Office ID: #000954
Consistently growing prime location well-known industry-leading franchise cell phone repair stores in Northeast Dallas is available for acquisition. This business was established in March 2017 by the current owner and located in one of the faster growing and developing cities in North Texas and most of the customers are upper-class individuals that live in the surrounding densely populated residential neighborhoods that require immediate repair services for various electronic devices. The current owner has been very aggressive and spent quite a lot of time and effort in marketing the business in the first two years to grow the business and establish the customer base. The business has grown every year since opening and average monthly sales have grown to about $27,000-$28,000/month from $17,000/month when it first opened. Since the COVID-19 pandemic, this business has thrived and is averaging over $40,000/month. This business is located in a prime location where they are easily visible from the main road surrounded by many other retail businesses and densely populated upper-class neighborhoods. The competition is expected for this growing industry, but this business provides a nationwide lifetime warranty, uses quality parts that attract customers, features a user-friendly and informative website, and quick turnaround on all services and repairs. This business repairs all electronic related devices such as phones, tablets, computers, game consoles, and other gadgets, buys and sells used devices. The owner is not taking an advantage of third-party financing on the devices because he is not involved in day-to-day operations. This offer to the customers alone will immediately increase the sales even more. The owner is not actually involved in the day-to-day operation and only spends approximately 10-15 hours each week mainly to keep inventory stocked, book-keeping, and payroll and the business is still highly profitable and for an active owner-operator who chooses to be involved in the daily operation, could further increase profit by reducing labor expense. If the owner chooses to operate semi-absentee, one additional part-time salesperson will be beneficial to further grow the overall sales. The current owner has laid the groundwork already to build and establish its customers and grow the sale. This is a great opportunity for the buyer to enjoy the success of the industry-leading franchise and further grow the business by being involved in the day-to-day operation.
This business is located in a 1,200 SF retail strip shopping center anchored by a national retail grocery store and discounted department stores in a fast-developing area, which brings immense foot traffic. It is heavily surrounded by residential homes and is easily visible from the main road.
This business has been growing every year from aggressive marketing in the first two years since the establishment. The customer base has been established since and minimal marketing is in place at the moment. The buyer may continue to work with major cell phone carriers in the surrounding area to maintain good relationships for referrals for an additional source of income. The franchise has just announced that they will have an access to OEM iPhone parts beginning November 15, 2020, and the reliability and the quality of the parts will generate much more positive feedback from the customers and generate much more revenue moving forward.
There is one in the immediate area, but this business has been growing every year since establishment, offers a nationwide warranty, and has a reputable name in the industry.
The owner of the business will provide sufficient training needed to smoothly transition into the business operation.