This is a profitable, semi-absentee, turn-key business with appropriate staffing in place. This business actually thrived during the COVID pandemic, as sales increased over 30% in 2020.
This business sells and installs premier audio and home theater systems to provide an immersive audio and visual experience, with exclusive agreements with many of the high-end audio brands. Product lines are carefully selected to provide the best quality components at the best value.
NOTE: There is approximately $350,000 of floor models listed as FF&E.
The current owner purchased the business in early 2016 and has built it up to its current sales level by implementing improved processes and effective employee training. The business has been open since 2004, and the current staff has collective experience in the audio/visual industry of over 25 years. Back in 2017, the current owner increased efficiencies and significantly improved profitability by ditching the retail model and moving to a smaller, less-expensive location. At the same time, full-time staff was reduced from eight to two to focus more on the true audio enthusiast for sales and revenue growth.
This business has the competitive advantage of being the sole distributor in Utah for several high-end audio brands, with a dedicated customer base that is frequently looking to update and expand their home theater/audio installations. In addition, this business is known for its commitment and expertise in fine stereo systems. There are five other similar businesses within a 40-mile radius; however, most competitors refer clients seeking the premium brands to this business.
The business is currently profitable with very little effort from the current owner; however, a new owner could grow the business by taking a more active role, as well as increasing marketing efforts and working to develop more relationships with luxury home builders.
Showroom with double high warehouse/garage
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