AUSTIN, TexasLamb's Tire & Automotive, a subsidiary of Lamb Ventures L.P., has opened an eighth location in Austin and 15th overall in the metro area.
The 10-bay storea 7,500-sq.-ft. outlet on South Lamar Boulevard in south Austinwas a former Pit Stop Lube & Tune location, according to Lamb's President and CEO Jim Ramsey. It had been closed for several years when his company decided to buy the location.
My operations director and I were down in that area looking at a shop that a guy was wanting to sell, and it didn't really fit our criteria, he told Tire Business. We just walked down the street a little bit,...and we just happened on it.
The dealership remodeled the entire building and built a tire storage area equipped to hold about 600 units. It did not disclose its investment in acquiring and remodeling the store.
We had to pretty much start from scratch, Mr. Ramsey said. We put all new electrical in the building. We basically took the front showroom structure back down to metal and rebuilt it all.
The new store is less than two miles from Lamb's closest location at 290 West in Austin, but Mr. Ramsey said the freeways bordering that store have provided good separation.
The (new) store started out very, very wellbetter than we had anticipated it wouldand our closest location continues to do well, he said. It didn't really impact it.
The Austin-based dealership, founded by John Lamb in 1987, has gone through a few ownership changes in the last decade. Mr. Lamb retired in 2008literally putting himself out to pasture to devote his time to a cattle ranch he owned in addition to the tire dealership. He sold his then-17-store business to an employee, Ron Meredith.
According to Mr. Ramsey, Mr. Meredith soon partnered with Houston-based Main Street Capital Corp. Under his management, the business closed three locations. He sold his share of the business to Main Street Capital in 2012, and the investment firm brought on Mr. Ramseywho had several years of experience in the retail automotive industryas a minority owner.
Lamb's Tire is a member of Goodyear's Tire & Service Network marketing program.
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