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Successful TV/Audio Retail Business In Florida For Sale

Florida, US
Asking Price:
$549,000
Sales Revenue:
$1,254,137
Cash Flow:
$192,452

Profitable, well-established, & diversified business. Founded in 1990, this long-standing business has been a great asset to the community. Focusing on sales & service of electronics, audio equipment (home & auto), and appliances. Service contracts in place with all major manufacturers.

This is a diversified business, drawing revenue from multiple sources at great margins. They have a loyal customer base and significant growth potential for entrepreneurs who are passionate about making money while being involved in a fun industry.

Great location in a growing area with mobile technicians as well. Very good lease and high-visibility free-standing location. All the vehicles and equipment transfer to the new buyer, including everything you need to run and operate this successful business.

Inventory is available for an additional fee.

NDA and proof of funds are required. This listing is offered as a co-broker collaboration with the seller broker.

Property Information

Real Estate:

Lease

Lease Terms:

$3,900 per month
Lease Expiration: 12/31/2033

Premises Details:

Free standing location with 3 fully equipped service vans. Auto Audio service bay on site. Great parking. Located in a high growth area. Well established Business at the same location for 33 years. Seller will become landlord and will offer new buyer a very fair lease of 5 years with 5-year option at $18 per square foot, Gross Lease. Seller/landlord will maintain roof, taxes, maintenance, and insurance on building.

Business Operation

Expansion Potential:

Creating an advertising and marketing program. Adding more service vehicles and technicians. Expanding the 12-volt retailer & auto audio division. Extending the geographical area.

Competition / Market:

Business offers a full-service experience not limited to their products. Southwest Florida is a booming area with an increasing number of customers.

Reasons for selling:

Retirement

Employees:
9
Years established:
1990

Other Information

Support & training:

The Seller will provide training for the transition. If interested, the Seller is willing work for an extended period of time for a modest wage.

Financing available:

SBA 7A Eligible & Seller Financing to qualified candidate

Inventory / Stock value:
$80,000