Home Appliance Retailer & Service Provider w Over 60 Years Experience
Business Description
Description:
The Company is a retailer of home appliances to homeowners, businesses, and builders. The Company provides outstanding customer service, quality products, and low prices. The Company also provides service after the sale with its in-house service department.
Key Aspects:
• Revenue and adjusted EBITDA grew at a compound annual growth rate (CAGR) of 6.9% and 7.1% from 2021 to 2024, respectively.
• Average gross profit margin of 33.2% from 2021 to 2024.
• The Company has over 70 years of operating experience, strong brand recognition in its area, and has maintained an A+ BBB rating since 1960.
• High-volume of customers served each year, receiving, on average, nearly 7,500 service calls and 7,700 delivery and installation orders.
• The Company maintains partnerships with well-known, high-quality manufacturers.
Opportunities:
• Continue to expand product offerings and develop new manufacturer relationships to attract new customers.
• Open additional stores throughout GA to expand market reach.
• Implement a recurring revenue model through annual maintenance contracts.
• Expand product offerings to include smart home appliances.
Headquartered:
• Southeast US
Current Markets:
• The Company serves homeowners, businesses, and builders.
Real Estate:
• The Company operates from a facility leased from a related party. There is room to grow in the current location.
Shareholder Ownership:
• The Company is owned by two shareholders, one of whom is active in the business. The owners are seeking exit options to pursue retirement and believe the Company is in a position where new ownership can take advantage of the growth opportunities in the market.
The Company is a retailer of home appliances to homeowners, businesses, and builders. The Company provides outstanding customer service, quality products, and low prices. The Company also provides service after the sale with its in-house service department.
Key Aspects:
• Revenue and adjusted EBITDA grew at a compound annual growth rate (CAGR) of 6.9% and 7.1% from 2021 to 2024, respectively.
• Average gross profit margin of 33.2% from 2021 to 2024.
• The Company has over 70 years of operating experience, strong brand recognition in its area, and has maintained an A+ BBB rating since 1960.
• High-volume of customers served each year, receiving, on average, nearly 7,500 service calls and 7,700 delivery and installation orders.
• The Company maintains partnerships with well-known, high-quality manufacturers.
Opportunities:
• Continue to expand product offerings and develop new manufacturer relationships to attract new customers.
• Open additional stores throughout GA to expand market reach.
• Implement a recurring revenue model through annual maintenance contracts.
• Expand product offerings to include smart home appliances.
Headquartered:
• Southeast US
Current Markets:
• The Company serves homeowners, businesses, and builders.
Real Estate:
• The Company operates from a facility leased from a related party. There is room to grow in the current location.
Shareholder Ownership:
• The Company is owned by two shareholders, one of whom is active in the business. The owners are seeking exit options to pursue retirement and believe the Company is in a position where new ownership can take advantage of the growth opportunities in the market.
Listing Info
- ID
- 2363727
- Listing Views
- 196
Attached DocumentsAttachment Disclaimer
Teaser_V5_BM009820_Home_Appliance_Retailer_and_Service_Provider_with_Over_60_Years_of_Experience.pdf
Listing ID: 2363727 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
