Business Overview

The first franchise company of its kind, we target the high demand appliance repair industry. We specialize in the service and repair of all brands of major household appliances. Leaning toward the higher end, upscale home appliances, we operate in this 2.7 billion dollar industry. We bring the professionalism back with well-trained service professionals. Franchisees have assistance to enter the light commercial service arena as well. A franchise can start from the home and then work into a small mixed-use office/warehouse location as the business grows in size and employees. The support from the World Headquarters includes on-going support by way of Franchise Systems Managers that will visit franchisee locations to help both office and field personnel with continual polishing of their relationship building and business skill sets.

Financial

  • Asking Price: $200,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2004

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Established Franchise:

This Business Is An Established Franchise

Additional Info

The venture was founded in 2004, making the business 18 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons people decide to sell operating businesses. Nevertheless, the real factor and the one they say to you may be 2 entirely different things. For instance, they might say "I have too many various responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may simply be reasons to try to hide the reality of transforming demographics, increased competition, current reduction in incomes, or an array of various other reasons. This is why it is really essential that you not depend entirely on a vendor's word, but rather, make use of the seller's solution in conjunction with your overall due diligence. This will repaint a more practical image of the business's present circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many businesses finance loans so as to cover things such as inventory, payroll, accounts payable, so on and so forth. Remember that occasionally this can indicate that earnings margins are too small. Lots of companies fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that have to be satisfied or may result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area attract new consumers? Many times, operating businesses have repeat clients, which form the core of their day-to-day profits. Particular elements such as brand-new competitors growing up around the area, roadway building and construction, as well as employee turnover can impact repeat clients and also negatively impact future profits. One essential point to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the better the possibility to construct a returning consumer base. A final idea is the general location demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? Exactly how might the neighborhood median household earnings influence future earnings potential?