PRICE WAS JUST REDUCED!!!
This company owns two car stereo stores in Orange Co. They sell and install car audio and video, security equipment, as well as wheels and tires. Car stereo is one of the most profitable businesses now days. It is a mature business - the stores were around for eight years. Both stores are strategically positioned in the area with suitable demographics on streets with high traffic. One store has a long-time manager, the other store is managed by owners. Net income of $2 MILLION includes adjustment for the second store manager's salary. The price is less than 2x net income, which makes this deal a bargain.
Seller will carry a SUBSTANTIAL note!!!
The purchase price doesn't include inventory of around $1 million. Partners would like to separate and force this sale.
We have other opportunities in car stereo field - retail and distribution, just call.
For more information contact Jacob Berenfeld at Global Business Group at 714-434-2663.
| Established, years |
8 |
| Bldg. Size, sq.ft. |
17,500 +8,500 |
| Number of Employees |
26 |
| Monthly Payroll |
$32,000 |
| Monthly Rent |
$31,000 |
| FF&E |
$250,000 |
| Annual Sales |
$5,300,000 |
| Annual Discretionary Cash Flow |
$2,185,000 |
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