Appliances Retailer and Service Provider for Sale in Southern Alberta
This long-established retailer sells major appliances, parts and accessories as well as offering service and installation. Located in Southern Alberta, they are currently the only appliance store within their area offering service. Originally established after WWII, this business has been an enduring part of the local community and has been operated by the current owners since 1982.
With products that are always in demand by homeowners and several local organizations, this business has seen steady revenues of approximately $1.7M. Their ability to service the products after sale is an advantage over the local competition.
The store currently operates out of a 6,920 square foot facility which is located on a main street with a large parking lot. Currently the business is open from Tuesday through Saturday, however there is opportunity for additional hours. There is the possibility of a 5-year lease plus extension.
There are currently 3 full time and 1 part time staff. The owners have offered to provide training and support during the initial transition period.
There are opportunities for new owners such as pursuing contracts with local builders and developers, as well as expanding the higher-end product lines. New owners may also consider adding a used sales department. There is opportunity for additional marketing utilizing social media and home trade shows.
The list price for this business is $95,000 plus taxes and inventory. Inventory is currently valued at approximately $300,000 including finished goods and parts, however sellers are offering all inventory for the discounted cost of $200,000.
Interested buyers can contact Ken Wither at (587) 215-2245.
After the phone call, inquirers who are still interested will be required to sign a confidentiality agreement and complete a confidential buyer questionnaire to give us a snapshot of who you are. This covers relevant business skills, credit rating, and liquid cash available.
Once initial documents are returned specific details and financials of the business will be shared. Business owners or staff are not to be approached directly.
To protect confidentiality, the attached picture is for marketing purposes only and not an actual depiction of the business for sale.
Total Sales: $1,700,000
Year Established: 37
Days & Hours of Operation: Open from Tuesday through Saturday
Type of Location: located on a main street with a large parking lot
Square Footage: 6,920 square foot facility