Growing Appliance Repair Company for sale – Absentee Owner
Annual Revenue: $2,100,000
Net Cash Flow: $600,000
Location: Nassau County, New York
This well-respected service business has been a Long Island staple for over 70 years. The business provides prompt, professional, and courteous service and has been rewarded with an ever-growing and loyal customer base built almost entirely on word of mouth! The business practically runs itself, with the owner working only a few hours/per week.
The company’s professional technicians have expertise in repair service on all makes/ models of appliances ranging from washers/dryers, ovens, stoves, refrigerators, barbecue grills, etc. Specializing in luxury brand repair, the firm is the preferred authorized servicer for Viking, LaCornue, Lynx, Broan, and others and receives many referrals from both manufacturers and distributors. Recent technological upgrades implemented by management and ownership often facilitate same-day service improving profitability while simultaneously enhancing customer satisfaction.
The business is both recession and pandemic proof, as evidenced by its 35% growth year-over-year on topline numbers the last two years and an average bottom line spike of 30%! Scaling is easily accomplished through expansion of geographical service area, advertising/marketing, and adding complementary offerings such as dryer vent cleaning, BBQ cleaning, and maintenance contracts. Completing this outstanding opportunity is a fleet of service vehicles fully stocked, a tenured office team committed to providing exemplary customer service, a professional, factory-trained technical staff, and an owner willing to stay on for an extended transition.