MergerPlace

Iconic, Profitable Appliance Business

Virginia


  • Asking Price: $740,000
  • Gross Income: $5,387,923
  • Cash Flow: $309,028
  • Real Estate: Not Disclosed
  • Inventory: $792,347
  • FF&E: $75,001
  • Listing ID: #209738
  • Established: 1972
  • Employees: 21 FT

Business Description

This appliance business is a 46-year-old tradition in Northern Virginia, specializing in sales and home repairs of major household appliances and over the counter parts sales. It has maintained positive annual growth and is a one stop service for consumer appliance needs. It has a broad reputation and has maintained its position as the dominant consumer appliance company in the region.


Business Details

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

Company Information

Year Established: 1972
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 21 FT

Financial Information

Asking Price: $740,000
Gross Revenue: $5,387,923
Cash Flow: $309,028
FF&E: $75,001
Inventory: $792,347
Seller Financing Available: No

Property Information

Facilities:

The company has three locations; two retail sales locations and a warehouse location. Management and administrative operations take place in one location.

Growth & expansion opportunities:

The appliance industry itself is poised for growth reflecting the strong economy and move to smart-home appliances. The added service personal will support the sales of parts for service calls and allow for a more proactive approach to service needs which carry higher margins. With the exit of a major competitor and the continued decline of Sears an excellent opportunity is available to expand the customer base and increase sales.

Competition:

The economy locally and nationally remains strong. Reflecting this, AHAM, The Association of Home Appliance Manufacturers, indicates an increase in appliance sales of 3.5% for 2017. In addition, sales are anticipated with consumers' move to smart-home appliances for increased energy efficiency and convenience. Locally, with the exit of a major competitor and the gradual decline of Sears, the business has excellent opportunity to gain sales and expand its customer base.

Reason for selling:

Owners are ready to pursue new interests.

Support & Training:

Will train for 2 weeks @ $0 cost. Products sold and serviced include all major brands in the household appliance arena. Home deliver of new appliances and in-home service repair are also offered. Knowledgeable, in-store customer support for walk-in, over-the-counter parts sale available. Retail and management knowledge required as well as basic appliance understanding.

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Business Listed By:

Fred Walker

Murphy Business Brokers