ebay Electronics 10,000 Parts Audio Video Security Retailer

Riverside, CA (Riverside County) (Relocatable)

ebay Electronics 10,000 Parts Audio Video Security Retailer
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Asking Price: $789,000

Cash Flow: N/A

Gross Revenue: $800,000

EBITDA: N/A

FF&E: $100,000

Inventory: $1,200,000

Real Estate: $895,000*

Established: 1956

*not included in asking price.

ebay Electronics 10,000 Parts Audio Video Security Retailer

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Business Description

Electronics Parts Online ebay Store Retailer Audio Video Security - with Real Estate.

REAL ESTATE INCLUDED WITH THIS BUSINESS SALE.

This retail store is the largest electronics retail parts warehouse in the Inland Empire! Possibly in all of southern California!!!

Not only is retail NOT dead, it's growing! As can be proven by this businesses operations.

This business has been run in a semi-absentee mode for at least the last five years and lacks direction from the owner.

Over 200 types of electronic switches, thousands of connectors, terminal ends and maybe over a million feet of wire allow customers to hook up audio systems, cars, speakers, computer networks or "darn near anything," the owner will tell you! Plus there are batteries in stock for everything including watches, razors, computers and alarms or for industrial use.

This store has become "the go to place for those hard to find electronic parts and tools in the Inland Empire for over 50 years" further says the owner.

They specialize in quality components and a very knowledgeable staff.

They also have a VERY ACTIVE "ebay retail store" packed with very hard to find electronics parts and pieces that are apparently appreciating in value. Many older parts that are very difficult to find!!! But a VERY small effort is made to sell on-line. Therefore, there is a MAJOR GROWTH POTENTIAL HERE!!!!!!!!

This outfit stocks and incredible inventory of current and older but VERY SALABLE and very had to find electronics. Walk in and you will be amazed!!!!

They stock Test Equipment, Home Surveillance Equipment, Tools, Electronic Components, Wire and Cable (Automotive/Data/Low Voltage), Automotive Terminals, Heat Shrink, Audio/Video Components and Adapters, Switches, and much, much more. Whether you're a Technician, Musician, Professional or Hobbyist, this store can probably help you find what you need!!!

The real estate MUST be sold with this business but is priced separately at $850,000.. THIS IS VERY SPECIFICALLY A BUSINESS AND REAL ESTATE COMBINED SALE ONLY:
1. Business with all inventory at 900,000
2. Real Estate at $850,000

This could be a great opportunity for any of the following:
1. Current electronics sales manager wanting the American dream of owning their own store with a 58 year successful track record
2. A top-notch electronics sales person with the funds to invest in their own business
3. An alien interested in legally immigrating to the USA by applying for something like an E2 VISA - receiving a US VISA through the purchase of a profitable US business
4. An electronics avid hobbyist interested in their own "electronics toy store!!"

Active story with new and growing customer base!!!

ALL FINANCIALS LISTED IN THIS ADVERTISEMENT ARE APPROXIMATE. ANY BUYER INQUIRING ON THIS ADVERTISEMENT ACCEPT THE TOTAL RESPONSIBILITY FOR ALL VERIFICATION AND AGREES TO NOT HOLD THIS BROKER AND ITS AGENCY HARMLESS FOR ANY ERRORS!!!

ALL FINANCIALS LISTED IN THIS ADVERTISEMENT ARE APPROXIMATE. ANY BUYER INQUIRING ON THIS ADVERTISEMENT ACCEPT THE TOTAL RESPONSIBILITY FOR ALL VERIFICATION AND AGREES TO NOT HOLD THIS BROKER AND ITS AGENCY HARMLESS FOR ANY ERRORS!!!

(ALL, ALL INFORMATION SUPPLIED IN THIS AD IS FROM THE SELLER AND MUST BE VERIFIED BY THE BUYER. FURTHER, BUYER ACCEPTS FULL RESPONSIBILITY FOR VERIFICATION OF ALL INFORMATION GIVEN IN THE ADVERTISEMENT INCLUDING, BUT NOT LIMITED TO, FINANCIAL INFORMATION AND FACILITY INFORMATION. BUYER UNDERSTANDS AND ACCEPTS THE FACT THAT ALL INFORMATION IS APPROXIMATE AND OR ESTIMATED AND THEREFORE CANNOT BE RELIED ON TO MAKE AN OFFER TO PURCHASE THIS BUSINESS AND REAL ESTATE)

Detailed Information

Location:
Riverside, CA
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
9,700
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
REAL ESTATE IS NOT INCLUDED IN THE SALE PRICE OF THIS OFFERING!!!!! Real estate consists of: Three (3) buildings a. Main retail facility b. Two (2) buildings currently used for additional retail and storage c. Single family home currently renting at about $900 per month. REAL ESTATE MUST BE PURCHASED WITH THIS BUSINESS PURCHASE.
Competition:
If you look at the offering, the extent of the parts selection, the array of products, the availability of "WALK-IN AND GET WHAT YOU NEED RIGHT NOW" there really isn't much competition. The only other "competition" I could think of would have been Radio Shack and they've classed all of their local stores.
Growth & Expansion:
In my opinion, this store would gain some additional and very profitable grounds by: 1. Give existing store manager incentive's based on performance 2. Work in the business until it functions at a much higher rate of sales and net income
Support & Training:
Seller and current staff will train the right buyer.
Reason for Selling:
Retirement
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(from currently available funds)
 
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Jerry Mandrell

Business Listed By:
Ronnie Behr

Business Advisory Services, Inc.

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