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Asking Price:	$97,500 USD USA Dollars
Business for Sale Industry:	Retail: Non-classifiable
Reason for Selling:	Plans to retire
Year Established:	1987
# of Employees:	1
Yearly Cash Flow:	$23,500
Yearly Gross Income:	$160,000

Business for Sale Overview:

This vacuum store is well established with a strong customer base; having sold and serviced vacuums and related items. They service vacuums and sewing machines and have protected lines of merchandise that allow high profit margins. The owner wishes to retire and pass along this established business to a new owner that could profit by the infusion of new energy.

Property Features and Assets:

Located in Richmond on a major corridor with a high density of commerce and commercial trade. The 1,400 square feet store is divided into three areas with the largest being the showroom. The other two sections comprise of the parts and service department and the merchandise storage area.

Market Competition and Expansion:

Competition: The biggest competition is from the mass merchant. While they are the biggest competitor, they feed the business by not supporting/servicing what they sell. Growth/Expansion: The new owner could elect to add new services to the already established service base; such as ceiling fans, light fixtures, air cleaners, key duplication, knife sharpening, etc. Also, they may consider the installation of central vacuum systems and service in the field and offer pickup and delivery. Offer repair for units/brands that the current owner has declined service. Sell and service commercial equipment, increase hours of operation, web site, market services to hotels and janitorial companies.

Additional Details:

• The property is leased.
• The owner may be 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 resale opportunity.
• This is not a distressed business or bankruptcy situation.