Fast Growing Metro by T-Mobile in E. Dallas 001242
Established national franchise wireless service provider with growing revenue 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. This business was originally established in 2017 and acquired by the current owner in 2018. This business operates out of a 1400 SF end cap of the retail strip center anchored by a prominent national grocery chain and other national retail businesses, which creates organic foot traffic to the business. This business has been growing year-over-year except for a slight decline during Covid. The business generated 380k in revenue in 2021 and is on track to hit a record high of 480k in 2022. 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. This opportunity is suitable for those buyers who already own a similar business and wish to expand or for those with industry experience to start their entrepreneurship.
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The owner of the business will provide the necessary training for a period of two weeks.
This business is situated in an endcap 1,400 SF space of a retail strip center anchored by a national grocery chain store along with many prominent national retailers and bank that brings immense traffic to the area.
Few competitors are within the immediate market area for this business, but competition in this industry is unavoidable. Although competition can be steep, the population of the local area and loyal/reoccurring customers provide consistency with steady growth.
Corporate provides a majority of all marketing across nationwide platforms. The greatest asset for both businesses is the consistency and steady growth that corporate provides through year-round marketing. Having great salespeople will also assist in growing the business through additional product sales.
100% cash at closing.