Maybe it comes with free beef?
Bloomberg News reports Bend, OR-based Les Schwab Tire Centers is for sale. The price? At least $3 billion.
The tire and auto center with a reputation for friendly service owns more than 450 locations across the west, including nearly 20 stores in SW Idaho and Eastern Oregon.
Just last week, the company proposed to revamp a store on State St. in Boise with an updated, more modern look as it reinvests in stores around the area.
After the Bloomberg report, Les Schwab owners issued a statement.
“Our incredible Tire Centers, and the company and communities we have built together, make us proud,” the family wrote in the statement. “As hard as it is to make the decision to sell this company, we are confident it will offer tremendous opportunity to build on all we have accomplished together for our customers, communities and our employees. We are excited to see what the future will bring.”
In addition to the $3 billion for the chain, Schwab owns another $2 billion real estate under its stores. The chain remains privately owned by descendants of namesake Schwab, who died in 2007.
The company’s ubiquitous TV and radio advertising included a “Look for the sign, you’re in Les Schwab country” jingle for years, and its annual free beef with a tire purchase promotion.