VERY MOTIVATED SELLER!!!
Great opportunity to invest and operate well established [founded in 1958] and profitable small alliance repair company located in the san fernando valley area of los angeles county. Stoves, fridges, microwaves, trash compactors. Complete service, repair and installation. At the present time there 3 technicians, a few years ago 6 technicians were employed. Although there are plenty of jobs for more techs, seller chose that he is comfortable with 3 at this time. Averages 20-25 jobs a day. Closed on weekends opportunity knocks! Company was established in 1958 and had 2 owners so far. Under second owner since 1990. Well established relationships with over 60 real estate management companies.
Authorized whirlpool repair facility. Price includes 3 trucks with parts and tools. Services area is from downtown to santa monica, 118 to culver city. W2 employees. In addition to service and repairs, this company sells new and used appliances that greatly contribute to cash flow. The value of used appliances available for sale and parts is over 100k and included in price. Annual sale is steady in 500-600k range and seller's cash flow on the books is around 200k including addbacks and owner's compensation. We are looking for a buyer who knows the appliance repair business. Sellers may consider staying and training buyers on consulting basis for a reasonable amount of time. Great location, good lease terms, 12,000 square feet area. Buyer may choose to relocate to smaller space if needed.
Please note that financial statements will be presented to potential buyers only upon verification of liquid funds. Seller may consider carrying papers with substantial down payment and sufficient and verifiable collateral located in the united states.