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Business For Sale
CAR STEREO STORE. REDUCED TO SELL NOW!
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Asking Price: |
$108,000
USD USA Dollars
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Business for Sale Industry: |
Retail: Electronics, Tech., Cell Phones
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Reason for Selling:
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Moving on |
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Year Established:
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1983 |
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# of Employees:
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2 Full Time |
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Yearly Cash Flow:
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$84,369 |
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Yearly Gross Income:
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$385,540 |
Business for Sale Overview:
This business specializes in three major products: car stereo and accessories, cell phones, and satellite TV. Great brand name recognition. They have been in business since 1983 so you are looking at a well-established company with a good customer base. It is reasonably priced to sell now and has a high net profit. Return on investment is one year. Owner has good books and records. Owner wants 90,000 down and will finance the balance at a good interest rate and good terms. Between 5,000-10,000 worth of shop inventory will be included in the sale. Product inventory is not included in the price and will be negotiated before closing. Good working environment. Owner is willing to train. It is an easy business to learn.
Property Features and Assets:
2,400 square feet. Rent $2,500 per month. 10 year lease, 5 year option. Owner owns the building and it is in excellent shape. Located on a busy street with plenty of parking.
Market Competition and Expansion:
Very limited competition in the area. Just acquired direct satellite distributorship. Plenty of growth for the car stereo business, cell phones, and the new satellite line.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not 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.
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