Ultra High-End HDTV & Stereo Equipment Dealer
Location California,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $4680000
Net Profit / Cash Flow $516600
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1973
Number of Employees 10 - 19
Inventory 1035000
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Reason for Sale To pursue other interests.
Description For many years, this very well-established retail chain has catered to wealthy audiophile connoisseurs with loads of discretionary cash to spend on their home electronic toys. Offering only the ultimate in state-of-the-art hi-tech consumer stereo and HDTV brands and equipment currently available, together with peripherals, accessories, and consumables, they also plan, design and install turnkey entertainment centers in the homes and offices of LA's ''rich and famous'' industry players and wealthy business and professional elite. With an average ticket price of $1,100, not including profit-generating installation fees, overall sales average $538 per s.f. of retail space, bettering the electronics industry average $355 per s.f. Each location is staffed by well-trained, courteous and knowledgeable home electronics sales professionals who love working with this class of merchandise. PLEASE NOTE: THE OWNERS` DECISION TO MARKET THIS OFFERING IS STRICTLY DISCRETIONARY: The preferred buyer will be either a related business or investment group seeking a well-branded strategic acquisition, or an individual possessing an excellent working knowledge and understanding of the high-end a/v and consumer electronics brands and products featured, the target market, and the luxury home entertainment equipment industry. Please consider this noteworthy fact: Startng February 2009, HDTV sales are expected to go ballistic with the final conversion to mandatory HDTV transmission / reception. Consumers will either have to buy new equipment, or relegate themselves to viewing TV with conversion boxes in order to view broadcast, CATV and Satellite TV. Now is your opportunity to exploit the coming transition. Email or contact Brian Gunshor at (310) 539-8300 for more information on this HDTV & Stereo Equipment business for sale.
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