MergerPlace

Cellular Store and Repair

South Carolina


  • Asking Price: $199,900
  • Gross Income: $358,742
  • Cash Flow: $73,324
  • Real Estate: Not Disclosed
  • Inventory: $3,000
  • FF&E: $7,000
  • Listing ID: #200573
  • Established: 2012
  • Employees: 1 FT/ 2 PT

Business Description

This Company is a full service Cell Phone store. 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. The owner lives an hour and a half away from the business and has no trouble overseeing the business due to the turnkey staff with manager in place.


Business Details

Primary Business Category: Retail Trade - Electronics & Appliance
Location: South Carolina

Company Information

Year Established: 2012
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 1 FT/ 2 PT

Financial Information

Asking Price: $199,900
Gross Revenue: $358,742
Cash Flow: $73,324
FF&E: $7,000
Inventory: $3,000
Seller Financing Available: Yes

Property Information

Facilities:

This business is located in a fairly new shopping center. The store is very attractive and well appointed.

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.

Competition:

Competition in the area would be considered medium. They are some other similar businesses but not an over abundance.

Reason for selling:

Owner changing career.

Support & Training:

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. An owner would need basic understanding of the products and services they provide. 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.

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Business Listed By:

Jesse Stone

Murphy Business Brokers