MergerPlace

Vacuum Cleaner Sales & Service

Texas (Lubbock)


  • Asking Price: $109,000
  • Gross Income: $142,317
  • Cash Flow: $40,616
  • Real Estate: Not Disclosed
  • Inventory: $34,000
  • FF&E: Not Disclosed
  • Listing ID: #205752
  • Established: 2014
  • Employees: 1 FT/ 1 PT

Business Description

In 2014 the company opened in Lubbock specializing in the sales and service of high end vacuum cleaners, air purification units, infrared heating units, exclusive water filtration systems, central vacuum systems, along with carpet and floor cleaners. The owner states the elite lines of vacuums and the special techniques used to demonstrate suction and durability and some extended warranties, give this company an edge over internet sales and other competitors.


Business Details

Primary Business Category: Retailers - Miscellaneous
Location: Texas
County: Lubbock

Company Information

Year Established: 2014
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 1 FT/ 1 PT

Financial Information

Asking Price: $109,000
Gross Revenue: $142,317
Cash Flow: $40,616
Inventory: $34,000
Seller Financing Available: Yes

Property Information

Facilities:

The company leases 1650 SF of space in retail center located in a high traffic area of Southwest Lubbock.

Growth & expansion opportunities:

A continued marketing plan using direct mail and television while maintaining the established relationships with the exclusive manufactures. Hiring an outside sales and marketing person to focus on building more commercial accounts would benefit the new owner. The owner feels a much higher focus placed on marketing the new Beyond air unit will increase sales.

Competition:

The Company has very little competition in the Lubbock area due to the exclusive relationships with major high end brand name dealer networks who offer territorial commitment to their authorized dealers.

Reason for selling:

After stabilizing the business and hitting record sales of $350,000 the first year of business, in 2015 the owner financed the business to a third party. This was in an effort to keep revenue flowing in this business and also have time to dedicate to his other businesses. Business Revenues at The Company significantly began to decrease under the new management, inventory was not replenished causing a decrease in sales, existing marketing efforts were dropped. Due to lack of payment, the owner decided to return back to this business on a part-time basis to re-stabilize what he believes is a profitable business, in a great location. Currently the owner has replenished inventory, implemented aggressive marketing campaigns, and is physically present part-time overseeing the day to day operations. Recent results reflect an increase of sales to 31 air units within 45 days. The owner is excited to compare these sales reports to the 11 air units sold within the past 3 years.

Support & Training:

Will train for 12 weeks @ no cost. The company proudly provides home and business owners with many quality, high efficient brand name products that promote a healthy home. Their success is attributed to helping their customers create a clean, functional home or business at an affordable price. With years of experience in the vacuum business, developing and maintaining dealer relationships with the industries top brands, the store is a one stop shop for customers looking for quality products that cannot be purchased just anywhere and great customer service. No special education is needed to run the business. Manager/Owner operator and a part-time repair man is required to run this business. Training: The various vacuum cleaner manufacturing companies offer education and training on their products to approved vendors. The owner will pay the current manager to train the buyer three months in store and will be available to answer questions for one year.

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Business Listed By:

David Powell

Murphy Business Brokers