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Premium Verizon Wireless Unit Price Reduced in Recession Resistant Area
| Asking Price: | $289,000 | Inventory: | $5,000 ++ |
| Gross Revenue: | $345,000 (comments below) | Real Estate: | n/a |
| Cash Flow: | $160,000 (comments below) | FF&E: | $120,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: Trailing 12 months through March, 2009 | |||
| Cash Flow Comments: Does not include Owner draw | |||
Own a rapidly growing profitable franchised business with zip code population close to 30,000 and an estimated median household income in 2007 of $93,429. Mean prices in 2007: All housing units: $667,928; Detached houses: $727,882; Townhouses or other attached units: $630,318
Fairfax Country, rich with high paid Government employees and contractors, is one of the few recession resistant areas in the Country. Combine this proximity to this abundant affluence with what The Economist Magazine has estimated a "Growing demand for mobile phones will grow for 2009 and beyond. This demand " In the developed world growth will be spurred by the need to upgrade to ever more powerful, internet-enabled phones".
This unit just opened in early 2006 and has grown steadily despite one of the toughest recessions the Country has ever experienced. There is no reason to believe that this unit cannot continue to grow steadily no matter the future economic direction.
Fairfax Country, rich with high paid Government employees and contractors, is one of the few recession resistant areas in the Country. Combine this proximity to this abundant affluence with what The Economist Magazine has estimated a "Growing demand for mobile phones will grow for 2009 and beyond. This demand " In the developed world growth will be spurred by the need to upgrade to ever more powerful, internet-enabled phones".
This unit just opened in early 2006 and has grown steadily despite one of the toughest recessions the Country has ever experienced. There is no reason to believe that this unit cannot continue to grow steadily no matter the future economic direction.
About the Business
Year Established:2006
Employees:2 full time -
Franchise:Yes
Facilities:2073 SF unit sited on one of Fairfax Counties busiest thoroughfares. Great street visibility and ample parking. Good night visibility with excellent lighting. Store was built in 2006 so still looks like new.
Market Outlook and Competition:As a Verizon Premium Retailer, you have the advantage of promoting the carrier consistently rated number one amongst the few competitors. The wireless hand held industry in also among the most dynamic in the world today. New technology arrives regularly pushing the envelope toward making mobile hand held devices the primary communications tool for our busy lifestyle.
About the Sale
Management Training and Support:Three weeks Corporate Franchiser training in Connecticut along with an additional trainer on-site for your first week after transfer. Current owner will also assist during the transition to ensure smooth transition.
Reason For Selling:Corporation has additional businesses that require attention.
KEYWORDS: Price reduction for Verizon Number one telecommunications company Premiere Retailer. Located in one of the wealthiest cities and Counties in the U.S. Recession proof due to the huge demand for the products. Location is perfect for high paid government employees and contractors. Located on one of the busiest streets in Fairfax County, VA. Opened in 2006 and has grown steadily since opening. Fast growth and profitable. Can be run by an Owner and one additional employee.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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