Successful and profitable used Apple device specialty outlet available

Fulton County, GA

Successful and profitable used Apple device specialty outlet available
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Asking Price: Get Financing: $310,000

Cash Flow: N/A

Gross Revenue: $100,000

EBITDA: N/A

FF&E: $120,000

Inventory: $30,000*

Established: 2015

*not included in asking price.

Successful and profitable used Apple device specialty outlet available

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Business Description

Amazing Pre-Owned Apple products with Repair business- Must Move!

This store is the first location of the franchise and as such has developed a great relationship with it's customers for repeat business and referrals. The store showed 75% growth in 2016, an additional 20% growth in 2017, and is on track to show an additional 55% growth in 2018. The store has a full time manager/lead technician and an additional full-time technician, allowing the owner to only be present 20-25 hrs each week.

Detailed Information

Inventory:
Not included in asking price
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1800 sq ft of retail space in high traffic strip mall on busiest street in Sandy Springs, the 6th largest city in GA. Current lease expires in 2020, with a 5-year option to continue.
Competition:
The Major player in the market focusing solely on pre-owned, highly sought after Apple devices. Due to our speciality, this store has developed excellent relationships with authorized Apple shops to provide repairs they are unable to perform for customers with older devices. Additionally, Sandy Springs is growing dramatically with hundreds of new homes opening in the immediate area and the addition of Sandy Springs City Center
Growth & Expansion:
Opening in March, 2015, this location's sales have grown exponentially year after year. In August of 2018, we surpassed the sales of all of 2017. While there are no real demographics for our customer base, we do serve the Atlanta music community quite heavily, so a bigger focus on Apple compatible music devices would be a great peripheral market. Additionally, focusing on acquiring additional Corporate accounts would be a great boon.
Support & Training:
Store manager has been with this business for nearly four years and will continue on to provide all operational knowledge as well as provide lead-technician services. Current owner will introduce new owner to current Corporate accounts.
Reason for Selling:
Seller desires to move back to CA to help care for aging parent.
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