Monro Muffler Brake Inc. (MNRO, Financial) filed Annual Report for the period ended 2010-03-27.
Monro Muffler Brake Inc. has a market cap of $741.2 million; its shares were traded at around $37.35 with a P/E ratio of 23.1 and P/S ratio of 1.4. The dividend yield of Monro Muffler Brake Inc. stocks is 0.8%. Monro Muffler Brake Inc. had an annual average earning growth of 8.1% over the past 10 years. GuruFocus rated Monro Muffler Brake Inc. the business predictability rank of 4-star.MNRO is in the portfolios of Chuck Royce of Royce& Associates, Jim Simons of Renaissance Technologies LLC.
New service and tire stores, (excluding acquired stores and BJs locations), have average sales of approximately $384,000 and $1,015,000, respectively, in their first 12 months of operation, or $64,000 and $145,000, respectively, per bay.
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Monro Muffler Brake Inc. has a market cap of $741.2 million; its shares were traded at around $37.35 with a P/E ratio of 23.1 and P/S ratio of 1.4. The dividend yield of Monro Muffler Brake Inc. stocks is 0.8%. Monro Muffler Brake Inc. had an annual average earning growth of 8.1% over the past 10 years. GuruFocus rated Monro Muffler Brake Inc. the business predictability rank of 4-star.MNRO is in the portfolios of Chuck Royce of Royce& Associates, Jim Simons of Renaissance Technologies LLC.
Highlight of Business Operations:
The financing to open a new greenfield service store location may be accomplished in one of three ways: a store lease for the land and building (in which case, land and building costs will be financed primarily by the lessor), a land lease with the building constructed by the Company (with building costs paid by the Company), or a land purchase with the building constructed by the Company. In all three cases, for service stores, each new store also will require approximately $120,000 for equipment (including a POS system and a truck) and approximately $55,000 in inventory. Because Monro generally does not extend credit to its customers, stores generate almost no receivables and a new stores actual net working capital investment is nominal. Total capital required to open a new greenfield service store ranges, on average (based upon the last five fiscal years openings, excluding the BJs locations and the acquired stores), from $300,000 to $900,000 depending on the location and which of the three financing methods is used. In general, tire stores are larger and have more service bays than Monros traditional service stores and, as a result, construction costs are at the high end of the range of new store construction costs. Total capital required to open a new greenfield tire (leased) location costs, on average, approximately $600,000, including $220,000 for equipment and $140,000 for inventory. In instances where Monro acquires an existing business, it may pay additional amounts for intangible assets such as customer lists, covenants not-to-compete, trade names and goodwill, but generally will pay less per bay for equipment and real property. Total capital required to open a store within a BJs Wholesale Club is substantially less than opening a greenfield store.New service and tire stores, (excluding acquired stores and BJs locations), have average sales of approximately $384,000 and $1,015,000, respectively, in their first 12 months of operation, or $64,000 and $145,000, respectively, per bay.
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