Profitable, Multiple Location Cell Phone Repair Shops - North SF Bay

CA

Seller Financing Available
Cell Phone
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Asking Price: $1,200,000

Cash Flow: $405,365

Gross Revenue: $1,138,560

EBITDA: N/A

FF&E: $160,000

Inventory: $60,000

Established: 2010

Profitable, Multiple Location Cell Phone Repair Shops - North SF Bay

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Business Description

This business is one of the leaders in its regional market. It has four locations and the first one opened 10 years ago and last one was opened in 2016.

It is positioned in its market area as a premier provider of cell phone and mobile device repair services, and its high ratings in Yelp and Google attest to its reputation with customers. The company also offers an extensive selection of phones, tablets, and other electronics as well as computer repair services and installation services for home security surveillance systems. The company has in-house expertise in micro-soldering and electronic repair work and has strong ties to the community where it is seen as a trustworthy, one stop shop for electronics repair and merchandise.

The stores offer customers a wide range of cell phone, computer and tablet repair services at reasonable prices and in convenient downtown locations. The company also sells a wide range of cell phones, service plans and electronic devices for communication, home security and entertainment purposes.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Employees:
4 FTE, 4 PTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Facilities: Four store fronts each at about 1,000 sf on or near highway 101 Leases: Leases are in place for numerous years at cost effective rates. One store has expired lease but landlord willing to negotiate long term lease with similar fair terms with new owner.
Competition:
Most of the competitors in the area are large stores where those businesses focus more on retail of other products like batteries or office supplies.
Growth & Expansion:
Part of the reason why there is strong growth in this industry is the fact that the cost of a smartphone makes it worthwhile to repair it. With top-of-the-line phones retailing for $1,000 or more when not associated with a promotional plan, spending $100 to repair a broken phone seems like a valid investment. Overall market growth is conservatively projected to be 5% per year over the next five years. This is a trusted brand and there is room to grow more locations in the San Francisco Bay Area.
Financing:
Seller will consider some financing for a qualified buyer
Support & Training:
The seller will provide up to 2 weeks, 20 hours per week, of training and introductions to further ensure a smooth transfer of ownership.
Reason for Selling:
Seller has been successful with this business but is looking for new challenge
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Contact the Seller

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Phil Holt

Business Listed By:
Phil Holt, DRE #01731143

Sunbelt San Francisco

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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. 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. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) 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 CABB.

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