Description About This Posting: Major Appliance Service Provider
This appliance service company has provided excellent 'factory-authorized' appliance repair for almost 40 years. It is a 'Diamond Certified' company, the first in Santa Clara & San Benito Counties. The current owner acquired the business 20 years ago, after having spent many years as an employee. Based on Diamond Certified random customer surveys, they enjoy a 'very satisfied' rating of 96%.
For the past 10 years, the business has specialized in the repair of only the best quality brands, such as Sub-Zero, Wolf, & Scotsman, as well as KitchenAid, GE, Dacor, and Bosch, among several others.
There is more demand for their services than they can handle, so adding an additional technician could double sales and more than double profits. Currently the owner-manager handles all the technical service calls. He operates from a home office and, therefore, has no rental expense. He typically takes 3-day weekends off and at least one 3-week vacation every year, plus all holidays; the revenue generated supports a lifestyle of personal freedom. A new owner could increase the hours worked and/or hire a technician, with plenty of demand to generate additional sales and profits.
Sales are in excess of $300,000 per year, with Seller's Discretionary Earnings ('SDE') of $135,000.
Parts inventory is typically about $15,000. Tangible assets include a purpose-built utility trailer containing all necessary tools, instruments, and equipment. An extensive customer database, a decades-long telephone number, factory-authorizations, and years of market exposure and presence are invaluable intangible assets a new owner would acquire.
The Transaction: The asking price for the entire business is approximately 1X annual gross revenue / 2.2X SDE $299,900. This includes website, phone number, name, customer database, manufacturer relations, trailer, tools, equipment, instruments, and a reasonable period of training and management transfer consultation from the seller (length of time to be negotiated). It would not include the sub-S corporate entity, cash-on-hand, accounts receivable, or accounts payable. Parts inventory cost is negotiable.
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 professionals prior to purchasing the Business.
To get more information about this Major Appliance Service Provider business for sale in
San Jose Metro Area please phone Tim Cunha (Intermediary, Broker - BRE License #:01919755) at 650-600-3751 and 844-237-6487 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #252605 on BizBen.com. In addition to phoning
Tim Cunha, make sure you email Tim Cunha above to get more info about this
Major Appliance Service Provider, to ask any questions or request an appointment to see this
business for sale, franchise, or opportunity. Thank you.
Related Links And Information Regarding This Posting
Professionals who understand the importance of world class business brokerage service and the value it can create. Specializing in assisting sellers and buyers with retail stores, restaurants, hospitality & lodging, manufacturing operations, distribution companies, e-commerce and service businesses.
For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278.
California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.
McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
I've worked at top Bay Area law firms and have extensive experience with business entity formation, mergers, dissolutions, conversions, employment matters, including experience in reviewing and negotiating transactional documents such as leases and purchase agreements.
Mark has a broad range of small business purchase & sale experience from analyzing potential acquisition targets to successfully guiding buyers and sellers through the purchase & sale of small businesses. Mark can assist with contracts, negotiations, legal matters, etc. Reach Mark at 949-478-8393.
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