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For Sale: Full Service Residential Appliance Repair Business - San Mateo County, California

$199,900

Asking Price

San Mateo County Full Service Residential Appliance Repair Business Business For Sale

Description

This profitable full-service home appliance repair business has served the Peninsula since 1952 with thousands of very satisfied customers and a sterling 5-Star reputation.

No experience is necessary, the seller will train the new owner.

The asking price is $199,900, approximately 75% of the average annual gross sales of $275,000 and about 1.4x the typical SDE of approximately $140,000.

Included in the $199,900 asking price are 4 weeks (approximately 1 month1) of both business office and technical training and transition consulting at an average of 20 hours per week.

Brands served include Amana, Broan, Frigidaire, General-Electric (GE), Jenn-Air, Kenmore, Kirkland, KitchenAid, Marvel, Maytag, O’Keefe & Merritt, Scotsman, Sub-Zero, U-Line, Viking, Vinoteque, Wedgewood, Whirlpool, and Wolf.

Areas served include the very affluent San Francisco Peninsula communities such as San Mateo, Foster City, Belmont, San Carlos, Redwood Shores, Redwood City, Atherton, Menlo Park, Woodside, Portola Valley, and Palo Alto.

Price & Transaction. The asking price is $199,900 (subject to negotiation, terms, and timing). All reasonable offers will be considered.

The business is offered as a sale of all the tangible/physical assets of the company as will be listed in the confidential information memorandum (CIM), plus the intangible property, including the highly-valuable business name, logo, customer data, web site, email addresses, phone number(s), etc. It does not include accounts receivable, cash on hand, and facility rent deposits. Inventory for sale (if any) is not included but may be acquired at a to-be-negotiated price. The seller will be responsible for all accounts payable and payroll through the date of closing. The current owner is available for a training & transition phase to facilitate a smooth transfer to new ownership.

Exclusive Broker: Tim Cunha, JD - DRE#01919755

Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of appropriate qualified professionals prior to purchasing the Business.

To get more information about this Full Service Residential Appliance Repair Business business for sale in San Mateo County please phone Tim Cunha (Intermediary, Resource, Broker - BRE License #:01919755) at 650-600-3751 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #279425 on BizBen.com. In addition to phoning Tim Cunha, make sure you email Tim Cunha above to get more info about this Full Service Residential Appliance Repair Business, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01919755. EvergreenGold Business Advisors.

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Contact

  1. Name: Tim Cunha
  2. phone iconPhone: 650-600-3751

Details

  1. Asking Price: $199,900

  2. Down: None Given

  3. Cash Flow: $140,000

  4. Revenue:   $275,000

  1. Area: San Mateo County

  2. City: None Given

  1. Attributes:

    Training & Support

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