Business Overview

Our franchise system is North America’s leading home and commercial appliance repair franchise system. Established in 1996, our franchises provide full-service home appliance repair and light commercial appliance repair services. We have more than 290 locations throughout the United States and Canada and are consistently ranked among the top home service franchises by Entrepreneur magazine and other industry experts.

Financial

  • Asking Price: $325,000
  • Cash Flow: N/A
  • Gross Revenue: $530,400
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Established Franchise:

This Business Is An Established Franchise

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals decide to sell businesses. However, the true factor and the one they say to you may be 2 absolutely different things. For instance, they might claim "I have too many other commitments" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these may just be reasons to attempt to conceal the reality of changing demographics, increased competition, recent reduction in incomes, or a variety of other factors. This is why it is really vital that you not depend absolutely on a vendor's word, but instead, make use of the seller's response along with your total due diligence. This will paint a more reasonable picture of the business's present situation.

Existing Debts and Future Obligations

If the current company is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Many companies borrow money so as to cover items like supplies, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can suggest that revenue margins are too small. Many companies come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that should be satisfied or may result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location attract new consumers? Most times, businesses have repeat clients, which develop the core of their day-to-day profits. Certain elements such as brand-new competition sprouting up around the location, roadway building, as well as employee turnover can impact repeat customers and negatively influence future incomes. One vital thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Certainly, the more individuals that see the business on a regular basis, the higher the chance to construct a returning consumer base. A last thought is the basic area demographics. Is the business placed in a densely inhabited city, or is it located on the edge of town? Just how might the regional mean house income effect future income prospects?