Listing ID: 82236
This Cell Phone, Computer, Gaming Sales and Repair Store for sale in Kansas City, Missouri is independently owned and ready for a new owner to take it to the next level. One of their unique features is their use of only OEM parts for their repair services on all brands of cell phones, watches and tablets including Samsung, LG and Apple. Sales of good, pre-owned phones and cell phone accessories like cases, screen protectors, chargers and earphones are consistent for this store located in a highly visible area with good drive-by and foot traffic. Experienced repair technicians work daily on fixing screens, batteries and charging ports on any brand of laptops or desktop computers. Gaming system repair for Xbox and PlayStation is a distinguishing feature of this business as most of their competitors in the area do not offer this service.
- Asking Price: $269,000
- Cash Flow: $44,854
- Gross Revenue: $230,414
- EBITDA: N/A
- FF&E: $44,000
- Inventory: $65,000
- Inventory Included: Yes
- Established: 2013
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,700
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
The store has approximately 1,700 square feet which allows ample space for additional displays and products. There is a generous amount of free parking in the front, rear and side of the building.
Focus on other business interests
The business has an excellent reputation with customers as they use only OEM parts for their repairs on Samsung, LG and Apple phones. This distinguishes them from many of their competitors who often use 3rd party screens and other parts for their repairs. The addition of gaming system repair is a distinguishing feature of the business as most of their competitors do not offer this service.
As the world of electronic device sales and service continues to grow even through economic instabilities and limited in-person shopping, the business could realize growth by expanding it’s online presence through social media, ecommerce and pay-per-click advertising. With their excellent reputation, this store is poised for revenue growth by advertising their competitive advantage of repair work on laptops and gaming systems. The convenient location offers a great opportunity to partner with large and small businesses in the area to service electronics for their workforce.
The company was established in 2013, making the business 9 years old.
The deal shall include inventory valued at $65,000, which is included in the suggested price.
The company has 3 employees and is located in a building with approx. square footage of 1,700 sq ft.
The building is leased by the business for $2,676 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell operating businesses. However, the genuine reason vs the one they tell you might be 2 totally different things. As an example, they might claim "I have too many various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may simply be reasons to attempt to hide the reality of changing demographics, increased competition, recent reduction in revenues, or an array of other factors. This is why it is extremely essential that you not rely absolutely on a vendor's word, but rather, make use of the seller's solution together with your total due diligence. This will paint a more realistic image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous operating businesses borrow money so as to cover points like supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can indicate that revenue margins are too small. Numerous businesses fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that must be met or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area bring in new customers? Most times, operating businesses have repeat consumers, which create the core of their everyday earnings. Particular aspects such as brand-new competitors sprouting up around the location, road building and construction, as well as personnel turn over can affect repeat customers and also adversely influence future profits. One essential thing to think about is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business on a regular basis, the higher the chance to construct a returning customer base. A final idea is the general area demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? How might the local median household income effect future revenue prospects?