Retail Computer & Laptop Repair Steady Business
Location California,United States
Asking Price Range < $250K
Gross Revenues $420000
Net Profit / Cash Flow $84000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1989
Number of Employees 4 - 5
Inventory 30000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training 2 weeks, 40 hours per week.
Reason for Sale Retirement.
Description Thousands of clients have been served over the history of this Westwood and Santa Monica vicinity computer repair and consulting firm for sale over its 20 year history. Standard break/fix shop that deals mainly in the retail sector. Business is heavily dependent on retail location and huge 2 page prime yellow pages advertisement, however, some monthly maintenance of neighborhood businesses in the high rises nearby account for a portion of the gross sales. Seller and wife are the heart and soul of the business, as they are technician (seller) and accounting/shipping/financial/customer service (wife). Discretionary earnings are for a husband and wife team (or other partnership) so if a single owner operator is going to take over, some allowance will be necessary to hire someone to take care of duties of co-owner. Everything is verifiable in quickbooks, so your due diligence and books and records examination is very easy. You can back-calculate all of the numbers against the invoices and check deposits and credit card statements. Significant upside as far as implementing an advanced contact management system, since the current owners primarily scribble down contact information on laboratory notebooks and stored accordingly. Follow up with clients and consistent marketing could drive revenue significantly higher. Seller is looking to retire, and if the price and terms are right, will carry for qualified buyers. Lease is an attractive below-market rate, is assignable, and is really a strength of the acquisition. Leasehold itself has roughly 150,000 in value b/c it's about 1/2 the price it should be given the current marketplace and geography where the business is located. On a major east/west thoroughfare with huge street and walk counts daily. NDA is required for exact business address as the seller would like to keep the sale of the business confidential.
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