Appliance Repair & Service Co.

Ocean County, NJ

Seller Financing Available
Appliance Repair & Service Co.

Asking Price:$250,000

Cash Flow:$95,101

Gross Revenue:$445,778





Appliance Repair & Service Co.

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Business Description

Appliance Repair & Service Company with long standing relationships consisting of a large volume of clients which include many National Appliances Retail Distributors. The company has a consistent yearly net income of $92,000 and continues to expand yearly. This company services and repairs all types of household appliances including Washers, Dryers, refrigeration, freezers, Ice makers, gas stoves and more. They also service the warranties for home appliances for many National appliance retail stores and insurances companies. They are well known in the area and service Monmouth and Ocean Counties. They repair existing appliances and supply quality professional service. This business uses only the highest quality materials to ensure that the appliances perform at an optimum level. The company is licensed with the NJ State, EPA and has a solid reputation and the customer is assured of obtaining professional service. The business also offers emergency service to its customers they service. This is a solid and professional business with a successful reputation for the best service possible. The sale includes basic repair equipment and general tools required for this industry. The retail store is active six days per week, (closed Sunday) and the repair service is based strictly on appointments. The business has a New Jersey State issued contractor’s license and agreements with numerous National appliance companies to supply the required appliance repairs. The Company has two employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll is approximately $5,400. This business does not have a commercial location; however, the new operator is free to further develop the company with a lease facility. Based on the asking price, required down payment and net income this business will continue to supply a wonderful return to the owner operator prior to debt service. The owner will supply training and owner financing is available to a qualified buyer. The business has yearly sales of $445,778 and a net yearly income of $95,101. The business has been valued at $250,000 based on a multiple of the net yearly income and owner financing is available to a qualified buyer with the appropriate down payment. This transaction is confidential all viewings are by appointment only and photo may not represent this particular business.

Detailed Information

Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
This business is centrally located and services Ocean & Monmouth County, NJ with continued growth and demand for this retail service. The two counties that are serviced consist of dozens of communities and thousands of residents. Due to the business style and needs, the business facility consists of a home based company.
Because this industry requires long term relationships based on performance no other specific competitors exist in this particular area and the seller will supply a non compete agreement to buyer.
Growth & Expansion:
With an updated marketing plan, expanding into other counties and by developing relationships with additional retail companies to service their accounts, this business can be further improved.
Seller financing is available to qualified buyers.
Support & Training:
Seller will supply a full transitional period to the new operator and remain thirty days’ post closing to insure full training.
Reason for Selling:
The owner is relocating into an alternative industry and out of the area.

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Ron Cervelli

Business Listed By:
Ron Cervelli

Regal Consulting Corp.

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