1207-13277 Cell Phone Store & Repair in Midlands, SC
Undisclosed Address, South Carolina
|Catylist Listing ID:
Communications and Media
|Building Size (RSF):
|Year Business Established:
|Cash Flow Type:
||Sellers Discretionary Earnings
Overview / Comments
Great opportunity to purchase 2 full service Cell Phone stores. They sell and service all major brands and types of cell phones, smart phones and tablets. The majority of their business is service and repair, which has the highest margin of profit. This business is essentially an absentee owner business. The present owner spends little time working in the business. Two stores are being sold as a turnkey operation with managers in place. Financials displayed as absentee owner, if owner-operator, seller's discretionary earnings would be at the $115,000 mark.
||Telephone and Wireless Carriers
|Reason for Selling:
||Owner Changing Career.
|Value of Inventory Included ($):
|Value of Furniture, Fixtures, and Equipment ($):
|Real Estate Status:
|Value of Real Estate Included ($):
|Real Estate Lease Description:
||This businesses are located in a strip shopping centers. The stores are attractive and well appointed.
||3 FT/1 PT.
Mon-Friday 9am-7pm; Sat 9am-5pm; Sun 1pm-5pm.
|Mgmt/Training Support Description:
||Will train for 1 week @ no cost.
The Company sells new and used cell and smart phones of all types and brands. They also have a complete service department. Their employees are well trained in both sales and service. The most important skill the owner would need is an understanding of sound business principles. The only licenses required would be local business license and state sales tax license.
||There is competition in the area but these stores are well established and have name recognition.
||An enhanced social media campaign would help increase traffic in the store. Also increased business-to-business contact would also help increase business. Radio and print advertising is another option.
|Seller Financing Description:
||$127,415 Down/ $22,485 for 84 mos. @ 6%.
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