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High End Audio Video Retailer - Installer
Advert Id: 38863, Sellers Ref: (HIFI1)Location:Louisiana
Category:Retail
Asking Price:$299,000
- Sales revenue : $1,082,479
- Net profit : $132,497
- Furniture/Fixtures value : $47,000
- Inventory/Stock value : $215,000
Business description
Seller Financing: Yes Lender Pre-Qualified: No Listing ID: HIFI1 Status:
Listing Details
Listed Price: $299,000 Down Payment: $100,000 Total Sales: $1,082,479 SDE: $132,497 EBIT: EBITDA: FFE: $47,000 Included? Yes Real Estate: Included? No Inventory: $215,000 Included? Yes A/R: Included? NoContact Information Jeff Snell, M&AMI, CBI, ABI ENLIGN Business Brokers 2009 Caminos Street Raleigh 27607 Office: * * *** Cell: * * *** Fax: Email: [Email Censored] [Web Link Censored] Send Email To Agent
Operations
Year Established: 1997 Form of Ownership: Home Based: No Relocatable: No Type of Location: Commercial Absentee Owner: Yes Online: Employees: Full Time: 5 / Part Time: 1 Managers: 1 Hours: 10-6 Monday-Saturday Owner Hours: 0 Non-Owner Payroll: Franchise Info: non-franchiseLocation
Lease Expire: Option: Lease Terms: Lease Security: Monthly Rent: Square Footage: 5205 Facilities: Showroom features purpose built demo rooms for maximum impact from audio and video solutions for indoor and outdoor enjoyment. Upfit of location exceeds $250,000.Summary
Business Description: Retail business with high-end showroom sells, installs, configures, and provides warranty and non-warranty high-end consumer and commercial audio and video equipment. Many product lines are exclusive with high margins, high customer loyalty and protected territories.Business needs an onsite, hands-on, full-time owner operator. Historical Summary: This company has built a solid reputation selling higher end electronics such as McIntosh, Runco, B&W, Martin Logan, Pioneer Elite, to name a few. ~80% residential, ~20% commercial professional design, installation and service. Recognized as the areas industry leader. Owner Qualifications: Dependent upon buyers intention on operations. No technical knowledge is required. Existing team is available for long-term employment. General management, accounting, and business operational experience expected. Currently owned absentee. Competition: No competition for similar grade product or design/installtion services for a minimum 2 hour drive in any direction up to 3+ hours. Potential Growth: Owner believes growth potential is substantial subject to increased marketing activities in the design/build pre-wire, commercial services.
Located in an area winning award after award for quaility of life and business climate. Expected to grow faster than most markets in the US over the coming 3-5 years.
Additionally, owner believes current topline revenue is sufficient to generate bottom line profit with active owner/operator. Risk factors: No unique risk factors exist for this opportunity. As the economy improves consumers and businesses are increasing discretionery spending on high-end products and services. Additionally, consumers and companies are more able and willing to upgrade existing installations as they have been on hold for 3-4 years in most cases.
Other Information
- Selling Assets: Yes.
- Is Business Relocatable?: No.
- Is Business Home Based?: No.
- Franshise Terms: Not a franchise.
- Real Estate: Showroom features purpose built demo rooms for maximum impact from audio and video solutions for indoor and outdoor enjoyment. Upfit of location exceeds $250,000.
- Competition: No competition for similar grade product or design/installtion services for a minimum 2 hour drive in any direction up to 3+ hours.
- Expansion: Owner believes growth potential is substantial subject to increased marketing activities in the design/build pre-wire, commercial services. Located in an area winning award after award for quaility of life and business climate. Expected to grow faster than most markets in the US over the coming 3-5 years. Additionally, owner believes current topline revenue is sufficient to generate bottom line profit with active owner/operator.
- Years Established: 1997
- Employees: 5
- Trading Hours: 10-6 Monday-Saturday
- Support Training: Current management will provide buyer with complete transition support and is available for long-term employment.
- Reason For Selling: Absentee owner desires to focus on other business opportunities.
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