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Asking Price: $99,900.
Adjusted Net (SDE): $180,000+.
Annual Revenues: $335,000, and growing!

“Hit the ground running…” with established customers, excellent ratings, and great market exposure!

If you don’t need financing and you can close quickly, we welcome your “aggressive” (but reasonable) offer.

Major appliance 'factory-authorized' service provider, 40 years. Diamond Certified 96% 'Very Satisfied' rating. More demand than they can handle, adding a technician could double sales & profits. Owner takes 3-day weekends off & at least one 3-week vacation. Sales of $350K generate $180K SDE.

Sales of $350K generate $180K SDE. Asking price for the entire business is $99,900, approximately 40% of annual gross revenue / 55% of SDE

This appliance service company provides excellent 'factory-authorized' appliance repair with a sterling reputation for almost 40 years. It is a 'Diamond Certified' company, the first in Santa Clara & San Benito Counties. The current owner acquired the business 20 years ago, after having spent many years as an employee. Based on Diamond Certified random customer surveys, they enjoy a 'very satisfied' rating of 96%.

For the past 12 years, the business has specialized in the repair of only the best quality brands, such as Sub-Zero, Wolf, & Scotsman, as well as KitchenAid, GE, Dacor, and Bosch, among several others.

There is more demand for their services than they can handle, so adding an additional technician could double sales and more than double profits. Currently, the owner-manager handles all the technical service calls. He operates from a home office and, therefore, has no rental expense. He typically takes 3-day weekends off and at least one 3-week vacation every year, plus all holidays; the revenue generated supports a lifestyle of personal freedom. A new owner could increase the hours worked and/or hire a technician, with plenty of demand to generate additional sales and profits.

Sales are about $350,000 per year, with Seller's Discretionary Earnings ('SDE') of about $180,000+.

An extensive customer database, a decades-long telephone number, factory-authorizations, and years of market exposure and presence are invaluable intangible assets a new owner would acquire.
Equipment, trailer, and inventory also available at a price to be negotiated: a purpose-built utility trailer containing all necessary tools, instruments, and equipment (valued at approximately $25,000). Parts inventory is typically about $15,000.

The Transaction: The asking price for the entire business is $99,900, approximately 40% of annual gross revenue / 55% of SDE. This includes website, long-established phone numbers (408, 650, & 830 area codes), name, customer database, manufacturer relations, and a reasonable period of training and management transfer consultation from the seller (length of time to be negotiated). It would not include the sub-S corporate entity, cash-on-hand, accounts receivable, accounts payable, or tools equipment and parts inventory (available at cost to be negotiated).

Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does not represent the Buyer.

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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.