Asking Price: Not Disclosed Gross Revenue: $3,475,593Cash Flow: $152,940 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $400,000 not included in asking priceFF&E: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
The company was founded in 1988 and they are currently operating six retail and service stores in North Carolina. The stores offer complete computer solutions by providing computer systems, hardware parts, and related upgrade and repair services. They build customized machines designed for any need, from basic computers and gaming systems to powerful workstations and servers. They are also a reseller of major brands for those customers who have specific requirements. They stock a wide variety of computer parts from accessories, adapters and cables to motherboards, processors and drives. They repair and upgrade all computer brands. They cater mostly to consumers, enthusiasts and small businesses; however, they do have a fair number of academic, government and corporate customers.
The company attributes its successes to offering quality products combined with excellent customer service, knowledgeable staff and reasonable pricing. They have a solid reputation and over the years they have received many awards recognizing our achievements, including the National Technology Fast 500 (Deloitte & Touche), both the Pinnacle Business and the Triangle Future 30 awards (Raleigh Chamber of Commerce), and the NC Tech 50 (Triangle Business Journal & KPMG).
About the Business
Number of Employees:
Building Sq. Ft.:
There are very few competitors that can do the custom system work they have done for decades.
Growth & Expansion:
Marketing is the key along with the willingness of the decision makers, whomever they may be, to understand that you need to spend marketing money to make more money. They must be committed to it and intent on doing it smartly. It has to start with Internet search engines, social media, the website and connecting them all together. This has to be dynamic and active. It would be best to have it done professionally by contracting part or most of it out. They need to become number one in local searches on all browsing engines for both general searches and sponsored ones. They need an active and busy Facebook page trying back to their website. They never used Twitter and that may have to change. A second less pressing step is to consider a makeover for the stores that ties into what is done online, a common new theme/look that projects a new image. It is not enough for customers to walk into a ‘no-frills just-get-it-done’ computer store. There must be a lasting first impression pushing all types of customers to commit to their stores, repeat their visit and spread the word. When all this is done, a consideration must be given to other targeted local advertising mediums (i.e. Cable TV, Radio).
New owners may bring in their own ideas along with new services and products. Possibly a new approach to handling customers, new offerings and sources of revenue. If the new owners are in the same business, the entire management and administrative group can be excluded and that is an immediate savings of close to $200K, making the company more profitable right off the bat. Nevertheless, whether it is a company expanding into our area or it is a group of individuals wanting to get into this business, they feel effective and modern marketing should be the first consideration.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.