Description of the business for sale
This major appliance retailer, located in Ocean County, NJ has enjoyed a very stable customer base with a consistent business
throughout the past 30+ years. The company operates in a unique, captive (non-competitive) environment, servicing wealthy customers
who are not influenced by short-term “big box store” discounts but prefer to have consistent service. Further, regional population growth
has been in excess of 15% over the past 10 years.
Revenues are generates from sales, installation, service and mfg. warranty performances. The company considers its extensive service
as competitive advantage. The product retail spectrum includes appliances and some electronics (home entertainment centers). A
dedicated sales staff ensures sales.
With a proven, long-term SD cash flow between $325,000 to $375,000, a buyer can recoup his initial cash investment of $300,000 in less
than a year. Free cash flow (after debt service/ acquisition) is in excess of $225,000. The business is pre-qualified on an SBA lending
basis, there is no bank debt to be assumed.
The owner, who will relocate to the south for personal reasons, is motivated to make this an easy transfer and will assist an buyer in all
aspects of managing the business for six months. Employees will stay with the business.
*** ALL DATA IS BASED ON TAX RETURNS ***
Description of the facilities
Furniture, fixtures, and equipment = 95000
Furniture, fixtures, and equipment included: Y