20+ Year Audio / Video Co - $400K Sales Booked '21

Cincinnati, OH
Hamilton County


Asking Price: Annual Revenue:
$595,000 $1,010,000

Services: Construction, Contractors


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RE: 20+ Year Audio / Video Co - $400K Sales Booked '21 Broker: Dan Long

Quick Facts

Asking Price: $595,000
Annual Revenue: $1,010,000
Net Profit: Not Disclosed
Cash Flow: $190,000
Total Debt: Not Disclosed
FF&E: $85,000
Real Estate: Not Disclosed
Year Established: 1998
Employees: 5
BBN Listing #: 619616072
Broker Reference #: 12695

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Business Overview:

The retirement aged owner of this business just enjoyed the best July - December 2020 and full year sales volume in the company’s history – over $1,000,000. The best news for buyers is that the orders have been placed and deposits have been accepted, but the installation of many of the jobs will not take place until 2021. 2021 is gearing up to be a fantastic year. The company provides audio and video services to homeowners along with home theaters and outdoor installations. The business is offered as an asset purchase, free and clear of debt. The owner will train in all aspects of the business and will be available to ensure a smooth transition. Highlights include:

SBA loan qualified
No accounts receivable issues
Industry proposal software utilized
Sales deposits will transfer to buyer
Price includes $85,000 of equipment
Over 50 years of employee service to company
Over $400,000 sales orders scheduled for 2021
Little to no marketing – much growth potential
Price includes 2 wrapped service vans and 1 auto
Clean books & records – all numbers are verifiable

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Property Features and Assets:

The company operates out of a 2,000 square foot facility which is comprised of offices, a showroom, and a shop.

Market Competition and Expansion:

The company was founded over 20 years ago with the goal of providing excellent music throughout the home. It led the way and has sparked many of the whole house audio solutions available in the industry today. Quality, appearance, and ease of operation ensure that the company delivers a system that brings music and movies to life.

Reason for Selling:

Retirement

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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