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Electronic For Auto, Truck & Home, plus Home Furniture
This company has five retail stores in the Houston metro area specializes in the sale of consumer electronic equipment for auto, truck, and home that includes radios, speakers, TV sets, and sound equipment accessories and can be installed in the shop area. They also do auto repair, window tinting and sell new tires in most of their stores. All stores sell home furniture and mattresses under band names such as Coaster Furniture, Furniture of America, Crown Mark Furniture, and Home Elegance. Each store has a large show room and installation & repair shop area. Each of the stores are under long term leases. The real estate is an option at several of the stores.
Listed By: Jeffrey Jones
Background information
Reference:
82503
Year established:
The stores range in age from 2 to 15 years.
Reason selling:
Semi-retirement
Finance
Sales:
$3,142,252
Profits:
$808,000
Profit type:
EBITDA
Operations
Employees:
Each of the stores have 2 to 5 employees and includes a store manager at each location.
Inventory:
500,000
Furniture fixtures and equipment:
$150,000
Premises
Square footage:
The stores range in size from 3,000 sq. ft. to 7,500 Sq. ft.
Rent and lease terms:
All stores are on long term leases at very favorable rates.
Price and terms
Price:
$1,800,000
Down payment:
$800,000
Financing:
Seller will consider Seller Financing with 49% down.
Training:
As needed