Retail Sales & Service TVs & Appliances Business For Sale

Business description

This retail store was established in 1985 and enjoys a very loyal customer base providing substantial repeat business. They have established a very strong, experienced service department and the managers have been in place for 20 years. The employee base is also very loyal, and the best advertising has been word of mouth. This store focuses primarily on new with some used appliance sales which accounts for 75% of total revenues. Servicing these products generates 15% of revenues. The remaining 10% stems from new television sales. This store is a member of Nationwide-Brand Direct and is an authorized dealer for Maytag, GE, Whirlpool, Frigidaire, Amana, Viking, Fisher&Paykel, Jenn-Air and LG Electronics. After 23 years of growing this business, the owner has decided it is time to spend more quality time with family and is eager to sell. The current upwards direction of this business is demanding more time not less, but the profit is certainly worth while. Some owner financing may even be available to the right buyer. To learn more about this opportunity, contact us today!

Property information

Real Estate:

Lease

Location:

The primary facility is leased at $1685 per month. The sublease would be $560 so the new owner’s portion would be $1125 per month. There are also four other buildings that could be leased or sold separately as warehouse property. The primary store is 7,000 square feet and is located within a strip mall. Situated on a major state highway, there is high traffic and good visibility.

Other information

Expansion potential:

Growth and expansion can be attained through expanding the days and hours of operation. Expansion at the current location could evolve by moving service or the sub-lease operation offsite. Relocation to the large warehouse downtown on the same major highway is being tested as an outlet. If successful, furniture could be easily added to increase profitability.

Competition / Market:

The nearest major competition is at least 45 minutes away.

Support & training:

Owner agrees to stay through a reasonable transition period.

Reasons for selling:

The owner wants more quality time with family.

Financing available:

There may be some owner financing available for the right buyer.

Inventory / Stock value:

$285,000

Contact the seller