MergerPlace

High Profit Margin Tech Repair Store

Far Northeast Dallas, Texas (Collin)


  • Asking Price: $215,000
  • Gross Income: $207,579
  • Cash Flow: $104,333
  • Real Estate: Not Disclosed
  • Inventory: $7,000
  • FF&E: $20,000
  • Listing ID: #225364
  • Established: 2011
  • Employees:

Business Description

Office ID: #001053

Prime location computer and phone repair shop operated almost a decade in the historic downtown of a city in Far Northeast Dallas is available for acquisition. This business is located in a 1,600 SF space of retail strip shopping center in the historic downtown of a city. This area has heavy traffic throughout all hours of the day, and numerous businesses that attract a number of people to the local area. This business was established by the current owner in 2011 and continues to operate with steady growth year after year despite Covid-19. Various services are provided at this business such as phone repairing, computer repairing, phone unlock, prepaid phone services, buys, and sells used devices, etc. Most of the customers are middle to upper-class individuals from the surrounding residential area. The customer base consists of various types including small business owners, students, and many young adults. Competition is expected for this industry, but this is the only computer and phone repair business in this historic downtown. Though there are still a few competitors within the immediate market area, most of them are small stores that provide cheap low-quality services and are not considered to be any significant. On the other hand, this business provides high standard service at an affordable price point that easily beats the competition in expertise and price. Gross sales of this business have been steadily growing running at around $200-210K/year over the last several years even under the pandemic without much marketing. Although some marketing is currently in place through a business website, social media outlets, and word of mouth, there are many ways to proactively market this business such as direct mailing, flyers, online booking service, student discounts, etc. Marketing efforts on acquiring corporate accounts to schools, companies, public agencies, etc. will bring consistent revenue increase as well as a steady flow of customers. This business has great potential because the current owner signed a contract with a new vendor last year in 2020, which dramatically reduced the overhead cost through this vendor. By having additional vendors, this business can expand their services as well as keep costs cheap by having many options available. Also, the rent of this facility is low that synergizes perfectly with the low overhead cost of this business. This well-established computer and phone repair business is ready for a potential buyer to actively involve in the business operation while marketing to grow the business to maximum income capacity.


Business Details

Primary Business Category: Services - Business
Location: Texas
Metropolitan Area: Far Northeast Dallas
County: Collin

Company Information

Year Established: 2011
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $215,000
Gross Revenue: $207,579
Cash Flow: $104,333
FF&E: $20,000
Inventory: $7,000
Seller Financing Available: No

Property Information

Facilities:

This business occupies 1,600 SF space of a retail strip center located in the heart of a city's old town, and the store is next to a heavy traffic intersection and is surrounded by densely populated residential neighborhoods. All equipment is in impeccable condition.

Growth & expansion opportunities:

Marketing efforts on acquiring corporate accounts to schools, companies, public agencies, etc. will bring consistent revenue increase as well as a steady flow of customers.

Competition:

This is the only computer and phone repair business in this historic downtown. Also, this business is very competitive in terms of high-quality services and an affordable price.

Reason for selling:

Other opportunities

Support & Training:

The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.

Contact Business Seller

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Business Listed By:

V-AID Group

www.v-aidgroup.com