Asking Price: $380,000 Gross Revenue: Not DisclosedCash Flow: Not DisclosedEBITDA: $150,000Inventory: $150,000 included in asking priceFF&E: $12,000 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.
Well known established appliances and furniture store located in the Greater Jacksonville area of a busy shopping mall.
This retail space is strategically located near interstate 295 off a high traffic main road.
The business has been so successful that the owner has been able to expand from exclusively selling appliances to also providing repair and maintenance services, as well as selling brand new furniture, including outdoor and patio furniture.
Adjacent space of almost 2,000 sq. ft. next to the storefront (over 3,000 sq. ft.) is for repair and maintenance services.
Business also supplies as a wholesaler being so profitable at this that there is one major (current and transferable) supplier contract that has the owner earning between $15,000 to $30,000 monthly. The owner has chosen to use it as residual income separately from the retail business earnings.
Hundreds of thousands of dollars of inventory already included in the asking price as well as equipment including a total of two (2) moving trucks.
Financing is available.
Owner is willing to provide seller's incentive to buyers agent as well.
About the Business
Number of Employees:
Building Sq. Ft.:
$6,000.00 Per Month
Store front on a main street location with 5,500 sq ft of retail space and repair shop next door.
No close competition
Growth & Expansion:
Owner has several established contracts as a supplier in addition to the retail sales.
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 & Conditions.