Home Appliance Retail and Repair – West MI
SOLD – Multi-generational company with 95 years of local reputation as a family-owned business is now available for purchase! Current owners are the third generation of ownership. The business provides sales of new and used home appliances, including Maytag, Frigidaire, Whirlpool, KitchenAid and Amana, as well as repair, parts and installation services. Strong community ties and a solid reputation keeps clientele loyal, and word of mouth referrals are common. This company is being sold with $296,000 of new appliance inventory, as well as real estate with an estimated market value of $600,000. Owners are ready for retirement and are looking for the next family to take over this successful store.
Listing ID:
LCC-21125290-15
Location:
West Michigan
Type of Business:
Specialty Retail
Asking Price:
$199,000 plus inventory
Real estate available for purchase or lease
Gross Revenue:
$2,642,991 (2021)
Cash Flow:
$230,767
Inventory:
Plus Inventory ($296,000)
FF&E:
Established:
Over 95 years
Employees:
Owner plus 9 EEs |
Facilities:
Owned and available for sale. 2 buildings on corner lots located diagonally from each other.
- Parcel 1 – .55 ac, 318 ft. total frontage, 14,660 sf building, currently warehouse space.
- Parcel 2 – .36 ac, 250 ft. total frontage, 7460 sf building, currently retail space.
Real Estate / Lease Terms:
This property is owned.
Growth Opportunity:
Expansion of service staff and comprehensive marketing program will increase sales even more.
Competition:
Competes strongly with big box stores offering exceptional service and premium product lines.
Financing:
Assistance with SBA financing available.
Support & Training:
The Seller will provide training to help the purchaser take over providing for a smooth transition.
Reason for Selling:
Seller is looking to retire.
Broker Contact:
Frank Cobb – Advanced Business Brokers
For more information, fill out the form below:
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The broker has made no investigation of the above information, prospective buyers must accept all due diligence responsibility. Above information is subject to change and/or correction and should not be considered binding.
Main Street Market Maker