Profitable Appliance Repair Company since 1958

North Hollywood, CA (Los Angeles County) (Relocatable)

Seller Financing Available
Profitable Appliance Repair Company since 1958
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Asking Price: $425,650

Cash Flow: $220,450

Gross Revenue: $489,653

EBITDA: N/A

FF&E: $5,000

Inventory: $100,000*

Rent: $8,280 /Month

Established: 1958

*not included in asking price.

Profitable Appliance Repair Company since 1958

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Business Description

Very Motivated Seller!!! Great opportunity to invest and operate well established [founded in 1958] and profitable Small Alliance Repair Company located in the San Fernando Valley area of Los Angeles County. Stoves, Fridges, Microwaves, Trash Compactors. Complete service, repair and installation. At the present time there 3 technicians, a few years ago 6 technicians were employed. Although there are plenty of jobs for more techs, seller chose that he is comfortable with 3 at this time. Averages 20-25 jobs a day. Closed on weekends – opportunity knocks! Company was established in 1958 and had 2 owners so far. Under second owner since 1990. Well established relationships with over 60 Real Estate Management Companies. Authorized Whirlpool Repair Facility. Price includes 3 trucks with parts and tools. Services area is from Downtown to Santa Monica, 118 to Culver City. W2 employees. In addition to service and repairs, this company sells new and used appliances that greatly contribute to cash flow. The value of used appliances available for sale and parts is over 100K and included in price. Annual sale is steady in 500-600K range and seller’s cash flow on the books is around 200K including addbacks and owner’s compensation. We are looking for a buyer who knows the appliance repair business. Sellers may consider staying and training buyers on consulting basis for a reasonable amount of time. Great location, good lease terms, 12,000 square feet area. Buyer may choose to relocate to smaller space if needed. Well trained employees allow owner/seller to take time off without any limitations in the business flow.

Please call Alex Levitan – Pacific Business Brokers 818.640.8080, for more information.

Please note that financial statements will be presented to potential buyers only upon verification of liquid funds. Seller may consider carrying papers with substantial down payment and sufficient and verifiable collateral located in the United States.

Detailed Information

Location:
North Hollywood, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
12,000
Lease Expiration:
7/16/2025
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Seller may finance to well qualified buyer
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(from currently available funds)
 
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Alex Levitan

Business Listed By:
Alex Levitan

Pacific Business Advisors

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Sponsoring Broker:
Fred Mercuro

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