Looking for a buyer.
This appliance sales, installation, and servicing business has an industry leading staff with an established chain of command. This business is located in Iowa City and has clients throughout the many small towns within a 50-mile radius of the business. With services including the sales, installation, and servicing of appliances (1/3), HVAC (1/3), and electrical and plumbing (1/3) as well as an excellent local reputation and deep roots within their community, this business has been able to acquire a loyal and somewhat niche client base. There are 8 total staff members including 1 service lead and 2 service techs, 1 install lead and 1 install tech, two office managers, and 1 part-time delivery assistant, allowing the owner of this business to hold down a full-time job completely unrelated to this business for the past five years! He assists with team oversight and management as needed. His responsibilities could easily be handed off to the existing staff or the new owner. While there are a few other appliance stores in the area, very few offer installation and maintenance of these products, and none offer the customer service and hospitality that can only be offered by a small, Midwest based pillar of their community. This business has ample room for growth in the service side of their industry. Due to their niche maintenance services, partnering with outside appliance sales businesses to offer appliance servicing could offer exponential growth. Not only does a buyer have the opportunity to rent the location this business is in from the current owner, they also have the opportunity to buy it now or in the future! The lease for the location is $3,575/month for both Building 1 which consists of a 2,000 sq. ft. showroom, a 1,600 sq. ft. service/parts, and 2,000 sq. ft. of 2nd-floor storage and Building 2 which is a 4,000 sq. ft. warehouse. Priced at $495,000, a buyer would be receiving an unmatched reputation and over $250K in assets! The current owner is looking to sell the business in order to change industries and explore other non-competing interests moving forward. He has spent a lot of time building not only this business, but also his community and has extreme vested interest in the ongoing success of the business. As a show of good faith, he has offered 10% seller financing and will stay on board for 6 months-1 year post-close.

listing type
exclusive representation
Iowa City, IA, USA
proposed price
owner financing
working capital
SBA eligibility
Accounts Receivable
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