Listing ID: 80424
Own this profitable, 11-year-old Device Repair Business which offers sales and service for smartphones including Apple and Samsung products, computer repair including Macbooks, tablets repairs including IPads, and gaming console repairs and sales. Cash in on this huge industry; most people have several devices in their homes which will need repair at some point or replacement.
Benefits of owning this store:
Great location on a busy highway
Remodeled store last year
Well trained employees
Excellent new product training
Ability to sell device insurance
Repair Financing available
Relationships with small and medium size
According to IBISWorld, the cell phone repair industry is a $4 billion business in the U.S., and it’s expected to continue to grow.
Don’t miss this great opportunity!
- Asking Price: $339,000
- Cash Flow: $122,620
- Gross Revenue: $600,156
- EBITDA: N/A
- FF&E: $70,000
- Inventory: $15,000
- Inventory Included: N/A
- Established: 2010
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
The company was started in 2010, making the business 12 years old.
The transaction doesn't include inventory valued at $15,000*, which ins't included in the requested price.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell businesses. However, the genuine factor and the one they tell you may be 2 entirely different things. As an example, they may claim "I have too many other commitments" or "I am retiring". For many sellers, these factors are valid. However, for some, these might just be justifications to attempt to conceal the reality of transforming demographics, increased competition, recent reduction in earnings, or a variety of various other factors. This is why it is really crucial that you not rely absolutely on a vendor's word, however rather, utilize the vendor's answer combined with your overall due diligence. This will paint a much more realistic picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many companies borrow money in order to cover items like supplies, payroll, accounts payable, and so on. Keep in mind that occasionally this can imply that profit margins are too small. Many organisations fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that need to be met or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location draw in new consumers? Many times, companies have repeat clients, which create the core of their everyday profits. Particular factors such as brand-new competition sprouting up around the area, roadway construction, and also employee turnover can influence repeat customers and also negatively affect future incomes. One essential thing to think about is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business regularly, the greater the chance to construct a returning client base. A final idea is the basic area demographics. Is the business placed in a densely inhabited city, or is it situated on the outside border of town? Just how might the neighborhood median household earnings impact future revenue potential?