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Wholesale / Retail Appliance Business

Wholesale / Retail Appliance Business
Listing
1703
SOLD!
Contractors and Retail Clientele
Acquired By
Individual Buyer
MA and CT
Revenue
$5,793,000 (3-year average 2018-2020)
Cash Flow
$461,000 (3-year average 2018-2020)
Asking Price
$1,400,000
Asking price details
Includes vehicles estimated at $80,000
Sold Price
$1,400,000
Business Description

This business is an excellent opportunity to earn a steady income with growth potential. It is a solidly performing company with strong name recognition. The company is well-known for its experienced sales/delivery personnel with strong product knowledge and excellent customer service. As an independent dealer with exceptional selections of quality residential appliances that contractors, home builders and homeowners prefer, belonging to an exclusive buying group memberships leverages volume purchasing power for the best pricing. This gives this business a competitive edge against the big-box stores and large chain retailers that offer customers a limited selection of pre-selected brands. No specific license or special education is required. The business locations are leased.

Growth Expansion and Opportunities

The market is anticipated to grow over the next 5 years due to activity in the new construction and remodeling arenas. Additionally, homeowners are choosing energy-efficient appliances as well as technologically advanced products which may support higher price points. Appliance repair is a potential avenue of growth and is worth exploring. Adding an interactive website that allows online ordering would further drive sales and profits.

Support & Training

The seller will provide training and support to ensure a smooth transition

Employees
11 FT / 1 PT / Owner
Terms
It is expected that a qualified buyer can obtain an SBA 7A loan with 10% down payment for the business.
Broker

Brian Labonte

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