Broker Name:Moon Kim
Broker Email:info@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Profitable Cellphone Repair Shop in Prime Mall Location& Computer
(Services)
Collin, Texas
Listed Price: $ 109,000
Listing ID: 000739

Listing DetailsDown Payment: $ 109,000
Gross Revenue: $ 173,866
Cash Flow: $ 63,544
FFE: $ 25,000 (Included in Price)
Inventory: $ 5,000
Reason for Sale:

Other Opportunities


Training & Support:

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


Listing SummaryBusiness Description:

Popular cellular repair store placed in a very reputable prime shopping center with a well-built customer base is available for acquisition. This business was established nearly a decade ago by the current owner of the business in 2010. Most of the customers are a wide range of demographics with ample amount of disposable income that live in the surrounding densely populated residential neighborhoods and walking traffic from the consumers driving on the major highway next to this business. Net sales average is projected to be $175,000 this year in 2018 and its profitability is going up as material cost is going down in a drastic pace. Although marketing is in place, other proactive marketing tactics needs to be fully utilized for this business to achieve maximum income capacity while gaining new customers that is within the local immediate market area. Competition is very small as this industry was only introduced in the mid-2000s, but the few competitors within the local area is mostly home-based and doesn't provide after sale services as well as warranties for the repairs. There are many ways to proactively market this business such as direct mailing, social media outlets, flyers, student discounts and full-time owner involvement. Having a full-time owner-operator in the business will be extremely beneficial to increasing quality of customer service as well as decreasing payroll expenses on additional employees or managers. 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 operation.


Competition:

Few competitors are within the immediate market area, but majority of the competitors are home-based and doesn't provide warranties as well as after sales support in which this business provides.


Potential Growth:

Some marketing is done though online methods, but other proactive marketing tactics needs to be utilized to generate more cash flow.


Financing/Terms:

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


LocationSquare Footage: 1458
Facilities:

This business is located in a 1,408 SF space of an open mall that is surrounded by many high-end retail and corporate businesses that has immense walking traffic throughout the day.


OperationYear Established: 2010
Employees: 1FT/1PT
Absentee Owner: No