Listing ID: 73000
Well established, independent cell phone repair business offering professional repairs for iPhone, Samsung, and other smartphone models as well as tablets, smart watches, and gaming consoles. This is a reputable establishment with 9+ years in business and a solid customer base. This business has highly experienced technicians with over 18 years of combined experience. 100% turnkey operation.
- Asking Price: $256,735
- Cash Flow: $111,268
- Gross Revenue: $334,978
- EBITDA: N/A
- FF&E: $34,000
- Inventory: $18,000
- Inventory Included: Yes
- Established: 2014
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,700
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Support and training available
There are numerous phone repair businesses, but not many with the years in the business and staffed with the years of experience as this business has.
Multiple opportunities for growth with increased advertising/marketing, corporate accounts, and more
The company was established in 2014, making the business 8 years old.
The deal shall include inventory valued at $18,000, which is included in the requested price.
The company has 3 employees and is situated in a building with disclosed square footage of 2,700 sq ft.
The building is leased by the company for $1,300 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell businesses. Nonetheless, the true reason vs the one they tell you might be 2 totally different things. As an example, they might state "I have a lot of other obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may simply be justifications to try to hide the reality of changing demographics, increased competitors, recent reduction in incomes, or a variety of various other reasons. This is why it is very important that you not depend completely on a seller's word, but instead, utilize the seller's response along with your overall due diligence. This will repaint an extra reasonable picture of the business's present circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Many operating businesses borrow money in order to cover items like stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can imply that earnings 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 obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that should be satisfied or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location bring in new customers? Many times, businesses have repeat consumers, which create the core of their everyday earnings. Certain variables such as new competitors growing up around the area, road building and construction, and employee turnover can affect repeat clients and adversely influence future profits. One crucial point to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the higher the opportunity to build a returning customer base. A last thought is the basic location demographics. Is the business located in a largely populated city, or is it situated on the edge of town? Just how might the neighborhood average home income effect future earnings potential?