News and Announcements
$3.4M Revenue Mobile Tyre Company with Over 50% Margins and 50,000 Clients
- Published August 23, 2021 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
“We are leading the change in the way people get their car tyres changed or repaired. You no longer need to go to a tyre shop; we come to you at home or work, seven days a week.
We want you to come on board as a shareholder and be a part of this journey to provide better service, advice, and experience.”
John Shim and Steve McCarthy
Co-founders Road Runner
Executive Summary
Road Runner Mobile Tyres is an Australian vehicle tyre service company. Its “hub and spoke” model consists of stores (“hubs”) and vans (“spokes”) that deliver a range of workshop and mobile tyre services.
The brick-and-mortar retailers that dominate the tyre industry sector have high overheads. Their customers also have to spend time and effort travelling to and from a tyre shop or mechanic to access required services.
In contrast, a mobile service is cheaper (at the cost of a van compared to the cost of a store) and thereby more scalable. It’s also more convenient for consumers.
Investment Highlights
- The Australian tyre industry is worth $5B, and acquisitions in the sector have been worth $50-350M
- Road Runner has been operating for eight years in Sydney, Melbourne, and Brisbane
- Road Runner has serviced 50,000 vehicles
- Road Runner is earning $3.4M in revenue
- Road Runner has margins above 50% compared to 30% for brick-and-mortar tyre shops
Investment Offering
Road Runner is raising $2M through $1 ordinary shares. The company will use the funds to expand across Australia.
Company Updates
The asset class where the market has no vote
Litigation funding returns are decided in a courtroom, not a cycle. Knightsbridge’s Head of Capital is careful to call that a different risk rather than a lower one, and his answer to it is spread, not concentration. Most alternative assets still answer to something. Property answers to rates. Private credit answers to defaults. Even the […]
The listing fee vendors pay whether the house sells or not
Australia’s property portals collect more than $2 billion a year while national listings sit flat. An Australian-built AI platform is targeting the economics, not just the interface. An Australian vendor listing a home pays a vendor-paid advertising fee on top of agency commission. Rama Dwarapudi, Founder and Chief Executive Officer of RealSearch, puts a typical […]
Reinventing the Condom: How an Australian Deep-Tech Startup Plans to Disrupt a $12 Billion Market
For more than half a century, the global condom industry has remained fundamentally unchanged, constrained by standard materials like latex and solid synthetic polymers. Despite widespread consumer demand for better alternatives, product design has treated the device strictly as a mechanical barrier, sacrificing feel for function. Sydney-based Eudaemon Technologies is setting out to upend that […]
Backed By Leading Investment Groups and Family Offices
