Business Overview:
Since 1935, Auger and Sons, Inc., has been selling and servicing a wide variety of vacuums and sewing machines and is currently being managed by the third generation of the same family.
Sales the past two years have exceeded $720,000, producing seller’s discretionary earnings of $150,000 +/- per year. Growth opportunities exist with the expansion of the ecommerce side of the business and expanding the central vacuum installation piece of the business. The real estate consisting of two buildings is included in the sale. The owners would like to retire but are willing to stay for whatever it would take for a smooth transition to new ownership.
The business sells and services many major brands of vacuums and sewing machines. Service is provided by certified, factory trained personnel setting this business apart from the box store competition. The business has an excellent reputation of standing by its sales and service which results in many repeat customers many of which are second and third generation customers.
The business and property with $99,836 worth of furniture, fixtures and equipment, training during the transition to a new owner, non-compete agreement, vendor, supplier and customer lists, good will and available long term training are offered at $750,000 plus, the value of the inventory and supplies. The offering price is allocated at $400,000 toward the real estate and $350,000 toward the value of the business and its assets plus, the value of the inventory and supplies. The value of the inventory and supplies is approximately $70,000 and will vary with the business cycle at the time of the sale.
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Property Features and Assets:
The real estate is commercial/retail designated and is .54 acres in size. There are two buildings on the property - 2240 sq. ft for sales and display and 2080 sq. ft. for service and repair and inventory.
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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