Established Cell Phone / iPhone Repair Store

Columbia, SC (Richland County)

Inside from south east corner.
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Asking Price: $65,000

Cash Flow: $54,000

Gross Revenue: $120,000

EBITDA: $54,000

FF&E: $10,000

Inventory: $8,400

Rent: $650 /Month

Established: 2017

Established Cell Phone / iPhone Repair Store

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Business Description

TURN KEY Profit Making Business

For sale is my well established iPhone Repair store. It’s is located in downtown Columbia, South Carolina. It’s the closest Repair store to University of South Carolina which makes it very popular among students.

Rent is only $650/ month with utilities included. It is located on Gervais St. which is the busiest street in Columbia. Has onsite parking in the side/rear as well as street parking out front.

Payroll is $2,280/ month Total being open 7 days a week. Employees are paid $10/hour and all are very experienced.

Other costs-

Accountant $250/month

Internet/Phone $75/month

Tekdry $250/month

Inventory Restocking $1200-2000 / month

Total costs of business ends up being roughly $5,000 a month. If you buy and work for yourself obviously the costs can drastically drop.

Building has a security system and the store has a complete surveillance system with live feed to any device.

Currently has 3 part time employees. I do not work at all, I basically over see everything through my phone and simply check in once or twice a week.

WITH the right attention and effort this could go from a business netting $50-55,000/ year to one making $80-90,0000/ year.

As of right now for 2018 we have collected $106,623 with over a month as a half to go. Projected to be $120-125,000 total for 2018.

As of right now we ONLY repair iPhones. No iPads, Samsung’s, LG’s etc. If the new owner were to tap into these markets it could boost income by 150%.

We are also the only store in the Columbia area with Tekdry technology. This can make water repair and data recovery very easy and convenient. It costs $250/month to have and can pay for itself with 3 repairs.

We have established social media including Facebook, Instagram, and snapchat. Facebook we currently have over 100,000 views on less than 10 videos.

4.9 star rating on Facebook. Would be 5 star but had one person leave a rating that wasn’t intended for my location. 4.4 star rating on google. Yelp fluctuates from 5-3.5 depending on which ratings it wants to recommend.

Up to date on all taxes, business owes nobody anything and no debt.

Comes with EVERYTHING. iPhones for resell, all parts inventory, lots of spare parts. All accessory’s. POS systems, chairs, couches, TV’s, chairs, MacBooks, photos.... everything!

Can provide training if needed. You will have access to all suppliers. Access to tech groups and forums. Etc.

I am only selling because I have another business that is requiring me to travel more and I would like to put all my attention towards that. This business is increasingly growing and the numbers will only go UP.

This is a stand-alone LLC and i am the ONLY owner. No franchise, no one gets a cut of the money, it is as simple as it gets and set up RIGHT!

CASH or bank wire only. No payment plans unless 60% down.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
650
Lease Expiration:
4/1/2019
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All inventory. Phones. Parts. Everything in the store will come with it.
Competition:
Two other phone repair locations nearby. This store focuses mainly on the students at University of South Carolina. We offer incentives as well as a friendly atmosphere that draws them to our store. Not only that, but our prices are much more reasonable for a college student to afford.
Growth & Expansion:
Will only continue to grow.
Support & Training:
Can provide training of all aspects to new owner.
Reason for Selling:
New business venture.
Franchise:
This business is an established franchise
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Business Listed By:
Cory Callaway

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