MergerPlace

Newly Opened Computer Repair and Resale

North Carolina (Pitt)


  • Asking Price: $140,000
  • Gross Income: $194,770
  • Cash Flow: $10,430
  • Real Estate: Not Disclosed
  • Inventory: $30,000
  • FF&E: $87,000
  • Listing ID: #203673
  • Established: 2016
  • Employees: 2 FT/2 PT

Business Description

This business is in its early start-up phase, operating for only 12 months with rapid growth. Unfortunately, the owner has to move out of state and has to give it up. Business specializes in Pre-Owned Electronic Products and Accessories as well as offering Repairs and providing Software/System Updates.

Opportunity to get in on the ground floor of a growing and thriving franchise. Newly opened one year old, store is generating revenue ahead of projections. Business comes with Established Branding, completed high quality store Build Out and a well-trained, cohesive and Professional Team. This Franchise is offered at a deep discounted cost compared to opening a new franchise of this magnitude.

Typically, New Franchisees can usually expect to spend $136,000 to $277,000 in order to get their store up and running and then to start building revenue from scratch. These expenditures can vary depending on Business Location, Acquiring Employees, Overhead and the costs to satisfy Legal Requirements.

Note: The Franchise Transfer Fee is included in the purchase price which includes the rights to the Franchise Location, Territory and 4 weeks of Corporate Training (Corporate Headquarters and 2 weeks at the Store Location).


Business Details

Primary Business Category: Services - Professional, Scientific and Technical
Location: North Carolina
County: Pitt

Company Information

Year Established: 2016
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 2 FT/2 PT

Financial Information

Asking Price: $140,000
Gross Revenue: $194,770
Cash Flow: $10,430
FF&E: $87,000
Inventory: $30,000
Seller Financing Available: Yes

Property Information

Facilities:

Premier Location, in heavily accessed Shopping Center that possesses Vehicle and Foot Traffic.1160 Square Feet of Leased Retail Space, Low Rent (Locked In For 5 Years), Plenty of Customer Parking

Growth & expansion opportunities:

The Business: operates within the technology field in a sector with the potential to grow exponentially. In 2014, about 302 million computers were sold worldwide, generating about $304 billion in Sales Revenue. Nearly 7 Billion Cell Phone Subscriptions were purchased Worldwide by May 2014, nearly one for every person on the planet. With that type of consumer base, the businesses products and services are in high demand, generating about $304 Billion in Sales Revenue. Nearly 7 Billion Cell Phone Subscriptions were purchased worldwide by May 2014, nearly one for every person on the planet. With that type of consumer base, the businesses products and services are in high demand.

Competition:

The Market: Repair Services for Smartphones, Tablets and Computers is huge and is only growing. Americans spent roughly $23.5 Billion repairing iPhone Device Screens as of September 2014 and about one quarter of iPhone device users had cracked screens that needed repair at one time or another. Another 15 percent are using a cracked iPhone devices at any given time. Products: Specializes in selling Pre-Owned Products, particularly because of their higher resale value and worldwide brand recognition. Competition: The store has some competitors in the repair markets, however, the store has no retail competition for Pre-Owned Devices.

Reason for selling:

Family Member Relocation.

Support & Training:

Will train for 4 weeks @ no cost. Store Revenues Include: • Sales of Pre-Owned Cell Phones, Computers and Devices • Sales of Computer and Mobile Device Accessories • Upgrading of Computer Memory, Hard Drives etc. • Repairs of Computers, Laptops, Tablets & Cell Phones Not necessary to be a Tech Industry Expert but General Business experience and Customer Service skills are recommended.

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Business Listed By:

Tully Ryan

Murphy Business Brokers