Business Summary:
Automotive electronics retail store located in Southport, Ct. in Fairfield County. The owners are retiring and are offering this opportunity to purchase this profitable shop specializing in auto stereo systems, alarms and remote start systems, radar detection and mobile video systems. This shop also upfits new cars and trucks for multiple car dealers in the area. Established 17 years ago and has been a staple in the Fairfield, CT. area for those seeking the highest quality equipment for their cars along with professional installation at our location and on site at our car dealer base. Voted "Best Place to Buy a Car Stereo" by the readers and staff of the Fairfield Weekly in both 2007 and 2008. Upscale clientele that return time and again to outfit their cars with the latest technologies, a customer base that has grown exponentially year after year even in the current economic environment. This business is a turn-key investment including the extensive inventory on hand from major manufacturers. The shop has a 2 bay installation garage that was just built new in 2005, equipped for the efficient installation of all aspects of auto stereo and accessories. The rent for the building is well below the per-square foot amounts commanded for this area of Fairfield County. The current lease has a 5 year option on extension and the landlord is also willing to begin a new lease at similar terms with a new owner. The gross sales for 2008 exceed 700K.
The current owners will be available for a period of transition and introduction to dealer accounts and suppliers.
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| Year
Business was Established: 1993 |
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| Number of Employees:
2 owner-operators |
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| Facilities / Terms of Lease:
2500 SF retail and service area; 5+ years left on lease and/or can start new w/ landlord |
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| Potential
Growth/Expansion:
This is an excellent opportunity for an installer/owner with 1-2 additional employees, or a partnership. The store is located directly next to an upscale & classic car dealership which sells antique and special interest cars, and attracts a constant flow of traffic to the store. |
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| Owner
willing to train:
yes |
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| Reason for selling:
retiring |
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Seller Reference Number: 41980017
BusinessMart.com Listing Number: 57857 |
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