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Well Established Appliance Retailer With Installation Services For Sale

Iowa, US
Asking Price:
$270,000 Furniture / Fixtures included
Sales Revenue:
$1,266,596
Cash Flow:
$84,651

Established over 90 years, this retail appliance business has an
excellent local reputation and deep roots within their
community. The business is situated in Iowa City and serves
clients in various small towns within a 50-mile radius. The staff
consists of a total of 8 members, including 1 service lead, 2
service technicians, 1 installation lead, 1 installation technician,
2 office managers, and 1 delivery assistant. With this wellestablished team in place, the owner is able to take a more
passive role, providing oversight and management support as
necessary. The business operates out of two separate
buildings. The first building has a designated area of 1,600
square feet for parts and service, along with a showroom
spanning 2,000 square feet. The second building, which houses
the appliances, has a total area of 4,000 square feet. The
purchase of this business includes $471,327 in assets, which
overcollateralizes the loan, including vehicles, trailers,
equipment, inventory, and accounts receivable.
Priced at $270,000, this business is a great opportunity for a
new owner to step in and enjoy a passive business venture!
While there are a few other appliance stores in the area, very
few offer installation and maintenance services, which sets this
business apart from its competitors. As a show of good faith,
the owner has offered 10% seller financing and will stay on
board for 6 months-1 year post-close. The loan is 100% overcollateralized!

Business Operation

Expansion Potential:

The service aspect of the industry
has exponential growth opportunities as this aspect of
their business is unique to the area. Partnering with
outside appliance sales businesses to offer appliance
servicing could offer exponential growth.

Reasons for selling:

Moving on to next chapter in life.

Employees:
8
Years established:
Over 90 years

Other Information

Support & training:

6 months - 1 year

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

10% Buyer Down Payment $27,000
10% Seller Financing $27,000
80% Bank Loan $216,000

Furniture / Fixtures value:
$471,327 - included in the asking price
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