Car & Marine Stereo Shop

Price: $360,000

Location: Broward County

Industry: Miscellaneous Store Retailers

Listing ID: 42734593

Listing Status: New

Description

Established and well equipped sales, service and installation of stereo, security and lightning systems for automotive and marine.
Business provides premium audio accessories with professional installation for any make and model of vehicle, high end audio system integrations, mobile video add-ons, factory equipment upgrades.
They offer lifetime warranty on installations and they also provide high performance sound quality products for marine, off-road and powersports.
Business is certified Intoxalock Ignition Interlock location, which brings another income stream. Seller started to sub-rent his unused area to window tinting business that brings another income of $1,000 monthly and clients as well.
Located in busy plaza, business has storefront and warehouse area.
$20,000 of inventory is included in the price.
Seller financing is available.

LISTING DETAILS

Down Payment: $200,000

Total Sales: $446,476

Cash Flow: $239,296

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: $10,000

FFE Included: Yes

Inventory: $20,000

Inventory Included: Yes

Operation

Year Established: 2019

Days & Hours of Operation: Monday-Friday 9:30 AM-5:30 PM, Saturday 9:30 AM – 4:00 PM

Owner Hours Per Week: 40

Lender Pre-Qualified: No

Non-Owner Payroll: N/A

Employees: 2

Absentee Owner: No

Security on Lease: Yes

Lease Option: Renewal option is available.

Location

Real Estate: N/A

Real Estate Included: No

Monthly Rent: $4,000

Type of Location: Storefront, warehouse

Franchise: No

Relocatable: Yes

Summary

Reason For Sale:

Relocation

Training & Support:

Seller provides training for 4 weeks at no cost.

Owner Qualifications:

Technical knowledge is a plus.

Financing/Terms:

$160,000 is financed for 24 months at 5% (monthly $7,019).

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING OWNER