Active
Electronics & Furniture - Houston Area
This is a well-established chain of 3 retail shops specializing in auto repair, sale and installation of auto & truck electronic equipment, and furniture.
- Services include auto repair & body shop services along with new & used tires & wheels, and window tinting.
- Retail sale & installation of auto & truck electronics that include stereos, speakers & amplifiers.
- Retail furniture that includes living room furniture, bedroom sets, dining furniture, mattresses, and TVs
The facilities include a large show room and installation shop area. The store is located on major streets and in retail centers with ample parking.
Specialized financing or lease-to-own options are a key part of the business model, helping customers purchase larger-ticket items over time. The business targets customers looking for affordable home furnishing and electronics solutions in the Houston area
Listed By: Jeffrey Jones
Background information
Reference:
82567
Year established:
2010
Reason selling:
Semi-Retirement & Real Estate Investments.
Finance
Sales:
$1,929,565
Profits:
$319,783
Profit type:
Discretionary Earnings
Operations
Employees:
Each store has a manager and 2 to 4 staff.
Inventory:
$140,000
Furniture fixtures and equipment:
Office & Shop Equipment.
Premises
Facility:
All facilities have a large show room and & shop area.
Square footage:
The stores are 5,000 to 7,200 sq. ft.
Rent and lease terms:
* 12911 Westheimer - Gross Rent $8,160 P/M with a 20 year term. * 13003 Murphy Rd. - Net Rent $5,000 + 3 net with a 5 year lease & 5 year option. * 3202 Fondren - Gross Rent $10,180 P/M with a 7 year lease.
Price and terms
Price:
$1,200,000
Down payment:
$120,000
Financing:
In the event the buyer meets SBA loan requirements, the down payment can be $120,000 with a SBA loan of $1,080,000 for 10 years @7.5% = $12,819.79.P/M.
Training:
As needed.