Upside revenue opportunity in Apple device sales, service, and repair

Manassas City County, VA

Upside revenue opportunity in Apple device sales, service, and repair
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Asking Price: Get Financing: $150,000

Cash Flow: N/A

Gross Revenue: $116,300

EBITDA: N/A

FF&E: $80,000

Inventory: $22,300*

Lease Rate: N/A /SF

Established: 2017

*not included in asking price.

Upside revenue opportunity in Apple device sales, service, and repair

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Business Description

Upside revenue opportunity in Apple device sales, service, and repair

Established national franchise and local retail store that provides repair services and sales of consumer electronics, computers, tablets, mobile phones, and drones. With an existing base of customers to grow from the store offers a viable alternative in the local community for purchasing certified refurbished products and is a viable alternative to the Apple Store®. This franchise model service retailer is the # 1 global leader in the certified pre-owned Apple® product market. The national franchise has over 100 existing franchises already in operation. The Manassas store is located in a busy corridor of north/western Prince William County and serves the local communities of Haymarket, Gainesville, Bristow, and areas of Woodbridge and Fairfax County. The store has additional high growth potential with past and current investments in community organizations and digital marketing. The store has an active social media presence and has a established itself on Google, Facebook, Instagram and Google as well as social selling cites.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Operates Monday – Friday, 10am to 7pm. Saturday 9am to 6pm. The center has 34,000 vehicles passing daily with close access to Route 66 and Route 234. Store is 1200 SF with tech area and retail lobby.
Competition:
* Great location opportunity saves customers from traveling 15-30 miles away to Apple Stores located in 3 different directions from this Experimac Location. * Apple Store® and Best Buy are primary competitors and have become a source referrals with Experimac’s support of “vintage” Apple® products and no required appointments * Couple of smaller tech repair shops in the area but our Apple focus and customer service is the positive differentiator. * Experimac’s experienced Techs not only support Apple computers but 50% of the computer repairs are Windows PCs which offers additional service and revenue opportunity.
Growth & Expansion:
•Revenue producing business with high growth potential. •Premium Apple brand association and expertise. •Store is a safe place for community to sell and trade used electronics. •Existing customer base and regional leader in online reputation & reviews. •Established online digital marketing awareness and social media base. Needs continued investment. •Multiple revenue streams with selling used products, new products, and repair services. •Experienced staff to sell and repair computers, phones, and drones. •Growing relationship with largest local employers and school system. •Established vendor and supplier relationships.
Support & Training:
•Franchise business with on site support from Operations VP in addition to training available from Franchisor at corporate location. •Previous business owner/manager to provide hands-on/in-store operational and sales and marketing post sale support for mutually agreed upon time frame.
Reason for Selling:
Focus on growing other store. Both current Store Managers hampered by unforese
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