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Asking Price: $40,000
Revenue: $80,000
Cash Flow: $30,000
Do you enjoy working with your hands? This could be the perfect opportunity for you!
With a storefront along a major thoroughfare on the outskirts of Denver, this one-man operation has been around for 3 years, during which time he has steadily cash flowed and developed relationships with distributors in the industry, allowing him to maximize his margins. The owner is seeking to retire from the business in order to return to California and spend more time with his family.
He has also recently amassed an inventory of approximately $25k, which is included in the asking price for the business. If you were to start your own used appliance shop, it would take you a minimum of 7-8 months to collect that much inventory, and even longer if you have no prior connections to suppliers. The sale also includes all of the tools that a new buyer would need to work on the appliances.
There is a large amount of room for future growth potential within this business. Under the current owner, the business exists exclusively on Facebook aside from the storefront. With the inventory in hand, the existing relationships with distributors, and a better marketing strategy, a new owner could realistically double their investment within the first year.