MergerPlace

40+ Year, Diverse & Stable Retailer

Michigan


  • Asking Price: $300,000
  • Gross Income: $1,497,219
  • Cash Flow: $96,064
  • Real Estate: $350,000
  • Inventory: $132,000
  • FF&E: $30,000
  • Listing ID: #209164
  • Established: 1972
  • Employees: 8

Business Description

Founded in 1972, this Company sells a variety of appliances, mattresses, and more common and in-demand products. The Store sells new products, services old products, and has a full-time delivery branch. The Company has developed an extremely strong reputation in the area for the top-quality products and service offered. The Company is not threatened by big box retailers due to its small-town location and stellar reputation.
Company Asking Price: $300,000
Real Estate Asking Price: $350,000
The owners are seeking retirement and are seeking to transition the Company to new ownership. Training will be provided during a reasonable transition period. The associated real estate is available for purchase or lease.
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Business Details

Primary Business Category: Retail Trade - Electronics & Appliance
Location: Michigan

Company Information

Year Established: 1972
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 8

Financial Information

Asking Price: $300,000
Gross Revenue: $1,497,219
Cash Flow: $96,064
FF&E: $30,000
Inventory: $132,000
Real Estate: $350,000
Seller Financing Available: Yes

Property Information

Facilities:

The Company operates out of a 6,000 sq. ft. facility leased from a related entity. The real estate is available for purchase or lease. The estimated market value of the real estate is $350,000.

Growth & expansion opportunities:

Growth Opportunities include: (1) Connectivity Products: The Company could naturally enter the market to sell connectivity products that give customers complete control over their houses. This fast-growing market provides significant opportunity for growth. (2) Improve Online / Social Media Presence: The Company could substantially upgrade its online presence to draw more customers’ interest. (3) Expansion of Mattress Segment: While the Company offers mattresses, there is still room to expand in this market.

Competition:

Investment highlights include: (1) Custom Care and Service: The Company is able to offer custom solutions to its customers through its extensive experience in the industry. (2) Professional and Quick Delivery Service: The Company offers a delivery service so that it is able to sell to customers within a large geographic area. (3) Excellent Reputation: The Company has developed an extremely strong reputation in its 45 year history through constant word of mouth referrals. Online reviews are nearly unanimously outstanding.

Reason for selling:

Retirement

Support & Training:

The owners are willing to provide assistance through a reasonable transition period.

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Business Listed By:

Matt Baas

Calder Capital, LLC