High End Audio Video Retail For Sale

Business description

For many years, this very well-established retail chain has catered to wealthy audiophile connoisseurs with loads of discretionary cash to spend on their home electronic toys. Offering only the ultimate in state-of-the-art hi-tech consumer stereo and HDTV brands and equipment currently available, together with peripherals, accessories, and consumables, they also plan, design and install turnkey entertainment centers in the homes and offices of LA`s "rich and famous" industry players and wealthy business and professional elite. With an average ticket price of $1,100, not including profit-generating installation fees, overall sales average $538 per s.f. of retail space, bettering the electronics industry average $355 per s.f. Each location is staffed by well-trained, courteous and knowledgeable home electronics sales professionals who love working with this class of merchandise. PLEASE NOTE: THE OWNERS` DECISION TO MARKET THIS OFFERING IS STRICTLY DISCRETIONARY: The preferred buyer will be either a related business or investment group seeking a well-branded strategic acquisition, or an individual possessing an excellent working knowledge and understanding of the high-end a/v and consumer electronics brands and products featured, the target market, and the luxury home entertainment equipment industry. Please consider this noteworthy fact: Startng February 2009, HDTV sales are expected to go ballistic with the final conversion to mandatory HDTV transmission / reception. Consumers will either have to buy new equipment, or relegate themselves to viewing TV with conversion boxes in order to view broadcast, CATV and Satellite TV. Now is your opportunity to exploit the coming transition.

For more information, please contact Brian Gunshor.

Property information

Location:

Several locations.

Other information

Reasons for selling:

To pursue other interests.

Trading hours:

7 days, 11-6pm

Furniture / Fixtures value:

$35,000 (included in the asking price)

Inventory / Stock value:

$1,000,000