Consumer Appliances Retail
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $4197000
Net Profit / Cash Flow $160000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1977
Number of Employees 10 - 19
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Seller will provide training.
Reason for Sale Retirement.
Description Are you a visionary marketer, looking for a well established business that can be developed into a $100,000,000 a year industry giant? If so, here are 16 reasons you should consider Big Alls Discount Appliances:
1. Big Alls has successfully prospered for 60 years on the Westside
2. Big Alls was profitable when interest rates were 20% and we waited in line for rationed gas for hours
3. While industry wide appliance sales in So. California are off 35% from 2007, Big Alls is down less than 15%.
4. The owner is willing to stay involved on a daily basis with the business for up to one year, possibly longer
5. Big Alls belongs to National Buying Group, which enables them to buy and price competitively against any and all discount retailers.
6. Big Alls has a low cost of rent in a triple AAA location.
7. Big Alls has no debt on the books.
8. The store is so well run the owner works part time.
9. Competitors are closing their doors every month, leaving more market share for Big Alls to capture.
10. Although the buyer group gives them access to every product a consumer might want for home, Big Alls sells only kitchen appliances. This leaves a significant upside potential for the enterprising entrepreneur. Pacific Sales started out selling only Kitchen Appliances like Big Alls but they used their buying group to add other consumer products and grew to a $100,000,000 entity in 17 years.
11. The price has been adjusted to reflect the economy this is a realistic seller!
12. The business is prequalified with the SBA for a loan up to $1,100,000.
13. The well-trained sales staff is on a first name basis with most of their 30,000 customer base
14. The stores location on the affluent Westside has enabled it to go through 7 previous recessions with far less impact than experienced industry wide.
15. The company also sells parts and provides service yet the seller has never focused on growing either of these profit centers.
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