Entertainment Audio, Video and IT Services! (17661)
RetailFor Sale in AZ
Financial & Assets Details
About the Business
Servicing the greater Phoenix area, this company offers home automations, home theater systems, and security and surveillance systems for commercial and residential clients. Offering reputable name brands, their wide product and service range includes televisions, audio solutions, and distributed audio and video, as well as lighting, low voltage wiring, and central vacuum systems. A good opportunity is presented for a buyer with an interest in electronics and a history in construction who will understand bidding, as future gross sale projections show about 15% - 18% growth (a $1.25M - 1.3M total!) Despite the Covid, the Company has revenues of $1MM for the first 8 months of 2020 and is projecting FYE 2021 revenues to be $1.4MM with SDE of $250K. Total Revenues for 2020 recorded $1,277,174 alongside Discretionary Earnings of $222,379 and EBIDTA amounts reaching $180,632, based on an independent evaluation! The retail-based location of 2,600 square feet features ample parking lot and is industrially zoned to handle extra capacity, property is found in excellent condition and holds a yearly renewable lease. Thanks to a skilled team of eight experienced nonunion employees, company is ready to continue operations as the seller agrees to remain for a helpful transition period as needed. Besides maintaining a website, some printed ads and a social media presence as self-promotion, marketing efforts focus mainly on an effective referral source system backed by their large and recurring customer base.
Financing can be negotiable for the appropriate buyer.
Support & Training
Helpful Owner Transition period as needed.
Reason for Selling:
Approaching retirement and/or pursuing other interests.