~ Providing sales and service for 46 years in Northern Virginia ~
Asking Price: $740,000 Gross Revenue: $5,387,923Cash Flow: $309,028 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $492,347 included in asking priceFF&E: $75,001 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.
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
Number of Employees:
Building Sq. Ft.:
$160,144,148.00 Per Month
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.
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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