Home Appliance Retailer Exceptional & Profitable

Business Overview:

70+ year, 4th generation retailer of home appliances.  Located in a secondary market where service matters in addition to price.  The business sells in its home county and nationwide through online platforms.  This business adjusted its strategy and thrived during the COVID impacted years resulting in doubling its profitability when supply of goods to sell was low and margins were high.  Today with the market being back to normal supply levels and tighter margins, the strategy changes continue to produce excellent results and profitability compared to the pre-COVID era.  Despite being a strong performer, the business is run lean and mean with dated technology and there is room for a buyer to make improvements.

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Property Features and Assets:

Building consists of 3,500 sf showroom and 5,100 sf warehouse.  There are three other income producing investments on the property.  The company has 6 working vehicles plus furniture, fixtures, and equipment necessary to operate the business.

Market Competition and Expansion:

Business sells locally from it single store location and nationally through online platforms.  Located on a busy highway.  There are more sophisticated programs that could be used to increase online sales.  Also could add a CRM program to keep in contact with local customers and promote service and product sales.  This company turns away service call requests due to limited capacity.  There is money to be made in service by adding more technicians. 

Reason for Selling:

Additional Details:

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