Available
Groton Connecticut Owner Operated Tire Shop NET 610k
$1.495.000
Description
Business For Sale: Established Tire Shop Groton, CT – Profitable with Strong Market Presence
Overview: An exceptional opportunity to acquire a well-established and profitable auto accessory and tire shop with over 35 years of successful operation. This business offers a diverse range of services, including tire sales from leading brands, auto repair services, U-Haul rentals, and a variety of auto accessories. With a solid reputation for quality products and excellent customer service, this business is poised for continued success under new ownership.
Key Business Highlights:
- Diverse Offerings:
- A wide selection of tires, including premium brands such as BFGoodrich®, Michelin®, Goodyear, Bridgestone, and more.
- U-Haul rentals and a robust selection of auto accessories, providing multiple revenue streams.
- Strong Financial Performance:
- 2024 Gross Sales: $2,271,361
- Net Profit: $610,000, reflecting strong profitability and operational efficiency.
- Established Reputation: Over three decades of operation have earned the business a loyal and expanding customer base.
- Competitive Rent: At only $6,000 per month, the current rental agreement offers favorable terms for continued profitability.
Reason for Sale: The current owner is retiring after years of building a successful business. This sale presents a fantastic opportunity for a new owner to take over an established business with strong financials, consistent revenue streams, and a solid reputation in the market.
Ideal Buyer: This business would be perfect for an individual with a background in auto repair and/or tire repair skills that is NOT afraid to get their hands dirty.
Opportunities for Growth:
- Expanding marketing efforts to target a broader customer base.
- Increasing service offerings or introducing new products to enhance revenue streams.
- Has CT Auto repair License, but does NOT do Repairs
- Has CT Auto Rental license, but only has 1 rental car
- Exploring further partnerships with local businesses or fleets for ongoing, consistent work.
Contact Information: For more details, including financial specifics, or to schedule a confidential discussion, please contact: 718-640-4523
Overview
Property ID:
12427
Type:
Automotive - Car Wash - Auto - Boat
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