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: $570,000, 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