmental accounts. Dealer service departments and neighboring shops in Mokena, Frankfort, Joliet are the competition. Waste-oil, tanks, or refrigerant rules do not silently follow a stock sale.

Tire Shops statewide typically plan around 2x–3.5x SDE and a 4–9 months process when books and the lease are ready. That is a planning range, not a price for this New Lenox shop. Buyers here usually argue brand affiliation, service bay count, equipment condition, commercial account revenue.

Closing clock for this New Lenox file: Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. License path: No statewide tire-dealer license. The industry hub teaches the statewide rule. This URL is the New Lenox application of it.

In a suburb like New Lenox, tire industry operators, auto service chains, owner-operators are the names that usually appear on the NDA list. A buyer who will drive from Mokena is not the same buyer who will fly in from a coastal platform.

Buyer pool

Who buys a tire shop in New Lenox

Logistics, trucking, light industrial, and home-services buyers are active because of I-80, I-55, and the CenterPoint / BNSF intermodal complex. PE looks at scale HVAC and trades; owner-operators buy the rest. A Joliet file is not a Naperville file.

Illustration: a four-bay tire-and-alignment shop in Joliet with a mid-tier supplier program, a modest fleet book, and a seller who still mounts Saturdays. Not a closed sale.

A tire shop whose customers already sit in Mokena, Frankfort, Joliet, Tinley Park is a larger business than one that stops at the New Lenox city limit. Tell the truth about the route. Buyers will map it.

SDE recast

How a buyer will read the books on this New Lenox tire shop

Tire-shop recasts on unit margin plus service-bay attach (alignments, brakes), not a wholesale fleet dump. Add back owner-tech hours, then isolate a municipal-bid year and any manufacturer spiff that will not repeat. Inventory is working capital and aged sizes are not cash. A 2x–3.5x SDE band assumes bays and a brand relationship, not only a pile of tires.

Illustration only — not a quote for any New Lenox shop. A tire shop whose tax return shows $121,000 of net profit is not worth $121,000 × a rumor multiple.

Add back the owner’s $92,000 W-2 and payroll tax, $10,000 of discretionary benefits, $11,500 of accepted one-time cost, and $13,000 of personal expenses that a buyer will not run. Then subtract $27,000 of replacement labor if the owner still diagnoses, sells, or closes the books.

Adjusted seller’s discretionary earnings are $220,000. At the planning range 2.0x–3.5x, enterprise value is $440,000 to $770,000. Mid-range 2.75x is $605,000 before debt, working capital, holdback, and tax. A New Lenox buyer will argue the multiple after they ride with the staff and read the lease.

At 2.75 times $220,000 of seller’s discretionary earnings, enterprise value is $605,000 before debt, working capital, holdback, and tax. That is the planning conversation. It is not a listing-site guess.

SDE line items

  1. Reported net profit (tax return, not the marketing P&L)
  2. + Interest expense
  3. + Income taxes (not payroll, sales, or property tax)
  4. + Depreciation and amortization
  5. + Owner W-2, bonuses, and payroll taxes on the owner
  6. + Discretionary owner benefits that a buyer will not keep (auto, personal travel, family on payroll with no role)
  7. + Accepted one-time or non-recurring expenses
  8. − Market-rate replacement labor for owner work that will not transfer
  9. = Seller’s Discretionary Earnings (SDE)
Illustration recast for a New Lenox tire shop — not a quote
Net profit$121,000
Owner W-2$92,000
Benefits$10,000
One-time$11,500
Personal$13,000
Replacement labor (subtract)−$27,000
Recast SDE$220,000
Planning EV at 2.75x$605,000

Recast Seller’s Discretionary Earnings, then apply a planning multiple for tire shops. Replacement labor is subtracted. This is a planning tool, not an appraisal.

Recast SDE—
Planning enterprise value—

Before debt, working-capital peg, holdback, and tax. Educational only.

Enter your annual Seller's Discretionary Earnings (SDE) — your net profit plus owner's salary and any personal expenses run through the business — to estimate a range.

$
1x 3.0x 8x
Estimated Value Range — to —

This is an estimate for planning purposes only. Actual value depends on lease terms, asset quality, customer concentration, and current market conditions. Request a professional valuation for a precise number.

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Will County closing

Licenses and closing steps for a New Lenox sale

Will County closings are state CBS-1 plus Joliet, Bolingbrook, Plainfield, Romeoville, and village licenses. Intermodal and industrial parks often have park covenants and landlord estoppels that take longer than Main Street retail. No Chicago 45-day notice unless you also operate in the city.

No statewide tire-dealer license. IEPA waste-tire rules and municipal business licenses apply. Used-tire and scrap-tire handling is an environmental file. If they do mechanical work, treat the bays like an auto-repair shop for waste oil and refrigerant. Supplier programs (Michelin, Goodyear, discount warehouses) are account appointments, not automatic assignments.

Labor and lease

What has to keep working on Monday after close in New Lenox

For a tire shop in New Lenox, the first labor question is: Service-bay attach that is not only mounts and balances.

Driver, warehouse, and CDL labor is the constraint. Union awareness is higher than in most collar suburbs. Floodplain, truck routing, and overnight parking rules show up in diligence. Residential suburbs (Frankfort, New Lenox, Homer Glen) behave more like DuPage for service businesses.

Will County’s industrial tax base and population growth support cash-flow businesses that serve warehouses and new rooftops. Price the customer mix — Amazon-adjacent freight vs. local residential — separately.

Diligence

What a serious tire shop buyer will open

Levers that move the multiple in this vertical: Service-bay attach that is not only mounts and balances; A supplier program the buyer can keep; Clean waste-tire file and legal outdoor storage; Fleet accounts that are contracted; Equipment that still calibrates.

Have these ready before anyone hears the name of the New Lenox business: Tire-unit margin versus service-bay attach; Inventory age, size mix, and supplier program assignability; Waste-tire and used-oil environmental file; Alignment rack and balancer condition; Fleet or municipal accounts on paper; Lease, stacking, and outdoor-storage zoning.

Buyer tool

SBA payment sketch for a New Lenox tire shop buyer

Most Illinois owner-operator acquisitions use SBA 7(a). This is a payment sketch, not an approval.

SBA 7(a) loans are the most common financing for business acquisitions. Estimate your monthly payment and required down payment based on the purchase price.

$
%
%
yrs
Down Payment Required —
Loan Amount —
Est. Monthly Payment —

This calculator provides estimates for planning purposes only. Actual SBA loan terms depend on your credit profile, the specific lender, and current market conditions. Contact us to connect with SBA-approved lenders in Illinois.

Sale steps

How to prepare a New Lenox tire shop for sale

  1. Recast this New Lenox tire shop. Start with the tax return. Add owner pay. Subtract replacement labor if the seller still does the work a New Lenox buyer must hire. Do not treat a spike year as the new normal.
  2. Name who can operate on Monday. List every credential that lets this tire shop pull a permit or see a patient in New Lenox, and whether that person stays. Personal licenses do not transfer with the assets.
  3. Tell the truth about the New Lenox trade area. Map customers against neighboring towns. Buyers will. A book that already covers those towns is larger than a book that stops at the New Lenox limit.
  4. Open the lease and the labor file. Remaining term and assignment in Will County. Whether the crew can run without the seller living eight minutes away.
  5. Calendar the notices that apply here. Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. Start them at letter of intent, not the week of funding.
  6. Read the statewide playbook, then talk. The Illinois tire shops hub is the statute and recast teaching. This page is the New Lenox file. Confidential consult — no upfront listing fee.
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Related New Lenox and tire shops pages

Questions

Questions about tire shops in New Lenox

Answers for owners and buyers in Will County, including local closing steps.

Service Area

Tire Shop Brokerage Near New Lenox

We serve tire shops owners and buyers across Will County and the surrounding region.

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