Great Opportunity in Appliance Superstore! (37641)

Financial & Assets Details

About the Business

Business Description

Retail conglomerate from Northern California specializes in the design, financing and competitive sale of luxury kitchen, laundry, vacuums, and other indoor home and outdoor cooking appliances. Their broad range of quality products include wine refrigerators, freezers, ice makers, stoves, wall ovens, microwaves, disposers, stackable washers, pedestals and dryers. A proven track record of over 50 years, they have proudly serviced the needs of homeowners, builders and architects for both residential and commercial remodeling applications. Operating out of a leased facility, the 10,000 square foot location with office space features 4,500 sq. ft. of showroom and storage area for tools, equipment and consistent floorplan inventory. Marketing efforts focus on targeting individuals within the region through social media, direct mail and referrals from repeat customers. Seller believes that its personnel with industry experience and solid reputation represent substantial growth opportunities for strategic buyer with an access to management. Company’s Total Income for 2020 was of $2,273,532 with Seller’s Discretionary Earnings of $126,661, while also projecting higher gross revenues for 2021. Based on an independent valuation!

Seller Financing

Financing can be negotiable for the appropriate buyer.

Support & Training

Owner Transition period from 3 to 6 months.

Reason for Selling:

Approaching retirement.