Retail - Miscellaneous Retail | Services - Miscellaneous Repair

$Seller Financing Available

Asking Price	$50,000	Inventory	$2500**
Gross Income	$15,357/mo	Real Estate
Cash Flow	Not Disclosed	Year Established	1985
FF&E	$5000*	Employees	0

* included in the asking price

** not included in the asking price

Unlike most retail stores that sell new appliances, this appliance store specializes in used appliances - a niche in the market that offers much higher margins, less competition, and multiple sources of income streams. First, the customers pay the Company to get rid of their old appliances (income stream #1: recycling). If the old appliance is too broken to fix, the Company will sell the metal by the ton to a metal scrap company (income stream #2: metal scrap sales). If the old appliance can be fixed, the Company will fix it with minimal labor and resell the used appliance in their showroom (income stream #3: used appliance sales). For many customers, buying used appliances is a more attractive option than buying new ones because well-maintained appliances typically last a very long time, and the prices of used appliances are generally half that of new appliances. Many appliances need delivered and installed, so the Company charges a delivery and installation fee (income stream #4: delivery and installation). Some customers attempt to fix their broken appliances themselves, so they simply walk into the Company and purchase appliance parts (income stream #5: appliance parts sales). When the self-fixing attempt does not work, customers bring their appliances into the Company for in-shop service (income stream #6: in-shop diagnostic and service). Some customers prefer the convenience of having their appliances fixed at home, so the Company charges a premium for on-site service (income stream #7: on-site service). Finally, the Company works with apartment complexes and investors doing condo conversions to remove their old appliances and install new appliances in volume quantities (income stream #8: new appliance sales). This business is best suited for an owner operator. The current owners wish to focus more time on their other business interests, making this a niche business available for an owner operator to run and grow to the next level.

Facilities: Having been in the same location and name for over 25 years, the location is well recognized on a very busy street. The owners have recently spent a substantial amount of investment to remodel the showroom, which will benefit the new owner. Hours are 9-6 Mondays through Saturdays. Good financial records are kept on QuickBooks. The owners have also spent a considerable sum to develop a very professional web site, which will be passed onto the new owner.

Competition: In a down economy, more people are looking for alternatives to buying new appliances. This niche appliance Company enjoys multiple revenue streams, lots of referrals, and markups of 50-75% on used appliance sales compared to 20% to 40% markups received by other retail stores that sell new appliances. Many customers come from the Company s web site, referrals, street signage, and newspaper advertising. The Company has working relationships with various wholesalers, and provides exceptional customer service to its customers.

Growth/Expansion: The owners are currently too busy to manage the business on a daily basis. This is a business that needs an owner operator who can put in the care and effort to take it to the next level. With new energy and focus on marketing, revenues and profits can be taken to new heights.

Seller Financing Available: Yes

Financing: Possible seller financing.

Support/Training: Negotiable.