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Tire Kingdom / NTB / Merchants
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Overview
The Company began in 1972 with $150 and 50 consignment tires in a 200 square foot stall at the West Palm Beach Farmer's Market. While operating as a cash and carry business, customers explained that they preferred to have their tires installed where they purchased them. With $500 in borrowed money, tire-changing equipment was purchased, and
Tire Kingdom
was born. Business increased rapidly and soon outgrew Farmer's Market. Over the next several years,
Tire Kingdom
stores opened in West Palm Beach, Ft. Lauderdale, Tampa, St. Petersburg, and Sarasota. By 1988,
Tire Kingdom
expanded into all major south Florida markets.
Tire Kingdom's
expansion continued throughout south and central Florida as well as into North Carolina, South Carolina, Louisiana, Georgia, Vermont, New Hampshire, and Ohio.
On June 5, 2000, Memphis-based TBC Corporation (NASDAQ/NM: TBCC) purchased the company. TBC Corporation is one of the nation's largest marketers and distributors of tires for the automotive replacement market. TBC will continue to expand
Tire Kingdom
with additional locations in markets it currently serves as well as to extend its geographic coverage.
Tire Kingdom
is committed to continued growth and expansion and is dedicated to becoming the leading tire and automotive services retailer in the nation.
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