Location: Southern Oregon
Industry: Service Businesses
Established Consumer Home Appliance Warranty Repair Business
Business services all major brands of consumer electronics and appliance products. An estimated 90.0% of all sales are reimbursed through home warranty and manufacture warranty programs on products including: refrigerators, freezers, stoves, washing machines, clothes dryers, dishwashers, televisions, and other products. The varied product service mix includes: television sets, hook-up televisions, stereos, CD players, dishwashers, refrigerators, freezers, stoves/ranges, washing machines/dryers along with home entertainment and consumer industrial appliances. Multiple long-term successful relationships have been created with equipment/product manufacturers/warranty companies: Bosch, Dacor, Electrolux, GE, Samsung, Whirlpool and others. Also long-term successful relationships with contract companies: AIG, American Home Shield, Fidelity Home Warranty, Landmark Home Warranty, Residential Home Warranty, Electrolux, Whirlpool, and others.
Strong recurring income base with referrals from repeat customers and referrals from multiple appliance manufacturers.
Following operating metrics presented as a percentage of annual revenue for most current annual period for year 2019 include: total employee labor expenses including payroll taxes at 41.0%, cost of goods sold 15.0%, occupancy cost including rent and utilities 1.9%.
Time tested successful operating processes and systems in place on service and repair work performed. Includes creating a service ticket, intake, verification, triage, parts order, scheduling, service, claims made. Entire operations supported by trained administrative and technician personnel.
Owner financing provided for business/inventory to pre-reviewed buyers with $150,000 down, financed for ten years with monthly installments of $5,551.
Down Payment: $150,000
Total Sales: $607,000
Cash Flow: $186,000
FFE: $44,000 (Included in Price)
Inventory: $75,000 (Included in Price)
Terms and Conditions?:
Owner financing provided for business/inventory to pre-reviewed buyers with $150,000 down, financed for ten years with monthly installments of $5,551,
Reason For Sale:
Owner desires to retire
Training & Support:
Seller available for extended support and training period for new ownership in supporting their future success and growth. Additional period available on a consulting basis.
Year Established: 1997
Days & Hours of Operation: 9 am - 5 pm, Monday-Friday only
Owner Hours Per Week: 40
Monthly Rent: 750
Type of Location: Single story
Square Footage: 2100
Triple NNN lease with long-term assumable lease agreement. Rent 1.5% expense of annual revenue. 1600 square feet Shop & Office Space with numerous leasehold improvements, room to expand. Storage area/unit 500 square feet. Parking accommodates 15 spaces. (Home Based)
Within the business’s current geographic market place, many direct and indirect competitors have no interest or are reluctant to perform appliance or electronic warranty work. This provides the business a competitive edge in the market place.
Currently established contracts with the leading Extended Warranty/Home Warranty contract service providers and factory authorized for the majority of appliance manufacturers. Expanded fleet of 5 well maintained service vehicles and 5 direct trained technicians that service a diversified market in Southern Oregon and Northern California including 5 counties currently. Opportunity to expand into neighboring Southern Oregon and Northern California market currently not being serviced. Provide a credit card servicing purchase option not currently being offered for non-warranty work performed. Major growth area by expanding to the commercial appliance and related products repair and service markets.