High Volume Stereo Shop - Retail / Repair / Wholesale Operation

Riverside, CA (Riverside County)

High Volume Stereo Shop - Retail / Repair / Wholesale Operation

Asking Price:$750,000

Cash Flow:$300,000

Gross Revenue:$1,800,000

EBITDA:N/A

FF&E:$100,000

Inventory:$350,000*

Lease Rate/Sq. Ft.:$1.67

Established:2001

*not included in asking price.

High Volume Stereo Shop - Retail / Repair / Wholesale Operation

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Business Description

High Volume Stereo Shop - Retail / Repair / Wholesale Operation

Please dial Extension 653 if you decide to call us at (800) 985-4939 so you are routed properly! Thanks!!

This is for the business opportunity only, RE can be purchased for stability for $1.6MM on top! Phenomenal opportunity that includes hard to win corporate and municipal contracts / accounts spread across the Inland Empire. Seller is a worker, and has been in the business for the last 25 years but has slowed down and wants to change careers and find new challenges, that's the only reason why he's selling at this time, b/c this is a cash cow including the cash transactions. Has all the lines you'd ever need, authorized dealer and service center for most of the major national household name brands a stereo shop would ever want. Average ticket is about $850-1,000 per job. 4 FT installers make about $20 per hour and 2 Salesmen make about the same. Inventory is not included in advertised sales price, and must be purchased in addition quoted asking price. NDA is required for further details on file with Ace Business Brokers.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
4,200
Lease Expiration:
8/31/2021
Employees:
6 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Building is owned by the Seller. Flexibility abounds and he can provide a NNN lease at $7,000.00 per month with 3% increases or you can buy it for $1.6MM.
Competition:
Competition is ok, but nothing too crazy. Seller has been there for 25 years and he does a lot of advertising on the web, does google/yahoo/bing advertising to keep the phones ringing and the cars coming to the facility.
Growth & Expansion:
Not much, just keep doing what he's doing and learn from the best.
Support & Training:
4 weeks 20 hours per week included with the sale.
Reason for Selling:
Other business interests.

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Rick Carlson

Business Listed By:
Rick Carlson

Ace Business Brokers

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