Existing Pre Owned Apple Products Store Great Potential

VA

Seller Financing Available
Existing Pre Owned Apple Products Store Great Potential
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Asking Price: Get Financing: $200,000

Cash Flow: $47,450

Gross Revenue: $291,000

EBITDA: N/A

FF&E: $86,400

Inventory: $64,000*

Established: 2016

*not included in asking price.

Existing Pre Owned Apple Products Store Great Potential

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Business Description

Existing Pre Owned Apple Products Store Great Potential

This business is a one-of-a-kind concept. Nobody else specializes in selling certified pre-owned Apple® products, making repairs, taking trade-ins, and selling a full line of Apple related accessories in a retail environment. The business has a wide selection of Apple laptops, desktops, iPhones and iPads at incredible prices. The store offers out of warranty repairs, upgrades on all Apple computers and on selected Windows based computers. The products and services they offer are in high demand and can all be found in one place.

This is a young yet established franchise store with a great reputation in a close-knit community with a large population of Apple users. The location fills a need in a community that’s approximately 90 mins from the closest Apple store and absent of any local shops that service Apple. It provides a clean, professional and safe environment to Buy, Sell and Trade certified pre-owned Apple devices

The store is located in the heart of the retail district and about 1 mile from a private, all Apple, university with a user based of approximately 4000 students. With relationships already established with the local phone stores, PC repair shops and big box retailers, referrals are sent to us daily for service repairs and sales. Our continued growth is organic will minimal spent on social media and traditional advertising. Much of our advertising dollars are spent locally on community events, giving back to the community and building brand awareness.

The business has been well received by the community and shear excitement by the users that no longer have to make the trip to northern Virginia for their Apple repairs. While growth rates are some of the best in the franchise network and market is still very much untapped.

** Financials provided are for the first 56 weeks since the open on 12/05/2016.
** Cash flow only includes depreciation, interest and discretionary spending. 100% of profits have been reinvested in inventory and marketing.

Detailed Information

Inventory:
Not included in asking price
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1392 sq-ft in a brand new strip center, with plenty of parking, strategically located in the center of the retail area. 18 months of a 5 year lease fulfilled. The Schedule A package originally purchased, the complete sundries list recommended by franchisor. Security system, DVR and monitoring system. Complete buildout of out the store, data network and electrical per franchisor design. Paint and floor per franchise specifications. Office supplies, refrigerator, microwave, bathroom storage cabinet, packaging materials, and cleaning equipment.
Competition:
The competition is defined and understood. A small number of cell phone repair shops(kiosk) in the area but none offer the premium services as we offer. There is no competition for Apple Computer repairs within 30 mins of the store. Closes Apple store almost 90 mins away. Best Buy, less than 1 mile away, is one of our best referral sources. Many local PC shops recommend us and request our services for Apple computer repairs. The territory is not bordered by another Franchise. We clearly have a niche and unique business with an hour radius of our store.
Growth & Expansion:
The business has tremendous growth potential with referrals from phone stores, Best Buy, local PC repair shops and stellar social media ratings. Word of mouth referrals and returning customers account for ~30% of the business in 2018. In store training and offsite repairs, business and home, are regularly requested and an untapped market to be pursued. Out of store sales calls have yet to be seriously explored. Relationships with a local, all Apple, university are being fostered. With little competition locally, there are few limitations to growth
Financing:
75,000
Support & Training:
2-weeks management training provided by franchisor at World Headquarters in West Palm Beach, FL. 2-week technical and operational training provided by franchisor in store. Seller’s availability for cross training during transitionary periods and/or for short term consulting is negotiable.
Reason for Selling:
Other investments demanding owners time and attention.
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