Established Appliance Retailer With Install Division For Sale

This business is located in Iowa City and has clients throughout the

many small towns within a 50-mile radius of the business. With
services including the sales, installation, and servicing of
appliances (1/3), HVAC (1/3), and electrical and plumbing (1/3) as
well as an excellent local reputation and deep roots within their
community, this business has been able to acquire a loyal and
somewhat niche client base. There are 8 total staff members
including 1 service lead and 2 service techs, 1 install lead and 1
install tech, two office managers, and 1 part-time delivery assistant,
allowing the owner of this business to hold down a full-time job
completely unrelated to this business for the past five years! The
purchase of this business includes $280,000 in assets to allow new
ownership to continue the ongoing success of this establishment.
This means that not only does a 10% down payment of $49,000
offer new ownership a 172% return on investment with $84,408
being made in the first year after debt payments, but also a
significant amount of assets! While there are a few other appliance
stores in the area, very few offer installation and maintenance of
these products.
This business has ample room for growth in the service side of
their industry. Due to their niche maintenance services, partnering
with outside appliance sales businesses to offer appliance
servicing could offer exponential growth. Not only does a buyer
have the opportunity to rent the location this business is in from the
current owner, they also have the opportunity to buy it now in a
separate transaction, or in the future!
Priced at $490,000, a buyer would be receiving an unmatched
reputation as the only business in the area that can offer the
customer service and hospitality that can only be offered by a
small, Midwest based pillar of their community! The current owner
is looking to sell the business in order to change industries and
explore other non-competing interests moving forward. He has
spent a lot of time building not only this business, but also his
community and has extreme vested interest in the ongoing success
of the business. As a show of good faith, he has offered 10% seller
financing and will stay on board for 6 months-1 year post-close.