​Tire & Oil Shop

I own a construction company, does fairly well. Anyways, a decision has come to my path.

A family member of mine had recently closed down his shop. It was doing really well when he was managing the outfit. Over the years he had focused too much attention on another passion of his. He had hired a tire shop manager who was also family but decided to leave for his own interests. As a results of these decisions, It was poorly managed by the next manager brought on. Suppliers not being paid, staff pocketing money. Of course these were cash deals and obviously no paper trail. They ran the business in an old fashioned sense. Kept customers in books instead of a cloud based system. Scheduling was on books, handwritten.

I am thinking of purchasing the business. The deal is to pay the debts of a total of 175k which will be under the previous owners name. I would just set up an entity to own the shop.

My plan is to modernize the way things are documented. Cloud based POS systems, scheduling, everything digitized so I can check in from time to time to see how things are being ran. Set up operating systems for the staff so I can keep track of employee performances, customer experience performances systems. Basically systems where I can monitor all areas of performance which I do with my current construction company and last but not least hire the right GM for the business.

I’m just looking for tips and feedback on the idea as I have never ran a shop like that.

Yes, I would keep the construction company in operation.