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Oreck Vacuums- The leader for over 34 Years

Michigan

Retail - Miscellaneous Retail | Retail - Home Furniture & Furnishings

Asking Price $700,000 Inventory  
Gross Income $2,130,000 Real Estate  
Cash Flow $264,000 Year Established N/A
FF&E N/A Employees N/A

* included in the asking price

** not included in the asking price

A rare opportunity to acquire established locations. 4 very profitable Franchised Units Tremendous brand awareness. Vacuums, air purifiers, floor cleaners- The best in the business. Typically no more than 2 to 3 employees per store. Certified managers in place at every location These are these are well paid salaried and commissioned positions. Total sales for 2007 $2.13 million. Reasonable rents , High margins. Unit level EBITDA over $264,000 for 2007. $110,000 cash down required. 10 year SBA financing available to qualified buyers.

Competition: Oreck has tremendous brand awareness and major national advertising. Professionally run and maintained stores gives a competitive advantage compared to independent locations.

Financing: 80% long term third party financing

Support/Training: Franchisor provides training. Certified managers in place at each store

Reason Selling: Parent company re-franchising company operated stores

AD # 364316

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