Talking Business With Alan Kohler

Travis Osborne, the CEO of Mobile Tyre Shop. As the name suggests, he has a fleet of 40 vehicles that will go to a person's work or home and change their car tyres. Travis got a fair bit of publicity in 2015 when he went on Shark Tank and two sharks agreed to buy into the business. Back then his turnover was $1 million and he had a valuation of $2.5 million. The two sharks agreed to pay $250,000 for a 10% share but the deal never went ahead.  Five years later, Travis expects to have 100 vehicles on the road by the end of the year and if he achieves that the business will be valued at around $100 million. Investor David Williams has bought into the business and is Chairman. Mobile tyre businesses are very big in other parts of the work, and Michelin recently bought a 40% share in one in Europe. In Australia, the tyre market is a $5.6 billion industry so Mobile Tyre Shop only needs a small percentage to be a much bigger business. The company doesn't stock any tyres so can use any of the 7,500 types on the