Great Money Maker - Chain of four Car Stereo stores, three are in LA countly and one is in OC. They sell and install car stereos, DVD players, GPS, security, rims and tires and tint. Each store has 1-2 installation bays that can fit 3-8 cars. There is manager in place in each store, salespeople and technicians-installers. It's a well-oiled machine. The owner is involved in marketing and purchasing only and spends around 8-10 hrs/wk on these stores - practically ABSENTEE situation.
These stores generate around $540,000 net income, based on 2008 numbers! Net income in 2007 was even greater. The business is priced very competitively at $949,000 + inventory, less than 2 times the net income. Full inventory is necessary to maintain existing business model - every item is available in stock and ready to be installed immediately. Most similar businesses don't have all items in stock and order them as needed, allowing 2-3 days for delivery.
The owner got involved in other ventures that require him to leave the country.
You can buy a package of 2, 3 or 4 stores if desire. Buying a package offers you a great bargain deal. Contact Jacob Berenfeld at 714-434-2663 for more details.
| Property/Lease |
| Rent: |
$26,500.00 |
| Expires: |
2009 |
| Option(s): |
9 |
| Deposit: |
$9.00 |
| Terms: |
9 |
| Misc. info: |
9 |
| Landlord: |
9 |
| Size (Sq. Ft.) |
16500 |
| |
| Financials |
| Land/Bldg: |
$0.00 |
| Land/Bldg included? |
No |
| FF and E: |
$400,000.00 |
| Inventory: |
$600,000.00 |
| Inventory included? |
No |
| Monthly Sales: |
$346,500.00 |
| Monthly Cashflow: |
$45,000.00 |
| Annual Cashflow |
$540,000.00 |
| Price: |
$949,000.00 |
| Down: |
$949,000.00 |
| Rate: |
0 percent for 0 Months |
| Payment: |
$0.00 |
| Terms: |
Terms |
|
