Active
2023-07-15
Well established retail store specializing in the sale and installation of auto & truck electronic equipment including stereos, speakers & amplifiers. They also sell auto & truck wheels & tires, and do window tenting, and body & mechanical auto repair all of which which represents approximately 85% of the total business. Home furniture, beds, and mattresses under band names such as Coaster Furniture, Furniture of America, Crown Mark Furniture, and Home Elegance which accounts for approximately 15% of total sales. The facilities include a large show room and installation shop area. The store is located in a busy shopping center with frontage on Westheimer.
Listed By: Jeffrey Jones
Background information
Reference:
82492
Year established:
2010
Reason selling:
Wants to expand real estate investments
Finance
Sales:
$745,000
Profits:
$176,000
Profit type:
EBITDA
Operations
Employees:
2 store managers, 2 part-time sales people, and 4 techs.
Inventory:
$75,000 at cost.
Furniture fixtures and equipment:
Includes store counters, displays, shop lifts and related shop equipment.
Premises
Facility:
Retail store with large display room and shop area for installation of auto accessories, tires, & wheels.
Square footage:
7,200 Sq. Ft.
Rent and lease terms:
Gross rent is $6,180 p/m on a 20 year lease beginning 11-1-2015.
Location:
West Houston area
Price and terms
Price:
$495,000
Down payment:
$175,000
Financing:
Seller financing available. $175,000 Down Payment, and Seller Note for $320,000 5 years @ 6% = $6,186.50.
Training:
As needed