Home Appliance & Installation

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Asking Price:
$325,000

Gross Revenue:
$963,602
Cash Flow:
$77,159
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$129,181
included in asking price

FF&E:
$210,993
included in asking price

Real Estate:
 Not Disclosed

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Business Description

One-stop-shop for all home appliances and installation! With nearly $1MM in sales and over $500,000 in assets, this shop offers comprehensive retail and service offerings. Established in 1929, this business has a retail location that sells all major home appliances and parts in addition to on-site repair. They also sell, install, and service plumbing, electrical, HVAC, water heaters, water filtration and more.
Currently, the largest sales are in HVAC installation and home appliance retail sales. Five full-time staff with a crew of licensed HVAC technicians, electricians, and plumbers add value to this operation for installation and service contracts in a 35-mile radius of their location. The owner is willing to assist with a 90-day transition period and would be willing to consider further employment to aid in the transition.
The $1,824/month lease includes 2 buildings: a 2,000 sq. ft. showroom, 1,600 sq. ft. service/parts, 2,000 sq. ft showroom with. second-floor storage, and a separate 4,000 sq. ft. warehouse. The installation and service team have an entire fleet of specialized vehicles. The business is currently completely collateralized

About the Business

Year Established:
1929
Number of Employees:
7
Facilities:
Lease: $1,824/mo. Building 1: 2,000 sq. ft. showroom, 1,600 sq. ft. service/parts, 2,000 sq. ft. 2nd-floor storage; Building 2: 4,000 sq. ft. warehouse
Growth & Expansion:
Growth Opportunities: Open Sunday for retail
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About the Sale

Reason For Selling:
Divestment
Training/Support:
3-6 months
Seller Financing:
10%

Listing Info

ID:
1568601
Ad Detail Views:
54

Attached Files Attachment Disclaimer

  b. Summary - RET058.docx (34 KB)
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U.S. Census Data for Johnson County, IA
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Johnson County, IA
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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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