High-end Audio and Home Theatre Sales and Installations

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Asking Price:
$525,000

Gross Revenue:
$725,960
Cash Flow:
$176,114
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$98,702
included in asking price

FF&E:
$385,000
included in asking price

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Business Description

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

Year Established:
2004
Number of Employees:
2
Real Estate:
Leased
Building Sq. Ft.:
3,000
Rent:
$2,050.00 Per Month
Facilities:
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.
Market Outlook/
Competition:
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.
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About the Sale

Reason For Selling:
other ventures
Training/Support:
2 weeks
Seller Financing:
200000.00

Listing Info

ID:
1442301
Ad Detail Views:
855

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Business Listed by

Arthur Warsoff

Transworld Business Advisors of Utah County
License# 9567324-SA00

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U.S. Census Data for Salt Lake County, UT
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Salt Lake County, UT
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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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