Business Overview

2-Location nationwide cellphone retailer in East Dallas is available for acquisition. Within the low-cost and affordable telecommunications market, this nationwide retailer is known as the top-performing cellphone retailer compared to the competition. The business provides various services/products, such as new phones with new plan activations, phone upgrades, phone accessories, and other add-on features like insurance.

Competition can always be expected for any business within this industry. As the population grows within each of the respective markets that each location currently services, each facility can expect steady growth with many reoccurring customers that cycle through when new phone plans and services come along. Predominately located in areas that have large communities of Hispanic families, the customer base also consists of many Hispanic individuals and families with a mix of demographics.

Each year both locations have seen steady growth in gross sales with rapid growth in net profits as corporate provided many positive changes to how the business functions to benefit active owner-operators. The retention rate for both stores has historically been high and has continued to the current year of operation as the services provided at each location are highly satisfactory to the customer base.

This is a great opportunity to acquire both locations of this nationwide cellphone retailer known for consistent growth and steady income. Potential Buyers can expect to reap the benefits of a long-lasting business that will continue to flourish.

Listing ID #001150
For more info, please call Moon Kim at 1-866-519-2421.

Financial

  • Asking Price: $409,000
  • Cash Flow: $197,739
  • Gross Revenue: $1,493,448
  • EBITDA: N/A
  • FF&E: $50,000
  • Inventory: $65,000
  • Inventory Included: N/A
  • Established: 2007

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:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This package features two locations, the first main location is situated within a 1,800 SF space of a retail strip center. The second location is similarly situated within a 1,400 SF space of a retail strip center.

Is Support & Training Included:

The owner of the business will provide the necessary training for a period of two weeks.

Purpose For Selling:

Other Business Opportunities

Pros and Cons:

Few competitors are within the immediate market area of both businesses, but competition for this industry is unavoidable. Although competition can be steep, the population of the local area and loyal/reoccurring customers provide consistency with steady growth.

Opportunities and Growth:

Corporate provides a majority of all marketing across nationwide platforms. The greatest asset for both businesses is the consistency and steady growth that corporate provides through year-round marketing. Having great salespeople will also assist in growing the business through additional product sales.

Established Franchise:

This Business Is An Established Franchise

Additional Info

The business was started in 2007, making the business 15 years old.
The sale shall not include inventory valued at $65,000*, which ins't included in the asking price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons people resolve to sell businesses. However, the true reason vs the one they say to you may be 2 completely different things. As an example, they might state "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may just be justifications to attempt to conceal the reality of altering demographics, increased competitors, current reduction in profits, or an array of other factors. This is why it is extremely vital that you not depend totally on a vendor's word, but rather, utilize the seller's answer in conjunction with your overall due diligence. This will repaint an extra sensible picture of the business's current scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Many companies take out loans so as to cover points such as inventory, payroll, accounts payable, and so on. Remember that in some cases this can suggest that earnings margins are too small. Many businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that have to be satisfied or may cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location bring in brand-new clients? Most times, companies have repeat clients, which create the core of their daily revenues. Particular aspects such as brand-new competition growing up around the area, roadway construction, and also personnel turn over can influence repeat consumers and also adversely influence future profits. One essential point to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the greater the chance to develop a returning customer base. A last thought is the general location demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? How might the neighborhood average household earnings influence future earnings potential?