Business Description
This is for the business opportunity only, RE can be purchased for stability for $1.6MM on top! Phenomenal opportunity that includes hard to win corporate and municipal contracts / accounts spread across the Inland Empire. Seller is a worker, and has been in the business for the last 25 years but has slowed down and wants to change careers and find new challenges, that's the only reason why he's selling at this time, b/c this is a cash cow including the cash transactions. Has all the lines you'd ever need, authorized dealer and service center for most of the major national household name brands a stereo shop would ever want. Average ticket is about $850-1,000 per job. 4 FT installers make about $20 per hour and 2 Salesmen make about the same. Inventory is not included in advertised sales price, and must be purchased in addition quoted asking price. NDA is required for further details on file with Ace Business Brokers.
Additional Features
Inventory: Not included in asking price
Real Estate: Leased
Building Sq. Ft.: 4,200
Lease Expiration: 8/31/2021
Employees: 6 FT
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Building is owned by the Seller. Flexibility abounds and he can provide a NNN lease at $7,000.00 per month with 3% increases or you can buy it for $1.6MM.
Competition: Competition is ok, but nothing too crazy. Seller has been there for 25 years and he does a lot of advertising on the web, does google/yahoo/bing advertising to keep the phones ringing and the cars coming to the facility.
Growth & Expansion: Not much, just keep doing what he’s doing and learn from the best.
Support & Training: 4 weeks 20 hours per week included with the sale.
Reason for Selling: Other business interests.
Ace Business Brokers NDA & Buyer Profile
NDA’s are always required to secure due diligence packages for our engagements. Please reference 653 Stereo Shop when typing your name on our form please! Thank you!!
Please take a moment to CLICK HERE, to fill out our online confidentiality agreement. Once we receive your NDA we will follow up and provide the due diligence package on the opportunity you are interested in.