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Home Appliance Retail and Repair - West MI

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Business Summary:
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Multi-generational company with 95 years of local reputation as a family-owned business is now available for purchase! Current owners are the third generation of ownership. The business provides sales of new and used home appliances, including Maytag, Frigidaire, Whirlpool, KitchenAid and Amana, as well as repair, parts and installation services. Strong community ties and a solid reputation keeps clientele loyal, and word of mouth referrals are common. This company is being sold with $360,000 of new appliance inventory, as well as real estate with an estimated market value of $600,000. Owners are ready for retirement and are looking for the next family to take over this successful store.

Listing ID:
LCC-21125290-15  (listed and offered through an affiliate partner)
Location:
West Michigan
Type of Business:
Retail Sales and Repair - Home Appliances
Asking Price:
$540,000 plus inventory and real estate available for purchase or lease
Gross Revenue:
$2,045,962  (2020)
Cash Flow:
$199,516
Inventory:
Plus Inventory ($360,000)
FF&E:
Established:
Over 95 years
Employees:
Owner plus 9 EEs

Facilities / Lease Terms:
Owned and available for sale. 2 buildings on corner lots located diagonally from each other.
  • Parcel 1 - .55 ac, 318 ft. total frontage, 14,660 sf building, currently warehouse space.
  • Parcel 2 - .36 ac, 250 ft. total frontage, 7460 sf building, currently retail space.

Real Estate:
This property is owned.

Growth Opportunity:
Expansion of service staff and comprehensive marketing program will increase sales even more.

Competition:
Competes strongly with big box stores offering exceptional service and premium product lines.

Financing:
​Assistance with SBA financing available.

Support & Training:
The Seller will provide training to help the purchaser take over providing for a smooth transition. 

Reason for Selling:
Seller is looking to retire.

Broker Contact:
Frank Cobb – Advanced Business Advisors, LLC
Direct: 231-750-1400     Fax: 231-733-0941
E-mail: Frank@AdvancedBusinessAdvisorsLLC.com

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    For more information please complete information below:

Click here to Submit

*The broker has made no investigation of the above information, prospective buyers must accept all due diligence responsibility. 
​Above information is subject to change and/or correction and should not be considered binding.
Advanced Business Brokers     501 W. Willard Street, Kalamazoo MI 49007    Phone: 269-903-8143

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  • HOME
  • About Us
    • Meet the 'A-Team'
    • Why Choose Us
    • Webinars and Events
    • Career Opportunities
  • OUR SERVICES
    • Buy / Sell / Value A Business >
      • How To Sell My Business
      • How To Buy A Business
      • What's Your Business Worth
    • Access to Capital
    • Grow Your Business Value
    • Exit / Transition Planning
    • M & A Buyside Advisory
  • Businesses For Sale
    • Michigan Listings >
      • Large Michigan Based E-Commerce
      • Steel Mfg Metal Fabrication - West MI
      • Home Appliance Retail and Repair - West MI
      • Industrial Building - Athletic Training Facility - KCRE
      • JB's Whiskey
      • MFG - Wood/Plastics E-commerce Direct to Consumer
      • Hobby Farm Tractor Dealer Sales /Service
      • Contract packaging/blending company
    • Indiana Listings >
      • Retail Kayaks, Canoes and Paddleboards - Bristol IN
    • California Listings >
      • Pharmacy in Orange Co
    • Buy Side - Active Buyers >
      • Active Buyers >
        • Buyer Looking for Distribution
        • Buyer Looking for Commercial Cleaning
    • Recent Transactions >
      • SOLD - LTC Pharmacy - So. California
      • Sold - SWMI - Logistics Company
      • SOLD - Distributor & Installer of Automatic Pool Covers - West MI
      • SOLD - Cheesesteak Grill - Oceanside CA
      • SOLD - Electrical Contractor - SW Michigan
      • SOLD - Midwest Specialty Mfg
      • SOLD - Midwest Contracting Business
      • SOLD - Bar / Restaurant - Kalamazoo MI
      • SOLD - Bar / Nightclub / Concert Venue - Marshall MI
      • SOLD - Apple Service Business - Lansing MI
  • Main Street Market Maker
    • Why Business Owners Use Main Street Market Maker
    • MSMM Businesses For Sale >
      • Well Run Winery - Southwest MI
      • Vending Business - Southwest MI
      • Adult Day Care (2 Locations) Kent County MI
      • Rapidly Growing Food MFG and Catering - Marquette MI
      • Screen Printing SW Michigan
      • Iconic Family Breakfast Lunch Restaurant SW Michigan
      • New American Cuisine Breakfast Lunch Restaurant
      • Pizza and Ice Cream - West MI
      • Yard Service Business SE Michigan
      • Holistic Wellness Spa ASSET Sale
    • Recently Sold >
      • SOLD - Pest Control Business – Southwest Michigan
      • SOLD - Garage Door Co - Southwest MI
      • SOLD - Shades of Lavender
    • Small Business Loan Options
    • Market Analysis Report
  • Links / Resources
  • CONTACT US