Appliance & TV Business for Sale with Property

Located on Frontage Road off US Hwy 27 N.Boasting over 20,000 square feet of functioning retail, warehouse and storage space located on the main artery of Highlands County, US 27. The building is located in a high traffic area with excellent visibility. DOT traffic count of 33,000. This property is situated on 1.54 acres. The retail and warehouse unit comprises of 16,568 square feet, with a loading dock. It is currently occupied by a well known, exceptionally run Appliance and TV retailer. The back building encompasses 5 retail leasable units dimensions of 25 x 40, 3 currently leased with incremental upside opportunity. Also available for sale (See MLS #313021). Potential sale leaseback opportunity. Musselman Appliance and TV is a locally owned and operated company that has been in business for over 25 years. The company has grown to 11 employees and has over $3 million in annual sales. It is offered at 0.46 times revenue, with a clean balance sheet, no stale inventory, and solid profitability. Musselman’s has strong relationships with local builders, vendors, warranty companies and repeat retail consumers. The company is known for its reputation for exceptional customer service, and in depth product knowledge. It sells and services SpeedQueen, Electrolux, Frigidaire, Whirlpool, KitchenAid, Maytag, Amana and General Electric brands. Included in the sale are 2 delivery trucks and 2 service vehicles. Growth opportunities exist: 1) Expanding the service warranty side of the business. 2) The expansion of the website www.musselmanappliance.com. 3) The growth of Highlands County itself as it borders just south of Polk County the fastest growing county in Florida. The Building and Land are also available, (see MLS #313017). Financial Disclosure available to qualified buyers with a signed NDA.