3 Store Hearing Aid Chain - Great Location - Ready for Growth

Dekalb County, GA

Seller Financing Available
3 Store Hearing Aid Chain - Great Location - Ready for Growth
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Asking Price: $250,000

Cash Flow: $80,156

Gross Revenue: $806,159

EBITDA: N/A

FF&E: $40,000

Inventory: $5,000

Rent: $3,800 /Month

Established: 2001

3 Store Hearing Aid Chain - Great Location - Ready for Growth

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Business Description

BUSINESS ACTIVITY: The Franchisor is a 68 year old health service company that operates a retail franchise network of more than 1,300 locations across the United States. Asa franchisee, you will enjoy the number one most recognized brand name product in the hearing aid market and a Franchisor that is ranked number 1 in the Health Services Industry.

MARKETING STRATEGY: The Franchise agreement requires each franchisee to spend at least 10% of gross revenues on advertising. The primary advertising media buys are direct mail, local newspapers and internet advertising. Approximately 35% to 40% of the stores revenues in any given year are from past customers.

DAYS AND HOURS: Monday through Friday hours are 9:00 am to 5:00 pm.

EMPLOYEES: 5

TERMS: Purchase price of $250,000. This is a SBA transaction with Buyer’s cash infusion of $37,500 (15% down payment) and Commercial Lending of $212,500. The term of the SBA loan is for 10 years at an interest rate of 7.25% with payments of $2,494 per month. A franchise fee (to Miracle-Ear) of $20,000 is required at closing.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
N/A
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This is a three store opportunity and the stores are turnkey.
Financing:
Depending on the offer Seller may consider some level of financing
Support & Training:
Owners have a total of 7 stores and will offer training after the sale. The Franchisor offers outstanding training for owners and staff.
Reason for Selling:
Owners would like to reinvest the proceeds back into thier exisiting business
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Contact the Seller

(from currently available funds)
 
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Brent Freeman

Business Listed By:
Brent Freeman

The CBB Group

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Sponsoring Broker:
Bill Billingsley

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