Travis Coslett and his girlfriend were only five days into the purchasing process of the Martinez New and Used Tire Shop before it caught fire Wednesday afternoon.
Whitehouse and Bullard fire departments responded to the call early Wednesday afternoon.
Travis says he heard a loud "pop" from the back part of the shop located right next to the main building.
The building doesn't have running water yet, so Travis tried to contain the fire with fire extinguishers but was unable to.
Items used to run the business and personal items including clothes and memorabilia were in the shop when it caught fire.
The cause of the fire is unknown, but the new owners say they assume it might have been caused by electrical issues.
Thankfully, no one was hurt.