Seller's Contact Information
- RE: Modern Appliance Store
- Contact: Charlie Cole
Quick Facts
Asking Price: | $799,000 | |
Annual Revenue: | $7,093,207 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $332,267 | |
Total Debt: | Not Disclosed | |
FF&E: | $150,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1981 | |
Employees: | 17 | |
BBN Listing #: | 24187003 | |
Broker Reference #: | 1482-251 |
Business Overview:
This modern appliance store has customer orders waiting to be delivered that total about $4M in future revenues. The business serves both consumers and contractors in a growing community. Offerings include GE, Kitchenaid, Maytag, Sub Zero, Wolf, Thermador and many others with sales representing about 90% of revenue and service about 10%. Brand new facility built in 2016 consisting of 7,980 square feet which includes 3,500 square feet of modern showroom space and good parking. A second warehouse was also acquired in 2018 adding 1,520 more square feet. Contractor sales vs retail is about 75% to 25%. Business has a good staff including a store manager that affords the owner time away. Price is for business but Seller will also sell the real estate if buyer is interested. Total for business and real estate is $3,099,000. Real estate alone is not for sale.
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Property Features and Assets:
New store built in 2016, consisting of 7,980 square feet, 3,500 of which is a modern showroom. Good parking for customers, a superb sales desk and parts counter and of course, full heating and air conditioning. The business also utilizes another 1,520 square foot warehouse in a nearby industrial park. Open 8:30 to 5:30 Monday through Friday and 9:00 to 1:00 on Saturdays. Seller owns the facility and will lease to Buyer.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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