Appliance Repair -New Price-SE Massachusetts

Bristol County, MA

Seller Financing Available
Appliance Repair -New Price-SE Massachusetts

Asking Price:$149,000

Cash Flow:$90,000

Gross Revenue:$570,000

EBITDA:N/A

FF&E:$37,000

Inventory:$50,000*

Established:2000

*not included in asking price.

Appliance Repair -New Price-SE Massachusetts

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Business Description

This appliance repair business has a longstanding reputation for quality and service. Manufacturers and dealers (Sears/Lowe's/Home Depot) assign them warranty work and service calls after the warranty ends. Service is performed Mon-Fri only.
Utilizing proprietary software, the jobs and parts are routed to the desk of the scheduler, who then directs each technician. The technicians bring the company trucks home each night, and schedulers try to route them efficiently each day. There is plenty of work.
Note that inventory fluctuates and is at additional cost to the price of the business.
Business can be moved within the region as there is virtually no walk-in traffic.

We have prepared a full summary and revenue expense breakdown. To receive more information about this great business, fill out the "Contact the Seller" area on this page and provide the requested information. You will be asked to sign a non-disclosure agreement.

Detailed Information

Inventory:
Not included in asking price
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This successful appliance repair business currently operates out of a storefront on a major state numbered highway in southeastern Massachusetts. The 1000-square foot premises are leased for $750 per month. Since the repairs are performed at customers’ homes, the location of the business is relatively unimportant and it could be moved within the trading area. The current location offers abundant free parking.
Competition:
The business has a great reputation and routinely turns away work. They perform warranty repairs for appliance manufacturers and dealers as well as “cash” work ordered directly by individuals. There are other repair companies, but the experienced staff, community reputation, and long-standing presence provides this business with plenty of customers. There are many high-end year-round and seasonal homes in the service area. These have expensive appliances and customers who are not price-sensitive. The market is almost entirely residential customers, not restaurants or other commercial establishments.
Growth & Expansion:
There are numerous expansion possibilities for the business as the manufacturers continue to compete on more complicated products and prices rise. The ability to add dependable and knowledgeable technicians is a key success factor. The strength of the office staff in A)scheduling jobs and B)having the right parts on hand are key factors in the company's highly successful “one and done” business model, eliminating unprofitable call-backs. The addition of Saturday and Sunday hours could increase business, depending on the ability to charge premium prices and attract technicians interested in working those days.
Financing:
Seller will offer some financing to qualified buyer with significant down payment.
Support & Training:
Seller will provide a smooth transition and may be willing to work beyond the 2-week transition period.
Reason for Selling:
Seller's health forces sale

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Peter Quandt

Business Listed By:
Peter Quandt

Goodman And Company Business Brokers

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Sponsoring Broker:
Peter Goodman, CBI

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