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Saturday, September 04, 2010
Listing Details - Appliance, furniture, and Electronics Store
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Appliance, furniture, and Electronics Store
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Eastern Arkansas - Arkansas
| Seller Financing: |
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| Lender Pre-Qualified: |
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| Listing ID: |
61044 |
| Status: |
Inactive |
Listing Details
| Listed Price: |
$1,350,000 |
| Down Payment: |
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| Total Sales: |
$1,251,000 |
| SDE: |
$171,000 |
| EBIT: |
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| EBITDA: |
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| FFE: |
$15,000 |
Included? Yes |
| Real Estate: |
$550,000 |
Included? Yes |
| Inventory: |
$290,000 |
Included? Yes |
| A/R: |
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Included? |
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| Reason for Sale: |
retirement |
| Training: |
owner will train |
| Financing Terms: |
negotiable |
Operations
| Year Established: |
1978 |
| Last Acquired: |
1978 |
| Form of Ownership: |
S-Corp |
| Home Based: |
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| Relocatable: |
No |
| Type of Location: |
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| Absentee Owner: |
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| Online: |
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| Employees: |
Full Time: 7 / Part Time: 2 |
| Managers: |
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| Hours: |
Mon. - Fri., 8 to 5:30 p.m., Sat. 8 - 2 p.m. |
| Owner Hours: |
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| Non-Owner Payroll: |
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| Franchise Info: |
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Location
| Lease Expire: |
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| Option: |
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| Lease Terms: |
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| Lease Security: |
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| Monthly Rent: |
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| Square Footage: |
15750 |
| Facilities: |
Price includes building and undisclosed additional properties. |
Summary
| Business Description: |
This established business has been selling appliances (54% of gross), electronics (16% of gross), and furniture for over 30 years. Real Estate included in the sale includes a strip center building of over 9000 square feet, a warehouse with approximately 6400 square feet, mini storage units and rental property. |
| Historical Summary: |
The current owner started this company over 30 years ago. |
| Owner Qualifications: |
owner will train |
| Competition: |
normal |
| Potential Growth: |
more advertising, install a working kitchen inside store. |
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