Business Overview

This successful franchise services and sells preowned Apple computers, laptops, tablets, and cell phones, as well as other top brands. All products are provided with warranty’s and financing is available. This essential business comes complete with a proven operating and marketing system to help guide owners to the heights of success.
This business is in an excellent location next to major brand stores in a High Net Worth, protected territory. Rent is very reasonable.
This business can now be purchased for a fraction of the cost of a new start up.
Business was started by an investment group approximately two years ago. However, due to their other interests they have not been able to devote the time needed to follow the franchise model they purchased. This business can now be purchased for a fraction of the cost of a new start up.
Other Experimax franchises in Virginia have been very successful with sales over $1,000,000. This locations just needs a full time owner who will follow the franchise model.

Financial

  • Asking Price: $169,095
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2020

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

other business interest

Additional Info

The venture was started in 2020, making the business 2 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals decide to sell companies. However, the real factor and the one they tell you might be 2 entirely different things. As an example, they may say "I have a lot of various commitments" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might simply be excuses to try to hide the reality of altering demographics, increased competition, recent reduction in earnings, or a variety of other factors. This is why it is very crucial that you not count absolutely on a vendor's word, yet rather, make use of the seller's response combined with your general due diligence. This will repaint a much more reasonable image of the business's current situation.

Existing Debts and Future Obligations

If the current business is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses borrow money with the purpose of covering things such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can imply that revenue margins are too thin. Many organisations fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that should be met or may lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location bring in new consumers? Many times, businesses have repeat consumers, which create the core of their daily revenues. Certain variables such as brand-new competition growing up around the area, roadway construction, and personnel turn over can influence repeat consumers as well as negatively affect future profits. One essential point to consider is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the better the opportunity to construct a returning client base. A last idea is the basic area demographics. Is the business located in a largely populated city, or is it situated on the outskirts of town? Exactly how might the local typical home income effect future income prospects?