| Asking Price |
$140,000 | Inventory |
$35,000* |
|---|---|---|---|
| Gross Income |
$735,416 | Real Estate |
|
| Cash Flow |
$113,307 | Year Established | 17 |
| FF&E |
$40,000* | Employees | 0 |
* included in the asking price
** not included in the asking price
Automotive electronics retail store and service center located in Fairfield County. The owners are retiring and are selling this profitable shop specializing in auto stereo systems, alarms and remote start, 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 a staple in the Fairfield, CT. area for high quality equipment and professional installation. 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.
Facilities: Large retail store and service bays combination with excellent lease and location. Perfect site for this business industry s ideal demographic target market.
Competition: See above
Growth/Expansion: See above
Support/Training: 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 Selling: Owner retiring

Jeff Swiggett
203-772-3773
VR Business Brokers
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