Appliance Repair and Sales

Financial Information

  • Asking Price: $699,000
  • Gross Revenue: $2,005,000
  • Cash Flow: $208,000
  • Down Payment: ON REQUEST
  • FF&E (Included): $35,500
  • Inventory: $186,000
  • Financing: Yes

Business Location

  • Confidential
  • Maryland
Primary Business Category:

This company provides appliance sales and services for decades, they have served thousands of loyal customers. They have an excellent customer service and referral has been a great source of new customers. Professional, loyal, and well-trained employees have been with the company for long period of time, and employee turnover is almost none. They carry popular brand appliances and have been approved by Manufacturers for sales, installation, and repairs. They receive good number of service referrals from manufacturers for installation, services, and covering their warranty. Unlike large appliance stores this business provides in house installation and service, and for this reason customers have more confidence to buy or service their appliances from this successful company.

Competition Description

This company has popularity and reputation for high quality service. They treat their customers with respect and honesty. For these reasons they stand above any competition.

Growth / Expansion overview

The management have not adapted utilized software applications for customer database, inventory and order, billing and etc. Also, they have used old fashion marketing. New owner may grow this company to new level by adopting advance applications, and more efficient and advanced marketing and promotions.

Support / Training Comments

Owner is willing to provide two weeks of training during transition period. Additional support could be negotiated with term accepted to Seller.

Financing Comments

Owner may negotiate partial financing with qualified buyer.

Reason For Sale
  • Home Based: No
  • Year Established: 1977
  • Franchise: No
  • Year Acquired: 1977
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences: Yes

  • Is Property Leased: Yes
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Days Open: 5
  • Hours Open: Mon-Fri 8:00-6:00 Sat 8:00-4:00
  • Fulltime Employees: 10
  • Part time Employees: 1
  • Is Management Staying: No
  • Distressed: No
  • Monthly Payroll: $21,000
  • Building Size: 3180 sq ft
  • Parking: Plenty of parking in front of store
  • Monthly Rent: ON REQUEST
  • Lease Expires: 09/30/2021
  • Lease Terms: Free parking
  • Lease Miscellaneous: Seller believes Landlord could negotiate Lease term

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Business Listed by

Sunbelt Montgomery & Frederick Counties

Contact: Mike Zarinbaksh
Office Phone: 301-215-9288
Mobile Phone: (240)793-8292
Listing ID: MONTGMD006-N432

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