Phone: (301) 215-9288
Price: $699,000
Location: Anne Arundel County, MD
Industry: Retail , Repair and Service
Listing ID: MONTGMD006-N432
This company provides appliance sales and services for decades, they have served thousands of loyal customers. They have an excellent customer service and referral has been a great source of new customers. Professional, loyal, and well-trained employees have been with the company for long period of time, and employee turnover is almost none. They carry popular brand appliances and have been approved by Manufacturers for sales, installation, and repairs. They receive good number of service referrals from manufacturers for installation, services, and covering their warranty. Unlike large appliance stores this business provides in house installation and service, and for this reason customers have more confidence to buy or service their appliances from this successful company.
Listing Details
Revenue: $2,005,000
Cash Flow: $208,000
EBITDA: $188,000
FFE: $53,500 (Included in Price)
Inventory: $186,000 (Included in Price)
Real Estate: (Not Included in Price)
Seller Financing: Available
Reason For Sale:
Owner would like to enjoy his retirement.
Training & Support:
Owner is willing to provide two weeks of training during transition period. Additional support could be negotiated with term accepted to both parties.
Operation
Year Established: 1977
Days & Hours of Operation: Monday-Friday 8:00am-6:00pm, Saturday 8:00am-4:00pm
Employees: 11
Location
Security on Lease: 1200
Lease Option: Could be negotiated with Landlord
Monthly Rent: 8600
Square Footage: 3180
Facilities Information:
The business is conducted from a retail space with free parking.
Summary
Competition:
- This company has popularity and reputation for high quality service. They treat their customers with respect and honesty. For these reasons they stand above any competition.
Potential Growth:
- The management have not adapted utilized software applications for customer database, inventory and order, billing and etc. Also, they have used old fashion marketing. New owner may grow this company to new level by adopting advance applications, and more efficient and advanced marketing and promotions.
Financing/Terms:
Owner may negotiate partial financing to qualified Buyer.
(Mike) Majid Zarinbaksh, MBA, CBI, M&AMI
majid@sunbeltnetwork.com
(301) 215-9288
Address:
7735 Old Georgetown Rd., Suite 910
Bethesda, MD 20814