37641-Great Opportunity in Appliance Superstore

CA

Seller Financing Available
37641-Great Opportunity in Appliance Superstore
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Asking Price: $790,000

Cash Flow: $65,000

Gross Revenue: $1,958,690

EBITDA: $29,281

FF&E: $190,000

Inventory: $522,685

Established: 1984

37641-Great Opportunity in Appliance Superstore

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Business Description

Retail conglomerate from Northern California specializes in the design, financing and competitive sale of luxury kitchen, laundry, vacuums, and other indoor home and outdoor cooking appliances. Their broad range of quality products include wine refrigerators, freezers, ice makers, stoves, wall ovens, microwaves, disposers, stackable washers, pedestals and dryers. A proven track record of over 50 years, they have proudly serviced the needs of homeowners, builders and architects for both residential and commercial remodeling applications. Operating out of a leased facility, the 10,000 square foot location with office space features 4,500 sq. ft. of showroom and storage area for tools, equipment and consistent floorplan inventory. Marketing efforts focus on targeting individuals within the region through social media, direct mail and referrals from repeat customers. Seller believes that its personnel with industry experience and solid reputation represent substantial growth opportunities for strategic buyer with an access to management. Company’s total income for 2018 was of $1,958,690 with Seller’s Discretionary Earnings of a rounded $65,000, while also projecting $2,300,000 in gross revenue for 2019. Based on an independent valuation!

Detailed Information

Inventory:
Included in asking price
Employees:
5 nonunion
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Negotiable for the right buyer
Support & Training:
From 3 to 6 months.
Reason for Selling:
Approaching retirement
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IAG Buyer Division

Business Listed By:
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IAG

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