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How can i sell my cell phone, and cell phone repair store?

I am interested in selling a cell phone store that is located in Tampa, Florida. I have listed it on several sites already and have gotten some responses from other store owners who might be interested. However, I want to cover as many avenues as possible so I thought I would post it here to see what kind of help you may be. I'm really not selling an actual business as such since this business was only setup about a year ago and I'm only trying to recover the cost of the build out and some of the losses from rent and marketing etc so I'm really looking for a buyer who most likely already owns and operates one or more cell phone stores and is looking to expand. I am approaching it as just selling a build out and not as selling an actual business, because revenues have been small and there is not much to report really. Would it be possible to find a buyer without going through an appraisal, and without providing tax returns etc?

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The BAF Group LLC

Sam, businesses like yours are perceived to be a dime a dozen, and that is probably what you would be offered without some semblance of Tax Returns and a monthly set of P&Ls, which would hopefully show a pattern of growth over the year. Selling after that short a time suggests to the Buyer that it is a business that is in trouble. They are going to want to buy something that shows profits and a history of growth, as opposed to something that looks like it is going nowhere. You are going to take a loss, no matter who buys. No one is going to reimburse you for marketing costs that may or may not provide them future income, or Rent you have already occupied and does them no good. That just makes no sense. And even the build out is something they would buy at a discount, because you have already depreciated a portion of that. Sorry my friend, but I would go back to those other store owners and ask them to take it off you hands to minimize your losses.

Feb 19, 2014

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