Appliance warehouse outlet(Openbox outlet)

1. Store size: 4,400 sf
2. Business hours: 10am~6pm(7days open)
3. Rent & Increase: $9,600(Include CAM & Utility), 4%
4. Lease & Deposit: New lease need(1year left), One month rent fee
5. No. of Employee: F 1, P 1($3,400)
6. How long owner work per week: Semi absentee
7. How long Estab: 07/2015
8. How long current owner: 07/2015
9. Reason for sale: Retired
10. Monthly Gross sale: $33,000
11. Monthly Net income: $8,000
12. Asking price: $245,000(Include inventory)
13. Comment:
This is a business that sells openbox home appliances. Currently, we are selling Samsung and LG washing machines, gas ranges, refrigerators, dishwashers, and microwave openbox products at half the price of homedepot. This business also sells new winecoolers, hoods, airconditioners, and openbox products, including products from brands other than Samsung and LG.
These days, the mortgage interest rate is high and there are not many home sales, so this business' sales are not high these days, but I am sure that when the mortgage interest rate goes down again and home sales become more active, this business' sales will also increase.
The asking price includes all inventory, equipment, delivery trucks and forklifts.