Consumer Electronics & Home Automation
Location: Ohio > Northeast Ohio
Industry: Retail Stores > Electronic Equipment Retailing
Financials
Asking Price: $3,000,000
Gross Revenue: $7,028,000
Cash Flow: $601,000
Inventory: $1,194,000 (Included in Asking Price)
FF&E: $122,000 (Included in Asking Price)
Real Estate: (Not Included in Asking Price)
Seller Financing: Third Party financing (only)
Business Summary
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
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
About the Business
Year Established: 2002
Employees: 33 full time - 2 part time
Facilities: Stores are in great locations with outstanding demographics.
Market Outlook and Competition: The business and the market are growing. This company is much stronger than its competition.
About the Sale
Management Training and Support: Six months free
Reason For Selling: Seller is looking to do something else, and he is experiencing some burnout.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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