Introducing an acquisition opportunity for a high-end audio & video equipment dealer. This company operates out of a 3,000 SF retail space with an impeccable showroom in a growing and highly desirable suburb. Their edge over the big box competition is excellent service and in-home installations. They have been in business for over 44 years and are known as the place to go for high quality home entertainment. The Company serves both residential and commercial, with multiple revenue streams including home theater/media room installations, home automation (hot industry), and outdoor entertainment systems. Work-from-home lifestyles are here to stay, and this company is poised for growth as more and more people continue to upgrade their home office and entertainment systems. With a stellar reputation and established infrastructure, this turnkey acquisition is perfect for an entrepreneur who is passionate about cutting edge audio & video technology. Please inquire directly to this ad or contact to sign an NDA and learn more.
- Asking Price:
- $799,000 Furniture / Fixtures included
- Sales Revenue:
- $1,947,721
- Cash Flow:
- $265,465
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Lease is up for renewal in October 2022
- Lease Rent:
- $22 per sq ft per annum
- Location:
-
Growing Chicago suburb with a high net worth demographic and a lot of new construction.
- Premises Details:
-
Impeccable and highly visible showroom. Located in one of the fastest growing and most desirable Chicago suburbs, with a high-net-worth demographic. This is THE place to go for home theaters, home automations, and outdoor AV.
- Size in square feet:
- 3,000
- Planning Consent:
-
Lease is up for renewal in October 2022
Business Operation
- Expansion Potential:
-
Add subscription services, eCommerce, new locations. The sky is the limit.
- Competition / Market:
-
This is a competitive market. Excellent customer service and white glove hoe installs set this business apart.
- Reasons for selling:
-
Retirement
- Trading hours:
-
7 Days a Week
- Employees:
- 5
- Years established:
- 1978
Other Information
- Support & training:
-
Seller is committed to a smooth and thorough transition.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Negotiable with a strong offer.
- Furniture / Fixtures value:
- $140,754 - included in the asking price
- Inventory / Stock value:
- $73,277
- Website:
- Login or register to view link
- Relocatable:
- This business can be relocated.
