Asking Price: $2,980,000 Gross Revenue: $8,359,154Cash Flow: $690,966 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $150,000 included in asking priceFF&E: $187,000 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
11 well established and profitable Metro PCS stores. Metro PCS is a leader in the pre-paid market. Most of the stores were purchased 10 years ago. The business runs smoothly with good systems in place. There are 3 employees that oversee the operations including a general manager, owner supervises and has other business to attend. The stores have excellent locations with established customers. Great opportunity with the merger of T-Mobile with Sprint and also the upcoming new technology (5G). The business is lender pre-approved. Buyer needs to be approved by Metro PCS as an authorized dealer.
About the Business
Miami-Dade County, Florida
Number of Employees:
The business has 11 stores with great locations and good leases in place. The size of the stores vary between 600 sq ft to 1,600 sq ft. 10 stores are located in Miami-Dade County and 1 store is located in Broward County.
Metro PCS is a leader in the pre-paid phone industry and they are very strong in the Florida market. All the carriers have pre-paid options but Metro PCS differentiates from others with their great and attractive plans.
Growth & Expansion:
A natural growth is expected through the upcoming 5G technology as many users will change their phones. The merger between Sprint and T-Mobile means a stronger company and this should help the dealers to increase their revenues and profit. A more dedicated owner with new ideas and with energy should be able to improve the business.
After 10 years in the industry, owner wants a change.
Will train for 3 weeks @ $0 cost. The business sells line activation's, cell phones, cell phone accessories and phone recharges. No special licenses required. Buyer needs to be approved by Metro PCS as an authorized dealer. Owner needs to have general management skills.
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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
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