Review

Appliance parts
Others/Misc
In or near Stanislaus

Status: Available
Price: $135000
Sq Ft: 2800 Sq Ft.

LBA Listing # 3947
Appliance parts
Others/Misc


Stanislaus LBA Listing # 3947
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.
Status: Available
Price: $135000
Sq Ft: 2800 Sq Ft.  


Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased: 1985
Business Type: Appliance parts
License(s) Required: Business
Hours of Operation: 9 am- 5 pm/ 6x days 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: Retirement
Annual Total Revenue: 185,000
Annual Net Income: 60,000
Inventory:
Monthly Payroll:
Lease Information
Base Rent: 1,400/m
Lease Expires:
Lease Option:
NNN:
 
Financing Information
Down Payment: 135,000
Owner Will Carry:
Other Finance Terms:
Disclaimer: This Information has been supplied to Broker by Seller. Broker expressly disclaims any and all liability for representation of warranties, expressed or implied, contained in such information, or for omissions from them. Broker believes such information to be correct, but has not verified or checked it. Any agreement or decision by Buyer to pursue a transaction regarding this Business should be based on further investigation by the Buyer. This information is shared by all Brokers/Agents at Liberty Business Advisors of San Francisco, Inc.