Established Appliance Repair & Service Company
Not Disclosed, SC Not Disclosed
Southeast
Asking Price:
$2,600,000
Annual Revenue:
$2,854,940
Request More Information Contact the Seller
- RE: Established Appliance Repair & Service Company
- Contact: Adam Petricoff
Quick Facts
| Asking Price: | $2,600,000 | |
| Annual Revenue: | $2,854,940 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $592,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $20,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1999 | |
| Employees: | 14 | |
| BBN Listing #: | 954467 | |
| Broker Reference #: | 42520177 |
Business Overview:
Don't miss this opportunity to own a very profitable appliance repair business in a major city in the Southeast. This 25-year-old service business has excellent margins, an excellent team and facilities and is positioned for continued profitability and growth under new ownership.
Financial Summary:
- Company is projecting 2024 SDE between $650-$700k TTM (thru June 24)
- Revenue: $2,854,940 | Net Income: $349,626 | SDE: $592,000
- 2023: Revenue: $2,613,626 | Net Income: $266,635 | SDE: $507,763
- 2022: Revenue: $2,368,826 | Net Income: $334,931 | SDE: $476,458
- 2021: Revenue: $2,394,713 | Net Income: $390,999 | SDE: $536,038
Key Highlights:
Growth Opportunities: The business has identified several additional areas for growth that a new owner could benefit from. These initiatives, combined with continued operational excellence, and continued growth in the overall population in their markets served, has this business positioned for continued success and growth.
Processes: Ownership has continuously focused on providing a very high level of service and systems to handle increased demand. From marketing to operations, new ownership will be stepping into a turn-key business with tight operational controls.
Skilled and Experienced Staff: The business has a dedicated and experienced team in place, ensuring smooth operations and consistent service quality. The knowledgeable staff contributes to the business's success and offers valuable expertise to the new owner.
Consistent and Growing Customer Base: The business attracts a wide range of customers, including many repeat homeowners, vacation homeowners, vacation rental companies and real estate developers’. The business generates year-round demand due to its services and customers need to have their appliances serviced by a local company. The business has built a strong reputation with these customers, ensuring a steady stream of revenue and most importantly, a tremendous amount of word-of-mouth referrals, the best indicator of customers happiness with the company’s services in this fast-growing city in the Southeast.
Facility: The owners continue to invest in its location, having recently finished a remodel. With offices, warehouse and a training room, the business is positioned to continue to operate in its existing facilities for the foreseeable future.
Real Estate: The real estate is currently leased with a market rate lease in place thru 2027.
To maintain the seller's confidentiality, more detailed information about the financial figures and other non-financial aspects of the business will be provided upon the completion of a non-disclosure agreement (NDA), an initial interview with the broker, and disclosure of personal financial status and capacity of the buyer. This business has been prescreened by multiple SBA lenders. We are not working with buyers who do not have committed capital or a lender prequalification letter.
While prior service industry experience is welcomed, the seller is focused on finding the right buyer to take this business to the next level. After 25 years of owning the business, the owners are excited about finding the right buyer to carry on their legacy in the business.
Contact us now to schedule a brief initial interview and learn more about this fantastic business opportunity.
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Reason for Selling:
RetirementAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
- View more South Carolina businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
Request More Information
