Asking Price:

$95,000

Gross Income:

$1,271,775

Cash Flow:

N/A

FF&E:

$110,000.00 *

Inventory:

N/A

Real Estate:

N/A

Year Established:

2010

Employees:

4

Business Types:

Miscellaneous Retail
Blding Mat., Hardware, Garden

* included in the asking price

Business Description

Retail sales of a wide range of brands of appliances and home and garden equipment. Income is derived from sales of products and by delivery and installation fees.
Unlike other retail stores this has a very unique dealer relationship (not a franchise) that allows inventory to be displayed on site but not purchased until the time of sale. No large inventory investment is required by the owner. Dealership approval of the buyer is required.
Part time employees are paid commission on sales results. Cash Flow and Inventory details are only available to interested parties who sign a Nondisclosure Agreement.

Detailed Information

Facilities:

A glass front 7500 square foot leased facility having great visibility in a strip mall facing on a main travel route. New interior in 2010 with outstanding start up debt financed originally by landlord and assumable as add-on to monthly lease payment. At the rear is a storage area mostly used to hold a small amount of inventory. Inventory is quickly replaceable so most is displayed on the active sales floor. This back area includes a loading dock with truck access away from customer traffic.

Competition:

There are a few competitors, some distant, offering some portions of the product lines offered by this store but none with all of this product mix. Others do not have access to many of the nationally branded high quality products offered. Due to unique geography a large portion of potential customers must pass through this town to get to competitor stores, often more than doubling their shopping trip.

Growth/Expansion:

New customers are not aggressively marketed by the current owner. Most customers are drawn by drive by observation of the popularly named store. Increased advertising is recommended. Also a distant town holding a potential customer base would be better served by opening a very small satellite office/storefront having access to the primary location, also boosting sales.

Support/Training:

Seller will provide transition assistance matching the needs of the buyer. Dealer will train.

Reason Selling:

Current owner is not interested in a retail type of business

Broker Information

Bradley Field

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