Asking Price: $90,000 Gross Revenue: $507,078Cash Flow: $88,936 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $40,000 not included in asking priceFF&E: $80,000 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.
Two-location industry leading national franchise cell phone repair stores located in high-income areas with dense population is available for acquisition. Both business locations were originally established in 2016 by the current owner of the business. Most of the customers at each location are upper-class individuals which live in the surrounding densely populated residential neighborhoods that require immediate repair services for various electronic devices. The franchise itself has grown from 200 locations to more than 500 locations within last 3 years nationally and from 3 to 17 in the past 3 years locally and still expanding. Combined gross sales average for these businesses were $500,000/year that has grown considerably in sales compared to previous year due to hiring a salesperson to upsell and provide customer service and the highly rated reviews and comments from the customers. Although much of the marketing is done online in many social media outlets, other proactive marketing tactics can be utilized to maximize growth of the business in gross sales and acquisition of new customers that has yet to hear about this franchise. Competition can be expected for this growing industry, but these businesses provide lifetime warranties at any of the locations locally and nationally and use quality parts that attract customers by their workmanship compared to the competition. There are many ways to proactively market this type of franchise such as direct mailing, wholesale accounts (schools, small companies, B2B), membership program, door hangers and full-time owner involvement. Operating the business as an owner absentee has advantages, but a full-time owner-operator will help the quality of service given at each location and cut payroll expenses spent on additional employees. These businesses have everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operation.
Listing ID #000724
For more info, please call Kevin Chung at 1-866-519-2421.
About the Business
Number of Employees:
The main business location is placed in a 800 SF high-end retail strip center that is surrounded by nationwide retail stores, restaurants, and supermarket. The second location is placed within a 1,000 SF retail strip in a well-known shopping center that has many restaurants and small businesses. Equipment at all locations is in impeccable condition and in working order.
Few competitors are within the city of each business, but these businesses compete by providing same day service and lifetime warranties that work for multiple locations throughout the US.
Growth & Expansion:
Some marketing is done online through social media outlets for each location, but other proactive marketing methods needs to be utilized to generate more cash flow and acquire new customers.
2-Location Fast Growing National Franchise Cell Phone Repair Shop
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