Established Computer Store Katy, TX

Katy, TX (Harris County)

Buy, sell and repair Computers and Cell-Phones
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Asking Price: $450,000

Cash Flow: $100,000

Gross Revenue: $500,000

EBITDA: $100,000

FF&E: $250,000

Inventory: N/A

Rent: $5,000 /Month

Established: 2017

Established Computer Store Katy, TX

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Business Description

Why buy new when you can save on pre-owned?

We are a thriving business that sells and repairs computers and cell phones. Some of the key particularities of our store:

1) Ranked #1 store for worldwide sales in March 2018
2) Has remained top 25 store worldwide in all of 2018
3) Enjoys ongoing profits
4) Has over 2000 customers and repeat customers
5) Ranked top service provider in Katy, TX with approx 5-star rating across platforms
6) Is an official approved vendor for Katy ISD and has recurring income with the customer

Buying our business will save you about 3 years time in getting to ongoing profits, 20% of original investment and enjoy the cash inflow from day 1.
Business carries inventory to produce sales of about $70,000 per month (with retail valuation of $350,000)
We have invested about $150,000 in assets and safety equipment.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,400
Lease Expiration:
3/1/2022
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Location, location, location! We have a custom made retail store in one of the most thriving shopping centers of Katy. Invested over $70,000 in interior design and build. It also includes all furniture ($120,000) and repair equipment to perform Computer and Cell-phone repairs, with some state of the art technology ($30,000)
Competition:
Katy is the fastest growing market in the Houston area. Reports indicate that by 2030 Katy will be the population center of Greater Houston. Our store is unique in many ways, including the level of expertise we demonstrate and ability to sell used electronics and provide financing for our sales. Current top 5 stores produce over $1 million in revenues annually
Growth & Expansion:
Unfortunately given some personal constraints, we have not been able to expand to our local business community, it would require additional time and networking that we cannot perform at the moment, there is probably another $30,000 to $40,000 in sales per month just on that effort. In addition, there are multiple other avenues of revenue to exploit, that we currently cannot implement, given our time constraints.
Support & Training:
We will provide ongoing and in-store support for the transition for 3 weeks + additional 3 weeks of remote support and on-call support. In addition, the franchise provides technical support and training upon request.
Reason for Selling:
Recent family matters & personal life changes limit my possibility to be present
Franchise:
This business is an established franchise
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Business Listed By:
TSVS Group

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