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Business for Sale Summary

50 year old electronic store - 22732

Business Type: electronics & technology,new to market
50 year old electronic store
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Financial Information (non-confidential)

General Information
Asking Price $225,000 Down Payment $195,000
Gross Revenues $2,440,000 Lease Remaining Register Free to View
Owner’s Cash Flow $34,700 Number of FT Employees Register Free to View

Financing

$195,000 Down and 30,000 at two years six %

Business Description

Situated in a large orthodox Jewish neighborhood this much-loved Brooklyn electronics store with 3,000 square feet of retail space, and another 1600 square feet of storage below. Build on current owners strong ties to suppliers, steady customer base, and a solid reputation based on 45 years of experience. Great opportunity for new management and staff to come in with fresh ideas and expand into the 21st century. Fixtures, computers, furniture, photo lab developing machine, trash compactor, other items included in sale. Trendy location, successful operation, but there is limited parking. Your competition? Mostly Amazon and other online merchants. Store ships appliances and electronic products locally and across the country. Expand on their well-established contracts with cities, townships, schools, and corporate accounts. Management will work with new owner to ensure smooth transition.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.