Appliance, Lawn Equipment Sales & Service

Location: United States -> Kansas -> Iola
Industry: Retail > Other Retail

This appliance, lawn equipment, auto parts, and wireless phone retailer & service has been in the family since its inception in 1944. Located in the southeastern Kansas town of Iola, Kansas, this business has been a community fixture since the end of World War II. This business known as Western Auto is highly identified for miles around. With the current owners ready to retire, and no available family members left to operate it, they must sadly allow it to transition to a new family. This is good news for a prospective buyer; however, as the business has provided the income to raise and educate many children in multiple generations, and its sales and cash-flow remain extremely strong. Its location has been solidly planted in the county seat of a prosperous southeastern Kansas county. Remaining a strong, viable business for over six decades requires constant adjustments to market demands and fluctuations, which this business has excelled at. They continue to phase products and services in and out to keep up with the times. Very little advertising has been necessary as this business has been a well-known ”mom and pop” enterprise with an outstanding reputation throughout the region. Understandably, the owners treat this business like their own child, and they are looking forward to finding that capable entrepreneur, complete with home-town Kansas values, to pass this golden baton onto. This business is priced very well, and the owners are flexible with the terms. Current owner is more than willing to help the new owners make a complete and successful transition. Growth opportunities are numerous. This is the jewel of southeast Kansas!
Listed Price: $289,000.
Fixtures, Furniture & Equipment: $75,000 (Included in price).
Inventory: $60,000.
Days & Hours of Operation: M-Sa 8:30am-5:30pm.
Square Footage: 5,625.
Monthly Rent: $742.
Please email or call ABMI Mergers & Acquisitions at 913-341-6300 for more information

Financials

Asking Price Range: $250K – $500K
Gross Revenues: $551,651
Cash Flow: $111,225
Cash Flow Type: Sellers Discretionary Cash
Inventory: $135,000
Seller Financing: Not Disclosed

About The Business

Year Established: 1944
Number of Employees: 6 – 9
Relocatable: Yes
Franchise: No
Current Real Estate: Leased
Property: Property For Lease