Business Summary

Asking Price: $850,000
Gross Income: $1,000,000
Cash Flow: $350,000
EBITDA: N/A
FF&E: $80,000
Inventory: $100,000
Real Estate: N/A
Established: 1992
Employees: 5

Business Description:-
One of the largest distributors and installers of professional sound, lighting and CCTV equipment on the East Coast. Providing highest quality, state of the art equipment available for commercial installations. Successfully in business for over 20 years, this business still has room for growth by expanding its services throughout the internet. Current owner willing to stay on to train and introduce new owner to the industry. Brand new lease available to buyer with a low $1,000 rent for first year. Business comes with over $300,000 in receivables, 4 services vans and over $80,000 in equipment. This is the "go-to" company for commercial build-outs, restaurants and bars. No experience necessary to take over this business. Seller financing available with $550,000 down and favorable note terms. Current staff willing to stay on.

Detailed Information:-
Inventory: Included in asking price
Furniture, Fixtures, & Equipment (FF&E):Included in asking price
Facilities: Rent only $1,000 for first year to help with transition
Competition: Virtually none
Growth & Expansion: Add internet sales
Financing: $550,000 Down, Seller Financing on Balance
Support & Training: Will stay on for complete transition - no time limit
Reason for Selling: retiring

Property Details