Profitable Cell Phone & Computer Store in a Busy Mall !

Collin County, TX

Seller Financing Available
Profitable Cell Phone & Computer Store in a Busy Mall !
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Asking Price: $75,000

Cash Flow: $42,439

Gross Revenue: $183,466

EBITDA: N/A

FF&E: $35,000

Inventory: $5,000

Rent: $3,061 /Month

Established: 2010

Profitable Cell Phone & Computer Store in a Busy Mall !

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Business Description

Motivated Seller! Must Sell Quick! Make an Offer! Shop in very Affluent Area!!!

This cell phone & computer shop was established in 2010 serving high demand for fast, reliable and cost-effective cellular-repairs, unlock services and computer-repairs in Allen, TX. This business acquired over 9000+ satisfied customers in the last 3 years alone and a lot of them are repeat customers.

This is a 100% absentee business, run and monitored with latest technologies available in the market. The owner has added screen refurbishing machines recently to boost the revenue. The business has same-day suppliers for parts, so no need to carry huge inventory. The staff has 20+ years’ experience of unlocking and repairing equipment from major manufacturers like Apple, LG, HTC, Samsung, Lenovo, IBM, Dell, Motorola etc. The business is searched 30,000+ times a Month online for Cell Phone and Computer Repair. There is tons of foot traffic with over 15,000 Weekly visitors to the retail complex.

Detailed Information

Location:
Collin County, TX
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,400
Lease Expiration:
3/31/2020
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This location has developed strong relationship with its customers. It has been running very successfully for almost 10 years from the very same location in a very reputed shopping complex. The current owner purchased this business 2 years ago. Seller will provide complete training for non-technical buyer.
Competition:
This store is located in one of the most reputed shopping complexes and is surrounded by nation's premium cell phone providers like AT&T, Verizon, T-Mobile, Sprint, MetroPCS who constantly give them excellent referrals! There are only 3 local competitors within a 10 mile radius.
Growth & Expansion:
Cell Phone Repair is a Billion dollar industry that’s growing, and it requires minimal investment to get started. The U.S. Economics Professor, Gregory Hamilton, shares that nearly 25% of all smartphone users have cracked screens. DFW has increased by 3,818 people per square mile over the past 12 months. More population means more digital items which in turn means more business! There is high potential to add additional services in to the business. Current business focus is 90% on servicing cellphones & 10% on computers. New owner can look into expanding with new concepts of GPS tracking, Cellphone refurbishment & Drone repairs etc.
Financing:
50% Price @ 8% for 24 months
Support & Training:
2 weeks
Reason for Selling:
Other interests
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Saleem Marwat, MBA

Business Listed By:
Saleem Marwat

Transworld Business Advisors

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