| Asking Price: | $799,000 | Inventory: | $300,000 ** |
| Gross Revenue: | $4,100,000 | Real Estate: | n/a |
| Cash Flow: | $340,000 (comments below) | FF&E: | $170,000 ** |
| ++ included in the asking price ** not included in the asking price | |||
| Cash Flow Comments: Seller Discretionary Cash Flow | |||
However, the owner is ready to retire after all these years in the trade and is seriously motivated to make it a successful transition for a buyer. The buyer will not only have an excellent team and location in place but more importantly, an excellent client basis. The store focuses on high end appliances with some electronics. Due to its affiliation with one of the largest buying groups, the store is highly cost competitive versus large box stores. A sophisticated, proven marketing campaign continues to deliver results, and ’09 sales are expected to be at ’08 levels.
The purchase price of $799k (plus $300k for inventory) includes $340K in rolling A/P and debt somewhat offset by A/R, thus, a buyer needs to layout only approx $300k in own cash (the business has been pre-approved by SBA lending sources for $400k financing.)
The average annual SD Cash Flow of $300,000+ over the past three years will allow a buyer to recoup his initial cash down payment within a year. The after-debt / after acquisition cash flow will be $230,000 to the new owner, and represents a 90%+ return on cash down. *** ALL DATA BASED ON SIGNED TAX RETURNS ***
KEYWORDS: With competing appliance retailers experiencing over 30% sales drops, this company has shown that it can easily absorb the worst recession of the past fifty years. A very motivated and trained team not only maintains but also expands its customer base in these times, all along allowing the owner to take a three month absence in Florida each spring. However, the owner is ready to retire after all these years in the trade and is seriously motivated to make it a successful transition for a buyer. The buyer will not only have an excellent team and location in place but more importantly, an excellent client basis. The store focuses on high end appliances with some electronics. Due to its affiliation with one of the largest buying groups, the store is highly cost competitive versus large box stores. A sophisticated, proven marketing campaign continues to deliver results, and ’09 sales are expected to be at ’08 levels. The purchase price of $799k (plus $300k for inventory) includes $340K in rolling A/P and debt somewhat offset by A/R, thus, a buyer needs to layout only approx $300k in own cash (the business has been pre-approved by SBA lending sources for $400k financing.) The average annual SD Cash Flow of $300,000+ over the past three years will allow a buyer to recoup his initial cash down payment within a year. The after-debt / after acquisition cash flow will be $230,000 to the new owner, and represents a 90%+ return on cash down. *** ALL DATA BASED ON SIGNED TAX RETURNS ***
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