Well-Established Appliance Sales and Repair Business
Business is valued at $269k, but priced for a quick sale!!
This business is a 2nd generation owned, well established appliance sales and service business that has been in operation since 1971. Prominently located at one of the busiest intersections in town. They are the only repair center around, and do Whirlpool warranty work. There is also opportunity to pickup other brands of warranty work if the new owner desires. A new buyer could maintain the current sales and revenue by not changing anything. Or they could easily increase by adding a technician and taking on more work. They have not been affected by the big box market, nor the online market, because of their demographic, service area, and longevity. Service prices are also considerably low, and a significant bump in revenue could be made by making a small price adjustment. The owner will stay on for 90 days at no expense to the buyer to train to the technical aspect.
90 Days to ensure a smooth transition
6000 sq ft main level showroom/workshop. Up stairs has (3) 2 bed, 1 ba, apartments and also an owners suite which is 1800 sq ft, 3 bed, 3 bath. All recently updated.
Does not compete with big box stores or online. No other local competition. Very strong customer base/following due to longevity of the business.
New owner could bump revenue by 20k right off the bat by increasing price of service call by $10. The used appliance market is also very good, but the owner can't keep up with repairing them and getting them on the showroom floor to be sold. A new owner could hire a tech right off the bat and when he is not running service calls, he could be repairing the massive stock of appliances that could be in turn sold quickly. Owner does ZERO advertising. Some very simple, cheap social media could drive sales greatly. A new owner could also take on factory service work for other brands, but Whirlpool keeps him busy enough.
15 years @ 3% on the R.E.!