Cell phone store for sale motivated seller 001200
Cell phone store for sale motivated seller!15-year established national franchise wireless service provider is available for acquisition. With the low-cost and affordable telecommunications market, this nationwide retailer is known as the top-performing cellphone retailer compared to the competition. The business provides various services/products, such as new phones with new plan activations, phone upgrades, phone accessories, and other add-on features like insurance. The current owner established this business in 2007 at a different location but relocated to the current superior location 10 years ago. This business operates out of a 950 SF retail strip center end cap anchored by a movie theater adjacent to the business and other national retail businesses, creating organic foot traffic. This business has enjoyed many activations, accessory sales, # of payments, and a relatively high retention rate throughout the past few years. 2021's gross sales were $422,000 and are projected to reach over $500,000 in 2022. The average monthly activations are 130-140, the amount of accessories sold is approximately $3,500-$4,000, and the average payments are $13,000 and over 200.
Currently, the corporate provides most marketing across nationwide platforms, but the current owner does no other marketing. By implementing direct marketing, social media, and online marketing and providing specials to attract new customers from the untapped areas of the city, the business can enjoy an overall increase in revenue in the short and long run. The owner is minimally involved in the business and is run as a semi-absentee. The two associates handle day-to-day operations, and the business is efficiently run autonomously by the associates. The owner's main roles are keeping books and records up to date, payroll, and helping the associates only as needed. This opportunity is suitable for those buyers who already own a similar business and wish to expand or those who wish to be minimally involved while enjoying passive income.
Down Payment: $40,000
Total Sales: $479,378
Cash Flow: $46,668
Inventory: $63,000 (Not Included in listed price)
FFE: $5,000 (Included in listed price)
Owner Financing: No
Franchise: Yes
Real Estate: No
Relocatable/Home-based: No
Reason For Sale:
Personal reasons.
Training & Support:
The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.
Year Established: 2007
Employees: 2FT
Absentee Owner: No
Square Footage: 950 SF
Facilities Information:
This business is located in a 950 SF end-cap retail center anchored by a movie theater and several other national retail businesses and restaurants. It is conveniently located next to a major highway, and the large signage is easily visible. The security and theft issues are non-existent due to the security patrolling the shopping center at night.
Competition:
One direct competitor is within the immediate market area across the highway. Still, the competitor has its own demographic and doesn't affect the sales of this business due to its superior location, visibility, and great customer service.
Potential Growth:
Corporate provides a majority of all marketing across nationwide platforms. The greatest asset for both businesses is the consistency and steady growth the corporate provides through year-round marketing. To further grow sales, more proactive online and direct marketing is needed to acquire new customers from the untapped area and realize its full financial potential.
Financing/Terms:
100% down at the time of closing.
