Business for Sale Overview:
With competing appliance retailers experiencing over 30% sales drops, this company has shown that it can easily absorb the worst recession of the past fifty years. A very motivated and trained team not only maintains but also expands its customer base in these times, all along allowing the owner to take a three month absence in Florida each spring.
However, the owner is ready to retire after all these years in the trade and is seriously motivated to make it a successful transition for a buyer. The buyer will not only have an excellent team and location in place but more importantly, an excellent client basis. The store focuses on high end appliances with some electronics. Due to its affiliation with one of the largest buying groups, the store is highly cost competitive versus large box stores. A sophisticated, proven marketing campaign continues to deliver results, and ’09 sales are expected to be at ’08 levels.
The purchase price of $799,000 (plus $300,000 for inventory) includes $340,000 in rolling A/P and debt somewhat offset by A/R, thus, a buyer needs to layout only approx $300,000 in own cash (the business has been pre-approved by SBA lending sources for $400,000 financing.)
The average annual SD Cash Flow of $300,000 plus over the past three years will allow a buyer to recoup his initial cash down payment within a year. The after-debt / after acquisition cash flow will be $230,000 to the new owner, and represents a 90% plus return on cash down.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Very nice located, in prime spot, "landmark" location!! (Available for sale if so desired).
Market Competition and Expansion:
Competition: Limited competition due to geographic location and buying group cost advantage. Company has competitive advantage to due its excellent employees and long-term location
Growth and Expansion: Excellent, by way of expanded product spectrum and enlarged/enhanced show room (which is easily possible within existing building)
Reason for Selling:
Retirement after 20 plus years
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.