Business For Sale

46-year-old, Iconic, Profitable Appliance Business

Not Disclosed, VA
Loudoun County

Asking Price: Annual Revenue:
$740,000 $5,387,923

Retail: Home Improvement

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RE: 46-year-old, Iconic, Profitable Appliance Business Broker: Fred Walker

Quick Facts

Asking Price: $740,000
Annual Revenue: $5,387,923
Net Profit: Not Disclosed
Cash Flow: $309,028
Total Debt: Not Disclosed
FF&E: $75,001
Real Estate: Not Disclosed
Year Established: 1972
Employees: 21
BBN Listing #: 32824955
Broker Reference #: 2001-14421

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Business Overview:

This appliance business is a 46-year-old tradition in Northern Virginia, specializing in sales and home repairs of major household appliances and over the counter parts sales. It has maintained positive annual growth and is a one stop service for consumer appliance needs. It has a broad reputation and has maintained its position as the dominant consumer appliance company in the region.

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Property Features and Assets:

The company has three locations; two retail sales locations and a warehouse location. Management and administrative operations take place in one location. Assets include existing inventory, build out of leased spaces, equipment used for management, administration and sales including desks, computers, relevant software. Service related assets include training program, tools, communication devices and vehicles. Total Assets; $ 569,181.

Market Competition and Expansion:

The economy locally and nationally remains strong. Reflecting this, AHAM, The Association of Home Appliance Manufacturers, indicates an increase in appliance sales of 3.5% for 2017. In addition, sales are anticipated with consumers' move to smart-home appliances for increased energy efficiency and convenience. Locally, with the exit of a major competitor and the gradual decline of Sears, the business has excellent opportunity to gain sales and expand its customer base. The appliance industry itself is poised for growth reflecting the strong economy and move to smart-home appliances. The added service personal will support the sales of parts for service calls and allow for a more proactive approach to service needs which carry higher margins. With the exit of a major competitor and the continued decline of Sears an excellent opportunity is available to expand the customer base and increase sales.

Reason for Selling:

Owners are ready to pursue new interests.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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