Appliance Service and Sales

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: (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

[email protected]
(301) 215-9288
Address:
7735 Old Georgetown Rd., Suite 910 Bethesda, MD 20814

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