HVAC Sale and Install of Home Appliances

Iowa City, IA
Johnson County

Iowa City, Iowa

Asking Price: Annual Revenue:
$345,000 $1,266,596

Retail: Home Improvement

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RE: HVAC Sale and Install of Home Appliances Broker: Jared Olson
Owner Financing is Available!
10% Buyer Down Payment $34,500 10% Seller Financing $34,500 80% Bank Loan $276,000

Quick Facts

Asking Price: $345,000
Annual Revenue: $1,266,596
Net Profit: Not Disclosed
Cash Flow: $84,652
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1929
Employees: 8
BBN Listing #: 803234398
Broker Reference #: RTL015-C

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Business Overview:

This Home appliance business offers sales, installation, and servicing of appliances which accounts for 33% of revenue, HVAC accounts for an additional 33%, and electrical/ plumbing make up the remaining percentage. The purchase of this business includes $471,327 in assets, which overcollateralizes the loan, and allows a new owner to continue operations. Included in these assets are vehicles and trailers, Equipment, Inventory and the Accounts Receivable. There are 8 total staff members including 1 service lead and 2 service techs, 1 install lead and 1 install tech, two office managers, and 1 delivery assistant. This established team has allowed the owner to be passive, assisting with oversight and management as needed. This business is located in Iowa City and has clients throughout the many small towns within a 50-mile radius of the business. While there are a few other appliance stores in the area, very few offer installation and maintenance of these products. This business operates out of 2 standalone buildings, building one has 1,600 square feet set aside for parts and service and a 2,000 square feet showroom, the second building is 4,000 square feet where the appliances are housed. Established In 1929, they have an excellent local reputation and deep roots within their community. This business has ample room for growth in the service side of their industry. Due to their niche maintenance services, partnering with outside appliance sales businesses to offer appliance servicing could offer exponential growth.

Priced at $345,000, a buyer would be receiving an unmatched reputation as the only business in the area that can offer the customer service and hospitality that can only be offered by a small, Midwest based pillar of their community! The current owner is looking to sell the business in order to change industries and explore other non-competing interests moving forward. He has spent a lot of time building not only this business, but also his community and has extreme vested interest in the ongoing success of the business. As a show of good faith, he has offered 10% seller financing and will stay on board for 6 months-1 year post-close.

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Reason for Selling:

Moving on to next chapter in life.

Additional Details:

  • The property is leased.
  • The owner is not 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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