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Details - Information last confirmed on July 3, 2021
Independent Appliance Dealer for the Trades
Our firm presently represents for sale, on an exclusive basis a privately held independent appliance dealer. Located in New England, our client specializes in providing a full range of appliances to landlords, property managers, kitchen designers, home builders and multi-family contractors.
• The Company carries all major brands of appliances including Amana, Blomberg (Blomberg), General Electric, KitchenAid, LG, Samsung, Whirlpool, Viking, etc.
• Products carried include ovens, ranges, grills, cooktops, refrigerators, dishwashers and washing machines & dryers.
• It focuses nearly exclusively on serving contractors but does encourage retail customers to purchase.
• The Company operates from two different locations that have been longstanding locations in separate states. Both locations have convenient access to the major highways in the region.
• Both locations are leased, and both of the leases expire within the next eighteen months and can be renewed or terminated to fit the requirements of a buyer.
• Through an affiliate that will remain as a customer after the transaction, the Company can assist in meeting Minority Business Enterprise (MBE) requirements.
• The Company has a committed team of seasoned employees which includes a warehouse manager and several non-commissioned sales people.
• The owner is active in the day-to-day operations of the business and is prepared to stay for a reasonable transition period.
• This is an ideal acquisition for an existing industry participant who is looking to acquire a well-established reputation and market share or expand their current offering into the appliance segment.
To receive a Confidentiality Agreement for this opportunity, please contact broker.
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.