* Established, Profitable Appliance Business *

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47-year Established, Profitable Appliance Business - Sales $5mil+ Past Five Year
Asking Price:
$740,000

Gross Revenue:
$5,387,923
Cash Flow:
$309,028
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$492,347
included in asking price

FF&E:
$75,001
included in asking price

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Business Description

This appliance business runs like a well-oiled machine, selling and servicing household appliances from its two showrooms and warehouse after having established a standard of excellence in the northern Virginia area for 20 years. This business has sustained positive annual growth by continuing to be the dominant consumer appliance company in the region. It has a broad reputation and is considered a one stop shop for consumer appliance needs. Being located in Loudoun county and adjacent to Fairfax county it reaps the benefits of the demographics of these two counties that have some of the highest per capita incomes and growth rates in the nation.

About the Business

Year Established:
1972
Number of Employees:
21
Real Estate:
Leased
Building Sq. Ft.:
8,381
Rent:
$160,144,148.00 Per Month
Lease Expiration:
6/30/2020
Facilities:
This business has three locations: two showrooms and one warehouse. The showrooms are designed to highlight the depth and breadth of products offered. Each has ample parking and are located with visibility to the high traffic area and adjacent roads. The Sterling showroom is 2906 sq. ft. with rent of $9687/mth. The Leesburg showroom is 1995 sq. ft. with rent of $4127/mth and the Sterling warehouse is 3480 sq. ft. with rent of $5275/mth.
Market Outlook/
Competition:
The economy locally and nationally remains strong. Reflecting this, AHAM, The Association of Home Appliance Manufacturers, indicates an increase in appliance sales of 3.5% for 2017. In addition growth is anticipated with consumers' move to smart-home appliances for increased energy efficiency and convenience. Locally, with the exit of a major competitor and the gradual decline of Sears, the business has excellent opportunity to gain sales and expand its customer base.
Growth & Expansion:
From the same period ending April 2018 over April 2017, the business experienced sales growth of 4%. At the same time total expenses declined. With enhanced margins this allowed profits to increase substantially over the same period. The contribution of digital advertising and promotion funding assists in increasing sales. Adding and training an additional service technician increased sales from the service department and positioned them to be more proactive in service needs and contracts.
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About the Sale

Reason For Selling:
After a long, successful career the owners are ready to pursue other interests.
Training/Support:
Current ownership will train the new owners for two weeks at no cost.

Listing Info

ID:
1557270
Ad Detail Views:
266

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Business Listed by

Fred Walker

Murphy Business & Financial VA

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U.S. Census Data for Loudoun County, VA
Age

Gender

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 Loudoun County, VA
Income

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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