Broker Name:Kevin Chung
Broker Email:info02@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Metro by T-Mobile
(Telecommunications)
Tarrant, Texas
Listed Price: $ 125,000
Listing ID: 000994

Listing DetailsDown Payment: $ 37,500
Gross Revenue: $ 863,459
Cash Flow: $ 80,461
FFE: $ 10,000 (Included in Price)
Inventory: $ 50,000
Reason for Sale:

Other opportunities


Training & Support:

While Corporate will provide comprehensive hands-on training, the current business owner will provide training and support to make the transition as seamless as possible.


Listing SummaryBusiness Description:

Nationwide prepaid wireless service provider in Northeast Fort Worth is now available for acquisition. This business was established by the previous owner in 2010 and was acquired by the current owner in 2016. This cell phone store is occupied in a 1,100 SF retail strip center located in the heart of densely populated residential neighborhoods and apartment complexes. One similar competitor is within the immediate market area, the location has been established for 10 years and has established customer base and because free accessories are given away occasionally, there are lot of repeat customers. Overall demographics of this business are low to middle-income individuals from the surrounding densely populated residential area. Various services are provided at this wireless provider store that ranges from new activation, reactivation, payments, accessories, and device upgrades. Average box sales and PPD (Production per Door) fluctuates depending on the company's promotion and in the last few years, the average PPD has been between 170-185 and approximately net payment fee of $750-$800/month. There are different tiers of principle dealers and since this business is under the Tier 1 principle dealer, the fees from the payments are higher than other stores. Although some marketing is in place by corporate, more of store-level proactive marketing methods such as social media outlet, flyers, direct mailing, emailing, promotion, student discount, etc. need to be utilized to achieve maximum income capacity as well as growing the customer base beyond the immediate market area. 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:

One direct competitor is within the immediate market area, but the competitor has its own demographic and doesn't affect the sales of this business due to in-store marketing such as free accessories and great customer service.


Potential Growth:

Some marketing is in place through corporate ADs, but other proactive marketing methods need to be fully utilized to generate more revenue.


Financing/Terms:

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


LocationSquare Footage: 1100
Facilities:

This business is located in a 1,100 SF retail strip center that is optimally placed in an area surrounded by densely populated residential neighborhoods and apartment complexes.


OperationYear Established: 2010
Employees: 2FT
Absentee Owner: No