Business Overview

Established and profitable appliance sales and service business with a sales mix consisting of new products, parts and service. The business sells top quality major brand products. The business is located in a populated Southern NH area with above average median income. Although sales were impacted in 2020 as customers were reluctant to have delivery and service people in their homes, 2021 has returned to pre-Covid levels with sales over $600,000 and discretionary earning to the owner of $113,874. 2022 is already ahead of last year and the growth trend is expected to continue throughout the year.

This is a great opportunity for an individual or partners to take on an existing successful business. This could also be a good fit for another appliance business or a business that is selling to a similar customer base such as vacuum sales and service business or kitchen and bath business to expand their offerings. Others that might consider buying this business are individuals with gas, plumbing or electrical service skills.

The business consisting of $45,000 worth of furniture, fixtures, equipment and one service vehicle, good will, non-compete agreement, training during transition to a new owner, introduction to vendors, suppliers and the buying group and long-term lease are available at an offering price of $195,000 plus, the cost of the inventory and supplies. The approximate value of the inventory and supplies is $35,000.

Financial

  • Asking Price: $195,000
  • Cash Flow: $113,874
  • Gross Revenue: $603,350
  • EBITDA: N/A
  • FF&E: $45,000
  • Inventory: $35,000
  • Inventory Included: N/A
  • Established: N/A
Is Support & Training Included:

Support and training during the transition is available.

Purpose For Selling:

Retirement

Additional Info

The deal won't include inventory valued at $35,000*, which ins't included in the asking price.

The property is leased by the business for $0.00

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people resolve to sell operating businesses. Nonetheless, the genuine reason vs the one they tell you might be 2 completely different things. For instance, they might say "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might simply be excuses to attempt to conceal the reality of changing demographics, increased competition, current reduction in revenues, or a variety of other factors. This is why it is extremely crucial that you not depend entirely on a vendor's word, however instead, make use of the vendor's answer along with your total due diligence. This will repaint an extra realistic image of the business's present scenario.

Existing Debts and Future Obligations

If the current company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Many companies borrow money with the purpose of covering items like inventory, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that profit margins are too tight. Numerous companies fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that have to be met or might cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location draw in brand-new clients? Many times, businesses have repeat clients, which form the core of their day-to-day revenues. Particular variables such as brand-new competitors sprouting up around the location, roadway construction, and also personnel turnover can influence repeat clients as well as adversely affect future earnings. One vital thing to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business regularly, the higher the opportunity to construct a returning customer base. A final idea is the basic location demographics. Is the business located in a largely populated city, or is it situated on the edge of town? Exactly how might the local mean house earnings effect future revenue prospects?