Step into a lucrative opportunity with a well-established home appliance retailer. Located in Southern Maine, this business has a stellar reputation for quality products and exceptional customer service. The business carries exclusive brands catering to various styles and budgets. Benefit from a high visibility storefront in a bustling area, and dominant market position.
- Asking Price:
- $1,200,000 Furniture / Fixtures included
- Sales Revenue:
- $2,750,000
- Cash Flow:
- $450,000
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$75,000 per annum
- Location:
-
High visibility location in a desirable market area.
- Premises Details:
-
The business occupies a 4,000 square-foot building located on a busy thoroughfare in Southern Maine.
- Size in square feet:
- 4,000
Business Operation
- Expansion Potential:
-
The business' location and strong brand image have built a loyal customer base. This retailer has a unique and profitable niche in a quality product line. It serves a desirable geographic area, and is well positioned with excellent growth opportunities.
- Competition / Market:
-
The home appliance business has territorial exclusivity to top suppliers and products ensuring competitive advantage. The business is well respected within the community, with strong local ties to area builders and repeat customers.
- Reasons for selling:
-
Retirement
- Employees:
- 8 FT
- Years established:
- 2004
Other Information
- Support & training:
-
Owner will provide transition training for a new owner.
- Financing available:
-
Anticipated bank financing of $950k. Working capital needed $100K.
- Furniture / Fixtures value:
- $100,000 - included in the asking price
- Inventory / Stock value:
- $300,000
