#Business ID: 19917
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Business Location: Connecticut, United States
| Asking Price: BUSINESS SOLD | Revenue: $ 4,978,000 | Cash Flow: $ 200,000 |
1994
Lease
$ 50,000
$ 850,000
Company operates out of a 6,000-square foot office and retail store located in Connecticut. The Company established its lease in 1994 with a third party at the fair market rate. This lease is currently open and does not have an expiration date. They also have a 4,000-square foot warehouse adjacent to the Company’s store. The lease was established in 1997 with a third party at the fair market rate, and does not have an expiration date.
According to management, there are approximately three direct competitors and a number of indirect competitors in the Company’s immediate marketplace. The Company enjoys a long-standing (55+ years) reputation for quality products, knowledgeable staff, and superior customer services. It differentiates itself from its competitors by offering mid-level to high-end household European appliances.
The Company’s management team has a tremendous amount of experience in the appliance industry and is focused on providing quality, timely, and cost-effective solutions, coupled with proactive and responsive customer service that contributes to sales growth at an average annual growth rate of 5.5% during the historical period, from nearly $4.5 million in FYE 2011 to $5.0 million in 2013.
15
In order to ensure a smooth transition to new ownership, the principals would entertain remaining with new management for a period of time.
Retirement
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