Profile: Appliance Repair & Service on Warrantee Insurance Contracts!
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Ad/Listing Information
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Contact Information |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$80,000 |
| Down Payment: |
$40,000 |
| Annual Revenue: |
$224,743 |
| Annual Adjusted Net: |
$42,265 |
| Price Range: |
$0 to $100,000 |
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| Franchise: |
No |
| Relocatable: |
Yes |
| Home Based: |
Yes |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Call |
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Description:
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They have contracts with extended warrantee insurance providers. They have been repairing and servicing both commercial and residential appliances for over 10 years. The present owner has 3-4 sub-contractors who perform the servicing. There is a part-time clerical person to handle basic administrative items. Small amount of business in reselling pre-owned appliances. Both high end and entry level appliances are serviced. There are 5 service vehicles that can be purchased by new owner, if needed.
Historical Summary
The business has been established for over 35 years. The present owner has exclusive, territorial service contracts with many warrantee and insurance coverage providers. When someone makes a purchase, they also purchase an extended warrantee from a third party. This business is the business that the coverage company calls to service the broken products. The also have a service contract for proper disposal of pre-owned appliances.
Owner Qualifications
Present owner will assist new owner is getting a California State Certified Appliance Technician certificate, if they do not have one already. Should have some experience in appliance industry. Present owner has most of the service performed by sub-contractors.
Competition
There are other repair centers, but none have the contracts that this business has.
Potential for Growth
In this ecconomy, it is best to repair what you have than buy new. In the next few years, more people will need to repair their appliances.
Facilities & Locations
This is a store front business, but really does not have to be. You can relocate to an commercial area to reduce rent and possibly bring in new local customers.
Reason For Sale
Owner is relocating.
Financing/Terms
Good books and records, may qualify for loan, if buyer is qualified.
Training & Support
Full training as per required by the new owner. Will assist new owner in obtaining necessary certification.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Brian K. Colon, CBB, Agent at 805-388-6974 |
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