Appliance, Furniture, and Mattress and Bedding Sales and Service

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Asking Price:
$350,000

Gross Revenue:
$1,650,000
Cash Flow:
 Not Disclosed
EBITDA:
$96,000
Inventory:
$66,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

The Company sells and services a complete range of furniture and appliances from many leading manufacturers including Amana, Fridgidaire, Electrolux, Maytag, KitchenAid, Simmons, Whirlpool, Serta, Ashley, and more. The Company began by selling rebuilt and salvaged appliances. The Company quickly grew and added leading furniture, appliance, and bedding manufactures to its product line-up. In addition, the Company services all products sold.

The Company’s sales staff is highly-motivated, knowledgeable, and friendly. Sales representatives are paid a monthly commission that is structured off of total store sales. With each sales representative receiving a percentage of total monthly sales, a friendly, customer-oriented mindset is fostered.

The Company engages in a multi-faceted marketing program that includes techniques such as daily, local newspaper display advertisements; cable TV commercials featuring the owner; radio advertisements to promote special events, financing, or sales; flyers; Community involvement; an informational Website; and a Facebook page.

About the Business

Location:
Palestine, Texas
Year Established:
1994
Number of Employees:
11
Facilities:
The facility is leased from the President at an approximate fair market rate. The facility is comprised of a 4,000 square foot showroom, 1,100 square feet of office space, 2,460 feet dedicated to the scratch and dent products, and two warehouses with approximately 7,770 square feet and 1,650 square feet.
Market Outlook/
Competition:
Strong Net Working Capital: The Company demonstrated strong working capital with unadjusted current assets totaling $256,000 and current liabilities totaling $145,000 as of 6/30/2018.
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About the Sale

Reason For Selling:
Seeking Investment Partner
Training/Support:
The active shareholder is willing to stay with the Company during a transition period in order to ensure a seamless transfer of ownership.
Cash Flow Comments:
EBITDA: $200,000

Listing Info

ID:
1265709
Ad Detail Views:
411

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$
months
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Business Listed by

Bob Baumgartner

Generational Equity, LLC

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Sponsoring Broker:

Lisa Lippe
Generational Equity, LLC

U.S. Census Data for Anderson County, TX
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Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Anderson County, TX
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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