Thriving Appliance Sales and Service Business - SBA Preapproved!!

Rochelle, IL (Ogle County)

Thriving Appliance Sales and Service Business - SBA Preapproved!!
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Asking Price: $175,000

Cash Flow: $130,000

Gross Revenue: $405,000

EBITDA: N/A

FF&E: $40,000

Inventory: $30,000

Established: 1971

Thriving Appliance Sales and Service Business - SBA Preapproved!!

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Business Description

WELL-ESTABLISHED, 6 FIGURE INCOME!! GREAT PRICE, WILL GO QUICK!!

Selling price includes approk $30k worth of new inventory!

This appliance sales and service is a family owned business, that has been around for 47 years. Currently owned by the son of the founder, and he is looking to retire. Consistent and profitable sales make this business a strong entity of the community and surrounding areas. Large showroom, on a busy road. Factory source for warranty work or repairs to Whirlpool, Maytag, Amana, Crosley, Jenn-Air, Kitchen Aid.

General mechanical abilities are a plus, but appliance repair experience not necessary. A new owner or technician could be trained in about 3 months of working with the current owner.

Full time office manager handles retail sales, as well as service scheduling and billing. She is willing to stay onboard with the new owner.

The seller is willing to finance the real estate with no money down, on a full price offer for the business. Real estate includes the showroom, and above it are (3) 2 bed, 1 bath apartments as well as an 1800 sq ft owners suite. Also a 3 bay garage could provide additional income if leased out.

Detailed Information

Location:
Rochelle, IL
Inventory:
Included in asking price
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3000 sq ft showroom, and space for in house repairs
Competition:
Currently holds strong market share for the brands they sell and service. Could be expanded by accepting other brands for service. That work is currently turned down.
Growth & Expansion:
No internet or social marketing is done. This could greatly draw interest to the business.
Support & Training:
Willing to stay on to ensure smooth transition
Reason for Selling:
Retirement
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Contact the Seller

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Dana Jennings

Business Listed By:
Dana Jennings

BBDC

Show Phone Number

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.


Sponsoring Broker:
Toby Barker

Listing Statistics

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Demographic Information

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