Asking Price: $525,000 Gross Revenue: $725,960Cash Flow: $176,114 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $98,702 included in asking priceFF&E: $385,000 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 business sells and installs high quality audio and home theater components to provide an immersive music experience. “Home Theater” has long been the buzzword in this industry, but 2-channel stereo music can still inspire and amaze. This business provides a high-end experience to their customers’ homes at any budget. Product lines are carefully selected in order to provide the best quality components at the best value.
NOTE: THIS BUSINESS HAS BEEN PRE-QUALIFIED FOR AN SBA LOAN FOR A QUALIFIED BUYER.
About the Business
Number of Employees:
Building Sq. Ft.:
$2,050.00 Per Month
The current owner purchased the business in early 2016 and has built it up to its current sales level by implementing improved processes and effective employee training. The business has been open since 2004, and the current staff has collective experience in the audio/visual industry of over 25 years. During 2017, the current owner increased efficiencies and significantly improved profitability by moving to a smaller, less-expensive location, reducing full-time staff from eight to two, and concentrating on the core client base for sales and revenue growth.
This business has the competitive advantage of being the sole distributor in Utah for several high-end audio brands, with an established customer base that is frequently looking to update and expand their home theater/audio installations, as well as their commitment and expertise in fine stereo systems. There are five other similar businesses within a 40-mile radius.
Growth & Expansion:
To be successful and grow the business, the new owner will need to increase sales efforts to capture new clients as well as leverage the current network of over 700 multiple-repeat clients. The new owner would drive additional growth by more directly overseeing operations, working to obtain several more contracts with builders, and motivating hard working employees.
High-end Audio and Home Theatre Sales and Installations
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the seller or a business broker representing the seller. BizQuest has no interest
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