NOT DISCLOSED, Michigan
| Asking Price |
$349,999 |
Year Established |
|
|
| Annual Revenue |
$677,412 |
Reason for Selling |
Retirement |
|
| Annual P/L |
|
Attention |
Brian Hardman |
|
| Annual Cash Flow |
$118,228 |
Listing Number |
654004 |
|
| # of Employees |
5 |
Business Category |
Automotive & Boats: Auto Retail - Auto Parts |
|
Business Overview:
This offering is for a well-established, full-service electronics retailer specializing in car audio/video, remote car starters, keyless entry and alarms, window tinting, as well as additional exclusive products. They carry a wide selection of car audio/video products from top brands like Alpine, Kenwood, Pioneer, etc.
Loyal, fully trained, and experienced staff in place. All tools and equipment are included in the sale.
Property Features and Assets:
3,700 sq ft flex space. The lease is triple net with a base rent of $3,500 /month through January 1, 2024, with an option to extend for three years. Real estate may be available for purchase.
Market Competition and Expansion:
Opportunities to grow the business include:
- Increase advertising (print, radio, and television).
- Hire additional technicians.
- Increase prices by 5-8% over the next six months.-
- Open a retail store to sell additional products.
- Increase building footprint by acquiring/leasing property next door.
- Expand exclusive product lines.
- Lucrative government contracts/agreements with Michigan
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