Exceptional Profitable Home Appliance Retailer
Business Description
New Low Price!! - SBA Lenders Ready to Go!
70+ yr retailer of home appliances. Located in a secondary market where service matters in addition to price. The business sells in its home county and nationwide through online platforms. This business adjusted its strategy and thrived during the COVID impacted years resulting in doubling its profitability when supply of goods to sell was low and margins were high. Today with the market being back to normal supply levels and tighter margins, the strategy changes continue to produce excellent results and profitability compared to the pre-COVID era. Despite being a strong performer, the business is run lean and mean with dated technology and there is room for a buyer to make improvements. Buy business and real estate with $180,000 cash down payment. Real estate cash flow is $107,000. Business and real estate cash flow equals $305,000.
About the Business
- Years in Operation
- 75
- Employees
- 10
- Facilities & Assets
- Building consists of 3,500 sf showroom and 5,100 sf warehouse. There are other income producing investments on the property. The company has 6 working vehicles plus furniture, fixtures, and equipment necessary to operate the business.
- Market Outlook / Competition
- Business sells locally from its single store location and nationally through online platforms. Located in a market where price is not everything. Service after the sale matters.
- Opportunities for Growth
- There are more sophisticated programs that could be used to increase online sales. Also could add a CRM program to keep in contact with local customers and promote service and product sales. This company turns away service call requests because of limited capacity. There is money to be made in service by adding more technicians.
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- 120 hrs of training will be included in the purchase price.
- Financing Options
- Will consider some minor financing for a qualified buyer.
Listing Info
- ID
- 2317784
- Listing Views
- 1844
Listing ID: 2317784 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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