Business Summary

Asking Price: $1,350,000
Gross Income: $2,218,186
Cash Flow: $603,246
EBITDA: N/A
FF&E: N/A
Inventory: $120,000
Real Estate: N/A
Established: 2008
Employees: 22

Business Description:-
This cell phone repair and accessory retail chain has positioned itself as San Diego County’s industry leader with multiple prime storefront locations. The business specializes in all types of cell phone repairs (e.g. cracked screens, water damage, broken parts), iPhone and GSM unlocking, programming, as well as retail cell phone sales, accessories, and used phone repurchases. This industry has continued to thrive due to the popularity of smartphones and the frequency of damage and accidents. Secondary market providers, such as this business, offer users critical repair services at costs much lower than direct manufacturer storefronts such as Apple stores. This company has developed an excellent reputation through its well-trained staff and track record and has secured its market position with top-notch busy locations.

Detailed Information:-

Inventory: Included in asking price

Facilities: This cell phone chain is located in extraordinarily high foot-traffic areas. All of the business’s assets will transfer in the sale including its furniture, fixtures, computer and repair equipment. Inventory estimated at approximately $120,000 ($30,000 per location) will be included in the purchase price; any additional inventory will be sold at cost at close in addition to the purchase price.

Competition: Competition is considered to be medium as other retailers and providers exist, however, most of these businesses are located in smaller, less dependable kiosk type locations without the reputation or credibility that this chain offers.

Growth & Expansion: The business is well positioned for continued growth. A buyer will have the right to expand within the San Diego market as well as the rest of Southern California, including Orange and Riverside Counties, and the greater Los Angeles area. A new owner could also capitalize on business segments that are not currently maximized such as tablet repairs, computer repairs, prepaid phone sales (Simple Mobiles, H2O), website development, and by aggressively marketing purchase of used phones for resale.

Financing: Seller may consider

Support & Training: 2 wks at 20 hrs/wk

Reason for Selling: Personal

Property Details