Consumer Electronics & Home Automation
Location Ohio,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $7028000
Net Profit / Cash Flow $601000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2002
Number of Employees 20 - 34
Inventory 1316000
Relocatable No
Number of Employees 20 - 34
Real Estate Leased
Training Free for six months.
Reason for Sale Wants to do something else; some burnout.
Description Consumer Electronics & Home Automation -- The sale of this business is pending. This company is a Northeast Ohio Custom Retailer of medium-to-high end consumer electronics and a Custom Home Integrator of home automation controls which include security, lighting, distributed audio and video, and structured wiring. This business combines retail and custom residential on the fundamental philosophy that one feeds the other. Demographics within a five mile radius of each of the four stores are some of the strongest in NE Ohio. The company has excellent suppliers and is a strong participant in the latest products and trends.
Furniture, Fixtures, & Equipment: $ 48,000.
Vehicles and / or rolling stock: $ 37,000.
Inventory: $ 1,194,000.
Accounts Receivable (if included): $ -0-.
Land and Building (if included): $ -0-.
Other Assets: $ 530,000.
Current Liabilities to be assumed: $ -0-.
Current Notes to be assumed $ -0-.
Asking Price: $3,000,000.
Down Payment: $600,000.
Annual Sales Volume: $ 7,028,000.
Cash Flow: $ 601,000.
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