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Michigan Business For Sale |
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| ESTABLISHED ELECTRONIC REPAIR & SALES BUSINESS |
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| Attn: Business Inquiry |
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| Grand Rapids, MI, USA |
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| Asking Price: |
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Not Available |
| Business for Sale Industry: |
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Services: Business and Office |
| Reason for Selling: |
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Retirement |
| # of Employees: |
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3 Full Time / 1 Part Time |
| Yearly Revenues: |
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$210,000 |
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Business for Sale Overview:
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The Company is one of the longest established electronic sales and service businesses with the same company name for over 40 years in the Greater Grand Rapids area. Employing 3 full-time and 1 part-time, the Company specializes in servicing electronic household equipment including flat-screen TVs, DVD players, etc. Due to its outstanding reputation and long history, the Company maintains warranty service agreements with a number of major electronic products OEMs. The Company also maintains an agreement with a major Midwest retailer which allows it to buy customer-returned electronics for a substantial discount and then re-sell them across the US.
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Property Features and Assets:
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leased |
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Market Competition and Expansion:
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A new owner could grow the business by being open more hours and expanding the type of items it repairs.
A key opportunity exists to capitalize on the Company's existing relationship with a Midwest retailer by starting an eBay or other internet-based store to distribute pre-owned electronics in a more efficient way. Present owners do not utilize the Internet to sell equipment; instead they re-sell to others who come and physically pick up their inventory. As well, the Company has undergone 3 ownership changes during its tenure and each new owner continues to benefit from the Company's well-established name and OEM relationships.
Reason for sale- Present ownership has operated company for over 24 years and is seeking retirement. |
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Additional Details:
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- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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