Business for Sale Overview:
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.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
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. The store is located directly next to the an upscale & classic car dealership which sells antique and special interest cars, and attracts a constant flow of traffic to our store. This business is a turn-key investment including the extensive inventory on hand from major manufacturers.
Market Competition and Expansion:
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 $700,000. This is an excellent opportunity for an installer/owner with 1-2 additional employees, or a partnership. The current owners will be available for a period of transition and introduction to dealer accounts and suppliers.
Reason for Selling:
retiring
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.