NOT DISCLOSED, Illinois
| Asking Price |
$85,000 |
Year Established |
1950 |
|
| Annual Revenue |
$55,146 |
Reason for Selling |
Retiring |
|
| Annual P/L |
$0 |
Attention |
Anthony Petrilla |
|
| Annual Cash Flow |
$5,565 |
Listing Number |
993370 |
|
| # of Employees |
2 |
Business Category |
Retail: Electronics, Technology, Computers, Cell Phones |
|
Business Overview:
This well-established electronics and appliance repair business has been serving the Chicagoland area for over 70 years. Specializing in the repair of televisions, audio equipment, small appliances, and vintage electronics, the business has built a loyal customer base through exceptional service, expertise, and fast turnaround times.
Specializing in a broad range of services—including television, computer, appliance, and antique electronics repair—the business caters to a diverse clientele within a 50-mile radius. Operating from a strategically positioned storefront, it benefits from consistent foot traffic and a loyal customer base. The business is owner-operated and currently generates annual revenues of approximately $55,000 - $60,000 over the last 3-years and maintains a lean operation with a small, skilled team.
The company's longevity has made it a trusted name in the community. Its service offerings and personalized customer care set it apart in the electronics repair industry. With the increasing demand for sustainable and cost-effective repair solutions, there is significant growth potential through expanded marketing efforts, addition of new services, and potential partnerships. This business presents an ideal opportunity for an entrepreneur or technician looking to step into a turnkey operation with a strong foundation and room for growth.
Property Features and Assets:
<p>Business was originally established in 1950 with the current owner buying the business in 1986. Has been located at its current storefront location since 2013.<br></p>
Market Competition and Expansion:
<p>Targeted Marketing Strategy – Digital marketing initiatives, SEO, and local outreach can boost brand visibility and attract new clients.<br><br>Expanded Service Lines – Opportunities to add services such as appliance installation or high-tech audio system repairs.<br><br>Strategic Partnerships – Potential to partner with local retailers, appliance companies, or educational institutions to expand client base<br></p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity