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A baby alternation of appliance food based in the Midwest is outselling the blow of the industry, according to billionaire broker Warren Buffet.

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Nebraska Appliance Mart has aloof four locations: Omaha, Nebraska; Kansas City, Kansas; Clive, Iowa; and Dallas, Texas.

The Omaha breadth is “the highest-volume home accoutrement abundance in the United States except for our new Dallas store,” Buffet wrote in his best contempo anniversary letter to shareholders.

He said that the Omaha abundance raked in added than $44 actor in a distinct anniversary aftermost year back it was active a advance angry to Berkshire Hathaway’s anniversary affair with investors.

“If you echo that amount to a retailer, he is not activity to accept you,” Buffet wrote.

The Omaha abundance about generates about $9 actor in sales weekly, according to his letter.

Nebraska Appliance Mart’s Dallas store.Facebook/Nebraska Appliance Mart

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Buffet didn’t accommodate any acquirement capacity on the Dallas store, which has been accessible for alone a year. On its website, Nebraska Appliance Mart projects about $600 actor in sales annually for that location.

By comparison Costco, one of the highest-grossing retailers in the US, generated $113.67 billion in sales in budgetary 2015 with 686 warehouses — which calculates to about $165 actor in sales per warehouse.

So how does Nebraska Appliance Mart accomplish so abundant acquirement per store?

Nebraska Appliance Mart’s new Dallas store.Facebook/Nebraska Appliance Mart

While it alone has four locations, anniversary abundance and accompanying administration centermost is massive, boasting added than 1 actor aboveboard feet. Walmart supercenters, by contrast, are about 180,000 aboveboard feet, and Costco warehouses are about 143,000 aboveboard feet.

Nebraska Appliance Mart’s Dallas store, for example, has 560,000 aboveboard anxiety of retail amplitude absorbed to a 1.3-million-square-foot warehouse.

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The abundance offers hundreds of altered kinds of couches, emphasis chairs, rugs, dining tables, mattresses, and added furniture, as able-bodied as kitchen accessories and laundry machines.

Nebraska Appliance Mart’s new Dallas store.Facebook/Nebraska Appliance Mart

It additionally has a “man cave” area, featuring basin tables and bold tables and an electronics administration featuring flat-screen televisions, smartphones, and bold consoles.

Employees in the store’s architecture flat will advice barter put a allowance of appliance calm or baddest countertops, flooring, and backsplashes, which the abundance additionally sells, according to The Dallas Morning News.

The abundance additionally has an advancing appraisement policy.

Nebraska Appliance Mart’s new Dallas store.Facebook/Nebraska Appliance Mart

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It will bout added retailers’ prices and action an added 10% off if shoppers acquisition a cheaper price.

The aggregation stays aggressive with online retailers by application electronic price tags, which allow Nebraska Appliance Mart to apace acknowledge to promotions offered by competitors, such as Amazon, Best Buy, Home Depot, and Walmart.

Nebraska Appliance Mart was founded in Omaha, Nebraska, in 1937 by Russian immigrant Rose Blumkin, who formed at the aggregation until her afterlife in 1998 at age 104.

Nebraska Appliance Mart in Omaha, Nebraska in 1950.Facebook/Nebraska Appliance Mart

Buffet acquired 90% of the business for $60 actor in 1983. Here’s what the aggregation says on its website about the acquisition:

“Investor Warren Buffett and [Blumkin] acclimated a simple handshake to allowance the acquirement of 90% of the business for Buffett’s Berkshire Hathaway portfolio in 1983. The ‘Historic Omaha Handshake’ additional a simple two-page accounting acceding were all that were appropriate — no analysis of the store’s books, no account of its merchandise.”

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Warren Buffett at Nebraska Appliance Mart.AP

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