6 Year Established Cell Phone Repair Store in High Income Neighbodhood

Fort Worth, TX (Tarrant County)

6 Year Established Cell Phone Repair Store in High Income Neighbodhood
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Asking Price: Get Financing: $225,000

Cash Flow: $142,161

Gross Revenue: $416,470

EBITDA: N/A

FF&E: $15,000

Inventory: $13,000*

Lease Rate: N/A /SF

Established: 2012

*not included in asking price.

6 Year Established Cell Phone Repair Store in High Income Neighbodhood

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Business Description

Prime location cell phone repair store in the West Dallas area is available for acquisition. This business was originally established mid-2012 by the current owner of the business. The business is placed within a retail strip center that is surrounded by heavily populated residential neighborhoods. Most of the customers are middle to upper class individuals making an average of $75,000/year comes from these densely populated residential neighborhoods as well as from all around the local area of the city looking for a quick repair service for their cellular devices. The net sales have been consistent over the last several years of operation due to their superior services compared to other similar businesses. Marketing has been done throughout the last several years with print and internet Ads, but other forms of proactive marketing is needed to generate more revenue and acquire new customers. Although b2b isn't the most optimal source of increasing sales, these business can utilize b2b services for the nearby schools, companies, public facilities, and local businesses. Another method of generating more revenue would be to strategically place new locations within heavily populated residential cities or placing the new location within a corporate area where b2b services can be utilized to its full potential. Competition can be expected for this type of business, but most individuals within the local area come to each location looking for quality services instead of low-priced mediocre service. This business provide a wide range of products and services such as iPhone repair, Samsung galaxy phone repair, broken screen repair, tablet repair, phone accessories, protection plans, and warranty services for each product. This cell phone repair store has one-of-the-most competitive price points within their areas and just needs a little bit of proactive involvement from a potential buyer to generate more revenue.

Listing ID #000642
For more info, please call Moon Kim at 1-866-519-2421.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
2FT/1PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is within a 1,100 SF retail strip center with low cost to build and can easily acquire customers through superior service instead of pricing. All equipment is in impeccable condition and in working order.
Competition:
Competition is expected for this type of business, but this business provide superior customer service and warranty services that other competitors can't replicate.
Growth & Expansion:
Some marketing is done through print and internet Ads, but proactive marketing to individuals instead of businesses is necessary to generate more revenue.
Financing:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu
Support & Training:
The current owner of the business will provide the necessary training to provide a smooth transition into the business operation.
Reason for Selling:
Other Opportunities
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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. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. 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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