Sold. Vacuum Retail And Repair Shop Business

VR Business Sales Presents: This 36 year old vacuum cleaner retail and repair shop offers a great reputation and a fantastic location in central west Edmonton. Our seller has owned this business for over 15 years and 65% of this business’ sales are from retail sale of vacuums and accessories and the other 35% is from servicing vacuum cleaners. Some of the servicing is on site and some of it is done in clients’ homes. Seller has 1 full-time employee who has been there for 2 years. Seller is asking only $275,000 for the business including inventory which is currently at $130,000. Sales revenues in 2011 are $353,000 and seller’s discretionary earnings are $89,000 in fiscal 2011. Sales have increased substantially during the first 6 months of 2012 and are expected to be at $370,000 with discretionary earnings. Seller is willing to stay and train. Anyone who is handy can do well in this business, no formal training is required. Seller will stay on 1 month and train new owner to service vacuums.