Radio Shack

Columbus, NE

Eastern Nebraska


Asking Price: Annual Revenue:
$115,000 $298,767

Retail: Electronics, Technology, Computers, Cell Phones


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RE: Radio Shack Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $115,000 15% Buyer Down Payment: $17,250 15% Seller Financing: $17,250 70% Bank Loan: $85,500

Quick Facts

Asking Price: $115,000
Annual Revenue: $298,767
Net Profit: Not Disclosed
Cash Flow: $55,018
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1959
Employees: 3
BBN Listing #: 543434398
Broker Reference #: RET063

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Business Overview:

Columbus Electronics, paired with Radio Shack and Steren Electronics, has earned some of the most loyal clientele after serving the community for over 60 years. Clients are typically local community members, farmers, and car dealerships within a 45-mile radius, and there are more than 15,000 clients in their database. This business’s services include home and auto electronics installation and repair, dish network services, interlock (DUI monitor) services. They also have a retail location that sells various electronic products, which carries about $35,000 in inventory.

The owner provides general management and is currently completing radio and speaker repairs, interlock installs, remote start installs, and all custom work. His employees manage the sales floor, office duties as well as setting up displays, and organizing merchandise. The owner is willing to assist with a 3-6 month transition period and would be willing to train a new owner on how to do installations and repairs. He will also be on-call for any additional questions!

The $3,100 per month lease includes two retail storefronts, each 1,200 sq. ft. with a 500 sq. ft. shop in one of the bays. The space also has two garage bays where all the installation takes place. Of this monthly lease, $500 of that is prorated for incidentals which would include lawn care and snow removal.

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Property Features and Assets:

Equipment: 3 spinning gondolas, 4 registers with custom counters/glass shelves/glass tops, display boards, parts drawer, wall shelves, 5 computers, 4 camera systems, printer, 4 custom office desks, 4 service benches, 12 metal shelves, and tools! Inventory: $36,000 Pipeline: $1,500 A/R: $3,000 a month Intangible Assets: Positive reputation, long term customers, great relationships with large customers, long history, experienced staff

Market Competition and Expansion:

Expanded retail and services business, increase marketing and hire more employees.

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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