Seller Financing Available
Get into the Billion Dollar iPhone, iPad & Galaxy S Repair Business
Nearly turn-key business w/ $200,000 of 2013 revenue.
This business currently fixes iPhones, iPads, and Samsung Galaxy S phones. It's a multi-billion dollar industry and growing. This is your chance to get in on something that could be big.
This business is located in Madison, WI and is already staffed with two highly-qualified, and personable technicians that can handle all repairs and customer service issues. For the past year, they've been running the business single-handedly. Just get them parts and supplies and they can do the rest.
Is this really a multi-billion dollar industry?
Most definitely. Think about this: Last year Apple sold 50 million iPhones in the 4th quarter alone. According to research, about 11% of all iPhone users crack their iPhone screen in the first year of ownership. Average cost of an iPhone repair is about $100.
50 million x 11% x $100 = $550 million in possible repair revenue.
And that's just for iPhones sold in one quarter! It doesn't count iPads (which Apple sold about 25 million of in the 4th quarter of 2013), the 100's of millions of iPhones and iPads sold in previous quarters, or Samsung Galaxy S phones (which have now sold more than the iPhone).
It's a massive market.
Who should buy this business?
I believe there are two ideal candidates:
1) Someone that owns a computer repair business and is looking to expand into the super hot mobile phone and tablet repair industry. You get to add two technicians and $200K in revenue with minimal effort.
2) Anyone interested in owning a business that needs a little TLC to get it rolling. As I've said, this is running smoothly in terms of day-to-day operations but it is struggling a bit to get more people through the door. This is because my focus has been on our other locations (in Chicago and Seattle). If someone with a marketing and business mind buys this and devotes some time and attention to marketing in the Madison, WI area, it should grow significantly.
Why are we selling this business?
We currently have 4 locations: 1 in Chicago, 2 in the Seattle, WA area, and this one in Madison, WI. We've decided to really focus on our two biggest markets - Seattle & Chicago. We plan to add 3 or 4 more stores to each of those markets over the next year. As a result, we don't have the time to really focus on this Madison store to help it be as successful as it could be.
What do you get when you buy?
I've already mentioned the two great employees but I'll say it again. They really are fantastic with both the devices they fix and the customers they help.
You also get access to all the suppliers we currently use, training on our repairs, all the tools and equipment you need, and, if you want it, a great location on University Avenue (it's a retail space just west of Hilldale Mall with its own parking lot). The lease on our space ends on May 30 but you should be able to easily extend that.
We also have a great website and point-of-sale system that tracks customers, orders, warranty issues, and inventory. We've spent years really getting that system to work great. If you already have your own POS system and website, no problem. But this can be part of the deal if you need it.
We have a great online presence. We currently rank at or very near #1 in Google for our top keywords (like "madison iPhone repair"). This includes both paid ads, organic results, and Google local. We have a great Google+ page that includes 34 5-star real customer reviews (we don't pay for fake reviews).
We've spent a lot of time really building a great Google Adwords campaign and we'll happily turn all of that over to you.
Lastly, if you're interested, I'd be happy to offer help and support in transitioning the business over. The amount and duration of that support will depend on the final deal but it is something I'm willing to offer.