MergerPlace

Cell Phone Store & Repair-Midlands, SC

South Carolina


  • Asking Price: $149,900
  • Gross Income: $732,578
  • Cash Flow: $71,530
  • Real Estate: Not Disclosed
  • Inventory: $8,000
  • FF&E: $6,000
  • Listing ID: #201086
  • Established: 2012
  • Employees: 3 FT/1 PT

Business Description

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.


Business Details

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

Company Information

Year Established: 2012
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT/1 PT

Financial Information

Asking Price: $149,900
Gross Revenue: $732,578
Cash Flow: $71,530
FF&E: $6,000
Inventory: $8,000
Seller Financing Available: Yes

Property Information

Facilities:

This businesses are located in a strip shopping centers. The stores are 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:

There is competition in the area but these stores are well established and have name recognition.

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. 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.

Contact Business Seller

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Business Listed By:

Jesse Stone

Murphy Business Brokers