Florida Home Appliances Business

Asking Price:

$2,500,000 + Inventory

Financial Overview

Revenue:
$4,768,980
Income:
$849,926
Multiple:
2.94x

Business Description

Since 1984, this family-owned company has served customers with low prices and top-notch customer service. In 2012, the sons of the founder moved the business to two Florida-based retail stores to take it to the next level of service and reached out across their community to offer products and services that differ from the competition. Growing up in the refurbished appliance industry, the brothers decided to use their knowledge of the landscape to become the only company to offer brand new in-box, new with scratch/dents and refurbished appliances along with mattresses and furniture.

With each year, the company has grown at a rapid pace. In 2020, their revenue doubled due to the pandemic and being considered an “essential business” — as other companies shut down, the company remained in high demand, with sales for 2020 at over $4.7M (projected to be over $6M in 2021).

In addition, they have become a go-to vendor for residential developers in central Florida as they are one of the few authorized Whirlpool distributors in the region. They are within miles of The Villages, a 55+ community located about an hour north of Orlando that is consistently the best-selling (and fastest growing) master-planned community in the country with a median household income well above the national average and a population larger than half counties in Florida.

The company is equipped with modern vehicles and equipment. Included in the sale are the following:
-1 Semi
-2 box trucks
-3 pick up trucks
-3 Ford transits
-1 heavy duty f-550 diesel
-3 semi trailers
– 1 dump trailer
-2 14’ enclosed trailers
-1 28’ enclosed trailer
-1- 20’ and 1- 12’ utility trailer.

Most of the vehicles and equipment are professionally wrapped providing maximum exposure and free advertising when in the field.

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