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.
