Mike Melton made $1.3 million in net profit selling only tires. He points to Discount Tire and Fairmount Tire in Los Angeles, which moves 500 tires daily, as proof the model scales. Relationships, he says, are what separate tire shops that fail from ones that don't.
The most I've ever made is one, a little over $1.3 million in profit. Net profit, not gross profit. Net profit and not gross sales, right? Business people, y'all should understand this. So yes, you can be a millionaire selling tires if it's done right, if it's set up right, if you have the right culture, if you have the right inventory, and you have the right relationships. Listen, Relationships are everything. They will make or break your company. Yes, you can become a millionaire selling just tires. I'm one of them. All right. Discount Tires, another one, multibillion-dollar company. All they did was tires for years. Of course, we're going to have some haters go in there, say, oh, well, they do alignments now. Listen, all that's new. There's another guy in Los Angeles. It's called Fairmount Tire right there in Slauson Avenue. He's in the damn hood. He does over 500 tires a day. All he does is tires. Multi-millions of dollars in tires, okay?
