60 year old appliance/ electrical/ pumps - sales & service company
$475,000.00 (Cdn)
Business Location: SouthWestern Ontario Postal Code: N0B Relocatable: No
Business Categories:
Retail Stores & Trade Electronics & Electrical
BUSINESS FEATURES
the business has flurished over the years (62 to be exact) performing approx. one half appliance sales and related service, and 25% electrical servicing - trouble shooting, and 25% water well servicing - pumps, softners, UVs, and water heaters. We also do a bit of plumbing. It is a family business, in the second generation, with a third generation as one of our electricians. Our clientelle is quite vast, and rely on us for many services. The business has great potential for expansion - more staff and more investment - and I am too old for both as I would like to retire soon.
FINANCIAL INFORMATION
Reasonable good - approx 800000 in sales, gross profit margin depends on the various sectors of the business.
MARKET & COMPETITION
One half in appliance sales & servicing - very few performing after sales service in the area. 25% electrical servicing - we are well known for our trouble shooting abilities. - most electricians in the area are just electrcians. 25% water well servicers - pumps, softners, UVs, water heaters - new sales and after sales service. There are a few pump installers in the area, but are all kept reasonably busy. One nice feature of our business is the versatility and flexibility, we seldomly experience a slow period.
INCLUDED, EXCLUDED & OPTIONAL
- INCLUDED in the Price -
all inventory - appliances, electrical & pump service parts
appliance service parts
office furniture & computers
tools - both shop and specalty
trucks- 2006, 2000, 1999 service vans 2003, 2005 pickups
stock shelves & work benches
60 year old turnkey family business in prime location
the building is 16000 sq ft and houses the business (6800 sq ft), as well as the Beer Store, and 2 other businesses, and 1 apartment. The owner will retain ownership and will lease the occupied premises to the new owner. An 18 ft enclosed trailer, 1998 chev pickup and 6500 wt generator are excluded, as are the staff's personal tools in their trucks. The 2005 pickup's lease is up mar 08, a new 2008 pu will replace it, and the 03 pu may be dealt in on the 05 pu. All vehicles are owned except the newest pu. Maytag s
- OPTIONAL & EXTRAS -
the lease on the occupied space - approx 6800 sq ft - @ $4.25 / sq ft plus percentage of property taxes, building insurance, and snow removal - approx. $4150./ month total. Although the owner would like to retire or slow down, he would be available for a period of time over the transition for training at an agreed upon wage.
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