Wonderful opportunity for profits and potential sales growth for a well-established and highly respected appliance retailer. This business is well-known and respected within the geographic community, and sells and services a broad range of brands, such as Whirlpool corporate brands, Maytag, Amana, KitchenAid and Fridgidaire. It is a part of two buying groups to purchase appliances in order to offer buying power, marketing services including digital and online marketing, and industry knowledge and updates. Appliances are sold to consumers with delivery services within an established geographic territory, and there is a strong relationship with a local healthcare/independent living facility for additional sales. Inventory and equipment are included within the purchase opportunity. Floor plan for financing for selected inventory may be available.
- Asking Price:
- $210,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $609,754
- Cash Flow:
- $126,233
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
Business real estate and storefront are highly visible along the main street of the community it serves. The real estate may be considered for purchase separate from the business assets. Additional revenue is generated through apartments currently occupied with the potential of an additional unit to be considered. The real estate also includes storage with a detached warehouse on premises.
Business Operation
- Expansion Potential:
-
This business is well-established and highly respected within its market area. There is a strong potential for growth based on new direction, marketing, potentially a new look at how to face the competition of buyer habits and desires. Part of the growth could be maintaining and stressing "locally owned with sales and service beyond larger retailers." This business has a history and a reputation of high integrity and caring for customers and community.
- Competition / Market:
-
This is a local, well-respected appliance business. Like other appliance retailers, the Business is faced with large box stores that may offer price competition, but not local personality for customer service, delivery, or repair options available with this business. For the right buyer, there is significant potential to develop additional sales and profits.
- Reasons for selling:
-
Retirement.
- Trading hours:
-
Mon 11am-5pm; Tues-Fri 10am-5pm
- Years established:
- 69
Other Information
- Support & training:
-
Will train for 4 weeks @ $0 cost.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
$168K down/$42K over 36 mos. @ 8%.
- Furniture / Fixtures value:
- $26,486 - included in the asking price
- Inventory / Stock value:
- $61,530 - included in the asking price
- Relocatable:
- This business can be relocated.
