Appliance parts

Appliance parts

Available

$135,000.00

Listing Number :

 3947

Status :

Expired

Price :

$135000

Share

Added to Favorite

Favorite

Print

Area

2800

Description

Seller wants to retire from a 2,800 square foot retail appliance parts store that he owned since January 1985 in the Stanislaus County and surrounding area. The asking price includes saleable inventory of about $60,000.00.The gross sales have increased during the past 3 years: $169,818.00 in 2017, $179,605.00 in 2018, and $191,434.00 in 2019. The net profit to the owners has been quite constant: $59,533.00, $62,207.00, and $59,547.00.Present rent is $1,400/m but the landlord will increase the rent to $1,600/m.Open only Monday to Friday 9:00 to 5:00.Plenty of potential to a younger, more energetic buyer: a) there is no website at the moment and b) the parts offered are limited only to major home appliances.The business has a large base of loyal customers. All the buyer needs to do is increase that base.The seller is willing to carry a Promissory Note of $25,000.00 with 5% interest for 2 years. The buyer has to place a down payment of $110,000. If you have the funds, please call. # 3947

Business Information Financial Information
Ownership Type:  Corporation
Year Established: 1985
Year Purchased: 1985
Business Type: Retail store
License(s) Required: business
Hours of Operation: 9 am- 5 pm/ 6 xdays a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3947
Date Available: 2/25/2020
Reason For Sale: Retiring
Annual Total Revenue: 185000
Annual Net Income:
Inventory: 60000
Monthly Payroll:
Lease Information
Base Rent: 1400
Lease Expires:
Lease Option:
NNN:
 
Financing Information
Down Payment: 110000
Owner Will Carry:
Other Finance Terms:

Similar Properties