2-Location Fast Growing National Franchise Cell Phone Repair Shop

Dallas, TX (Collin County)

Seller Financing Available
2-Location Fast Growing National Franchise Cell Phone Repair Shop
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Asking Price: Get Financing: $100,000

Cash Flow: $89,271

Gross Revenue: $494,144

EBITDA: N/A

FF&E: $80,000

Inventory: $40,000*

Lease Rate: $2.90 /SF/Month

Established: 2016

*not included in asking price.

2-Location Fast Growing National Franchise Cell Phone Repair Shop

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Business Description

Two-location industry leading national franchise cell phone repair stores located in high-income areas with dense population is available for acquisition. Both business locations were originally established in 2016 by the current owner of the business. Most of the customers at each location are upper-class individuals which live in the surrounding densely populated residential neighborhoods that require immediate repair services for various electronic devices. The franchise itself has grown from 200 locations to more than 500 locations within last 3 years nationally and from 3 to 17 in the past 3 years locally and still expanding. Combined gross sales average for these businesses were $500,000/year that has grown considerably in sales compared to previous year due to hiring a salesperson to upsell and provide customer service and the highly rated reviews and comments from the customers. Although much of the marketing is done online in many social media outlets, other proactive marketing tactics can be utilized to maximize growth of the business in gross sales and acquisition of new customers that has yet to hear about this franchise. Competition can be expected for this growing industry, but these businesses provide lifetime warranties at any of the locations locally and nationally and use quality parts that attract customers by their workmanship compared to the competition. There are many ways to proactively market this type of franchise such as direct mailing, wholesale accounts (schools, small companies, B2B), membership program, door hangers and full-time owner involvement. Operating the business as an owner absentee has advantages, but a full-time owner-operator will help the quality of service given at each location and cut payroll expenses spent on additional employees. These businesses have everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operation.

Listing ID #000724
For more info, please call Kevin Chung at 1-866-519-2421.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
800
Lease Expiration:
N/A
Employees:
2FT/4PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The main business location is placed in a 800 SF high-end retail strip center that is surrounded by nationwide retail stores, restaurants, and supermarket. The second location is placed within a 1,000 SF retail strip in a well-known shopping center that has many restaurants and small businesses. Equipment at all locations is in impeccable condition and in working order.
Competition:
Few competitors are within the city of each business, but these businesses compete by providing same day service and lifetime warranties that work for multiple locations throughout the US.
Growth & Expansion:
Some marketing is done online through social media outlets for each location, but other proactive marketing methods needs to be utilized to generate more cash flow and acquire new customers.
Financing:
100% down at the time of closing or 50% down for Seller Financing for Qualified Buyer
Support & Training:
The owner and/or management will provide the necessary training needed to smoothly transition into the business operation.
Reason for Selling:
Other Opportunities
Franchise:
This business is an established franchise
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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

www.v-aidgroup.com

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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