Mike Melton argues that tire businesses can be profitable, calling the idea that "you cannot make money in tires" B.S. He says he focuses solely on tires (comparing to Discount Tire), credits mentors and correct setup for success, and shares that he started his first company at 19, sold it at 36, and "made millions of dollars."
19
36
"Millions of dollars" (verbal claim)
Tires only (does not do other auto repair services)
So a lot of auto repair places get this wrong. They think you cannot make money in tires. Well, that's B.S. think about it. All I do is tires. I don't do anything else. Discount tire. All they do is tires. They don't do anything else now. They just now started doing alignments. But that's after what, 50 something years. And that's a billion dollar corporation. Yes, you can make money doing tires if you have the right mentor and you have everything set up the right way. So I started my first company when I was 19 and I sold it when I was 36. Made millions of dollars. Yes, you can do it if you have the right stuff in place and the right people helping you.
