High-end Audio and Home Theatre Sales and Installations

Salt Lake County, UT

Seller Financing Available
High-end Audio and Home Theatre Sales and Installations
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Asking Price: $499,000

Cash Flow: $166,514

Gross Revenue: $725,960

EBITDA: N/A

FF&E: $385,000

Inventory: $98,702

Rent: $2,050 /Month

Established: 2004

High-end Audio and Home Theatre Sales and Installations

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Business Description

GREAT Niche Business with Outstanding Cash Flow, Management and Client Base!

This business sells and installs high-end brands of 2-channel audio and home theater components to provide an immersive music experience. Home Theater has long been the buzzword in this industry, but 2-channel stereo music can still inspire and amaze. This business provides a unique experience to their customers’ homes at any budget. Product lines are carefully selected in order to provide the best quality components at the best value.

NOTE: THIS BUSINESS HAS BEEN PRE-QUALIFIED FOR AN SBA LOAN FOR A QUALIFIED BUYER.

Detailed Information

Location:
Salt Lake County, UT
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
N/A
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The current owner purchased the business in early 2016 and has built it up to its current sales level by implementing improved processes, strong internal management, expense management, and effective staff training. The business has been open since 2004, and the current staff has extensive experience in the audio/visual industry. During 2017, the current owner increased efficiencies and significantly streamlined operations by moving to a smaller, less-expensive location, reducing full-time staff, and concentrating on the core client base for revenue growth and increased profitability through repeat business.
Competition:
This business has the competitive advantage of being the sole distributor in Utah for several high-end audio brands, with an established customer base that is frequently looking to update and expand their home theater/audio installations, as well as their commitment and expertise in fine stereo systems. There are five other similar businesses within a 40-mile radius.
Growth & Expansion:
To be successful and grow the business, the new owner will need to expand on current marketing efforts, which currently consist of Google PPC and SEO, to capture new clients as well as leverage the current network of over 700 multiple-repeat clients. The new owner can drive additional growth by expanding marketing efforts to raise brand awareness, adding additional product lines, working to obtain several more exclusive contracts with builders and providing services in related areas such as home automation.
Financing:
174000.00
Support & Training:
2 weeks
Reason for Selling:
other ventures
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Arthur Warsoff

Business Listed By:
Arthur Warsoff

Transworld Business Advisors of Utah County

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