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- RE: Auto Accessories With Exclusive Product Agreement
- Contact: Brian Hardman
- License #: BK3217067
Quick Facts
Asking Price: | $350,000 | |
Annual Revenue: | $677,412 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $118,228 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | 5 | |
BBN Listing #: | 495056894 | |
Broker Reference #: | 964-24401 |
Business Overview:
This offering is for a well-established, full-service electronics retailer specializing in car audio/video, remote car starters, keyless entry and alarms, window tinting, as well as additional exclusive products. They carry a wide selection of car audio/video products from top brands like Alpine, Kenwood, Pioneer, etc.Loyal, fully trained, and experienced staff in place. All tools and equipment are included in the sale.
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Property Features and Assets:
3,700 sq ft flex space. The lease is triple net with a base rent of $3,500 /month through January 1, 2024, with an option to extend for three years. Real estate may be available for purchase.Market Competition and Expansion:
Opportunities to grow the business include: - Increase advertising (print, radio, and television). - Hire additional technicians. - Increase prices by 5-8% over the next six months.- - Open a retail store to sell additional products. - Increase building footprint by acquiring/leasing property next door. - Expand exclusive product lines. - Lucrative government contracts/agreements with MichiganReason for Selling:
RetirementAdditional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Michigan businesses for sale
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