Modern Appliance Store

Durango, CO
La Plata County


Asking Price: Annual Revenue:
$1,500,000 $5,812,001

Retail: Home Improvement


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RE: Modern Appliance Store Broker: Charlie Cole

Quick Facts

Asking Price: $1,500,000
Annual Revenue: $5,812,001
Net Profit: Not Disclosed
Cash Flow: $227,726
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 1981
Employees: 17
BBN Listing #: 24187003
Broker Reference #: 1482-251

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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 built 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.

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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 a homebased business opportunity.
  • This is not a franchise resale opportunity.

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