Listing ID: 80533
Business Overview
This Franchise is a one-of-a-kind concept. No one else specializes in selling certified pre-owned Apple® products, making repairs, taking trade-in, and selling a full line of related accessories in a retail environment. We offer a wide selection of laptops, desktops, phones and tablets at incredible prices, as well as, out- of- warranty repairs and upgrades on all computers. With increased telecommuting and virtual schooling, the products and services offered are in high demand and can all be found in one customer centric high-quality store.
Not sure what’s wrong with your device? Bring it in for a diagnostic test. Many times, the business offers same day service and can often fix the device while customers wait or shop for computers and tablets. Customers save up to 60% while you make great margins. There is a strong loyal established customer base with great online reviews already in place. Located in a popular shopping district.
Financial
- Asking Price: $149,995
- Cash Flow: $37,000
- Gross Revenue: $374,000
- EBITDA: N/A
- FF&E: $180,000
- Inventory: $20,000
- Inventory Included: Yes
- Established: 2015
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,500
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Five year leased retail location with strong anchors. Complete turnkey operations. No additional work to establish business. Start earning cash on day one. 1500 SF.
2 weeks
other ventures
Due to its great Metro Atlanta suburb location, this electronics business is set up well to continue tapping into the local, immediate geographical location. As its online presence and marketing efforts continue to grow, this savvy business consistently becomes the go to business for Apple® and other electronic products, accessories and repairs. A consistent culture of cooperation between other units makes this business even stronger and furthers its "Pillar in the Community" status.
Opportunities include higher presence on the social media sites, participating in the community events, reaching out to small businesses and local schools, a more visible marketing campaign, as well as extending the hours of operation to Saturday. Customer financing is in place to lower barrier to buy your product. A passionate owner operator with a marketing and sales background would be the ideal new owner. Technical skills can be learned and sourced -- passion, customer service and entrepreneurial drive are the best prerequisites to bring with you
This Business Is An Established Franchise
Additional Info
The business was founded in 2015, making the business 7 years old.
The transaction will include inventory valued at $20,000, which is included in the listing price.
The company has 2 employees and is situated in a building with estimated square footage of 1,500 sq ft.
The building is leased by the business for $2,812 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell operating businesses. However, the real factor and the one they tell you may be 2 completely different things. For instance, they might state "I have way too many other commitments" or "I am retiring". For many sellers, these reasons stand. But, for some, these might just be reasons to attempt to conceal the reality of transforming demographics, increased competitors, recent decrease in incomes, or a variety of other factors. This is why it is really essential that you not depend completely on a seller's word, however instead, use the seller's solution in conjunction with your general due diligence. This will paint a more sensible picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses finance loans so as to cover items like inventory, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can mean that revenue margins are too tight. Numerous businesses come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that must be met or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in new consumers? Often times, businesses have repeat customers, which develop the core of their day-to-day profits. Particular elements such as new competition sprouting up around the location, roadway building and construction, and personnel turn over can affect repeat clients as well as adversely impact future incomes. One essential thing to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business on a regular basis, the greater the opportunity to develop a returning customer base. A last idea is the general area demographics. Is the business located in a densely populated city, or is it located on the edge of town? Just how might the local average home earnings impact future earnings potential?
