Lg Electronic Retail & Wholesale

www.GlobalBX.com

Listing ID: 700176601

Listing Title: Lg Electronic Retail & Wholesale

Quick Link: http://www.globalbx.com/listing.asp?bId=176601

Industry: Retail

Industry Segment: Computers and Electronic Equipment Retail

Country: Canada

State / Province: British Columbia

Area

City: Chilliwack

Asking Price Range: $1.0M - $2.5M

Gross Revenues: $3,300,000

Cash Flow: $1,000,000

Cash Flow Type: EBITDA

Year Established: 2006

Number of Employees: 6 - 9

Business Description:
This company owns the exclusive rights to sell LG refurbished - latest models, brand new electronic and home appliances in Western Canada. Vendor operates with 4000 square foot retail space and 20000 square foot warehouse space with on-site certified technicians. This is a turn-key project. Vendor will train and remain as a consultant with the new owner for a few months. New Owner must be financially pre-qualified. For information, please contact Vendor's agent Philip at 604-721-7938 or toll free 1-800-295-2102 TRANSACTION OFFERING AS: Share Sales BUSINESS FOUND: 2006 PROPERTY OWNED: No BUSINESS PREMISES: approximately 26000 sq ft ADDRESS: Chiliwack, lower mainland BUSINESS HOURS: Monday to Satruday 0900 - 1730hr Year: 2010 2011 Projected: Annual Sales: 3,240,000 3,300,000 0 0 0 Cost of Sales: 1,654,000 1,550,000 0 0 0 Gross Profit: 1,586,000 1,750,000 0 0 0 Operating Expenses: 911,600 674,080 0 0 0 EBITDA: 674,400 1,075,920 0 0 0 Fiscal Year End: December 31 Property Tax: included Lease Term: 2014 Option: OPERATING EXPENSE FOR YEAR: 2011 Gross Rent: $ 213,000 Accounting & Legal: $ 2,000 Advertising & Promotion: $ 24,000 Automobile Expenses: $ 23,000 Bad Debt: $ 7,730 Bank Charges & Interest: $ 21,000 Insurance: $ 3,400 Licenses and Permits: $ 1,450 Management Fee (owner): $ 78,000 Office Maintenance & Supplies: $ 3,300 Repair & Maintenance: $ 4,800 Supplies: $ 9,600 Telephone: $ 8,000 Utilities: $ 18,000 Wages and Benefits: $ 242,000 Misc: $ 10,000 Others: garbage $ 4,800 TOTAL OPERATING EXPENSES: $ 674,080 EBITDA



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