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Business For Sale
ESTABLISHED ELECTRONIC REPAIR & SALES BUSINESS
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Asking Price: |
Not Available |
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Business for Sale Industry: |
Services: Business and Office
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Reason for Selling:
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Retirement |
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# of Employees:
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3 Full Time / 1 Part Time |
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Yearly Revenues:
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$210,000 |
Business for Sale Overview:
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.
Property Features and Assets:
leased
Market Competition and Expansion:
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.
Additional Details:
- 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 resale opportunity.
- This is not a distressed business or bankruptcy situation.
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