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Listing ID: 2730551

Residential Appliance Dealer & Repair Services For Sale

Johnson, Iowa, United States

$ 1,075,000

(Furniture / Fixtures and Inventory / Stock included)

Revenue: $ 2,351,269

Cash Flow: $ 407,816

Business Description

Serving Johnson County Iowa for 65+ years, this residential appliance dealer also offers repair services within a 25-mile radius of its 5,000-sq. ft. showroom. Geared toward retail customers, who comprise 75% of sales, nearly 80% of walk-ins seek out new appliances for remodels. The remaining 25% of sales come from local contractors.

On staff are 10 full-time employees, 3 of whom handle all service calls. Service employees drive company trucks, and spend 95% of their time on the road. Delivery and installation is carried out by 3 full-time delivery men. Additionally, there are 3 in Sales working the showroom and assisting customers. While both owners are engaged in the day-to-day operations, 1 efficient person could handle both of their duties. Please note that neither owner does any labor or servicing.

Only $72,000 of inventory is generally kept as product orders have a 48-hour turnaround time, with orders placed 2 times per week. The company does keep apartment-grade appliances in stock as there is a large demand for it in the area.

Growth exists in offering leasing and rent-to-own, as well as expanding the used inventory offerings. A buyer should also consider carrying more brands to increase product options. Additionally, breaking into commercial appliances would be a nice revenue stream.

Property Details

Size:

5,000-sq. ft. showroom and offices. Seller also has on-site and off-site storage

Years Established:

65+

Property Type:

Lease

FF&E:

$ 134,075

Inventory Value:

$ 72,000

Other Details

Expansion Potential:

Leasing and rent-to-own. Carry more brands. Commercial appliances.

Operation Details

Employees:

10 FT

Trading Hours:

Mon 8am – 7pm, Tues, Wed & Fri 8am – 5:30pm, Thurs 7:30am – 5:30pm, Sat 9am – 4pm

Support & Training:

90 days

Relocatable:

Business Relocatable

Miscellaneous

Financing Available:

Yes
Funding Example Purchase Price: $1,075,000 15% Buyer Down Payment: $161,250 10% Seller Financing: $107,500 75% Bank Loan: $806,250 A 15% down payment returns $245,882 in the first year after debt payments.

Reason For Selling:

Retirement planning

Contact this seller

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