Broker Name:Stephen Lee
Broker Email:info01@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Owner Absentee Phone Repair Business in Luxury Mall
(Services)
Dallas, Texas
Listed Price: $ 85,000
Listing ID: 000912

Listing DetailsDown Payment: $ 42,500
Gross Revenue: $ 224,812
Cash Flow: $ 82,253
FFE: $ 50,000 (Included in Price)
Inventory: $ 8,000 (Included in Price)
Reason for Sale:

Other Opportunities


Training & Support:

The owner of the business will provide sufficient training needed to smoothly transition into the business operation.


Listing SummaryBusiness Description:

Owner absentee phone repair kiosk in a prime location luxury mall is available for acquisition. This business was established in 2013 by the current owner of the business. Most of the customers consist of middle-class young adults and walking traffic inside the mall attracted by the numerous nationwide retailers as well as locals in the nearby densely populated residential neighborhoods. The mall is consistently growing in traffic each year as population grows and more tourists visit by to shop at all the nationwide retailers within this mall. Gross sales average was $180,000/year in 2018 that has been consistent over the last several years of operation without any marketing. Although the business website provides some form of marketing, other proactive marketing methods needs to be utilized to generate more cash flow and acquire new customers from the surrounding area. Competition is normally expected for this type of business, but this business is the located right in the center of the customer walking path and has no competitors within the mall to truly compete with this business. There are many ways to proactively market this type of business such as direct mailing, expand current services, social media outlets, adding retail items and full-time owner involvement. Having a full-time owner operator will allow the business to cut down on payroll expenses to increase cash flow while also bringing in more customers through customer relations. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operations.


Competition:

There are no competitors within the immediate market area.


Potential Growth:

There is no marketing in place other than their business website at the current time.


Financing/Terms:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 120
Facilities:

This business is located in a 120 SF kiosk in a high-end mall surrounded by nationwide retailers as well as some local businesses that attract customers to this mall.


OperationYear Established: 2013
Employees: 1FT/1PT
Absentee Owner: Yes