1207-13277 Cell Phone Store & Repair in Midlands, SC

Undisclosed Address, South Carolina
Business Opportunity for Sale
Catylist Listing ID: 30149331
Property Subtypes: Communications and Media
Building Size (RSF): See Agent
Sale Price: $149,900
Year Business Established: 2012
Gross Revenue: $732,578 (Annual)
Cash Flow: $71,530 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 8/1/2017

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.

Additional Details

Industry Segment: Telephone and Wireless Carriers
Reason for Selling: Owner Changing Career.
Value of Inventory Included ($): $8,000
Value of Furniture, Fixtures, and Equipment ($): $6,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: This businesses are located in a strip shopping centers. The stores are attractive and well appointed.
Employee/Labor Description: 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.
Competition/Market Description: There is competition in the area but these stores are well established and have name recognition.
Growth/Expansion Opportunities: 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%.

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 11,682 35,790
Median Age: 33.61 34.68
Households: 4,074 13,005
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