Gowing by Leaps and Bounds, Hometown Appliance Store
- Listing Id: 8787
- Broker Name: Melinda Tsang
- Category: Furniture and Home Decorating
- Asking Price: $250,000.00
- EBITDA: N/A
- Real Estate: N/A
- Cash Flow: $140,000.00
- Inventory: N/A
- No. Of Full-Time Employees: 5
- No. Of Part-Time Employees: N/A
- Gross Income: $1,400,000.00
- FF&E: $51,000.00
- Year Built: 2010
- Address: Click Here
- Zip Code: Click Here
- City: Maury County
- State: TN
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- Available: Yes
Description
Growing by leaps and bounds, This hometown appliance store franchise is set to take off in 2015. The current owner, who has owned the store since April, 2013, has increased sales 15% per month over the last quarter, which resulted in being named a "Premier Store". This recognition brings with it an additional $3,000 to $4,000 per month income. All inventory is on consignment which pays a 10% commission plus bonus when certain sales or promotional goals are achieved, like the "Premier Store" status. One of the more exciting opportunities the owner has secured, is a five (5) year "state" contract to provide appliances (stoves, Refrigerators, washers and dryers) to all HUD units in the state. The store is located in a strip mall that is anchored by a national grocery chain with over 30 business in the mall and a quarter mile radius. The owner is selling to pursue an opportunity in his field of expertise with a national organization. With the increased sales and state contract in place he feels that this is a fantastic time for a new owner to step in and run with the business.
Financial Summary
N/A
No article added by Melinda Tsang.
No news/updates from Melinda Tsang.
