Asking Price: $158,700 Gross Revenue: $1,729,526Cash Flow: $165,000EBITDA: $165,000Inventory: Not Disclosed FF&E: $45,000 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.
Nationally Ranked #1 Wireless Carrier by Root Metrics 8 years in a row, this is your chance to acquire 2 exclusively approved Verizon Wireless retail locations in the Los Angeles County, CA.
Owning the rights to offer clients the best in wireless services comes once in a lifetime. These locations have proven to be a profitable owner-operated business generating solid positive cash flows. Unlike other similar locations that are currently closed to the public, these locations are already established with existing customer base and fully staffed ready for new owner takeover. 1 of the locations is located in a heavily populated area near Glendale with the other only a 25-30 minute drive away.
Current owner has been outsourcing repairs to local repair shops with reduced profit margins. New owner-operator can take advantage of the existing demand for phone/tablet repairs by offering repair services in store. Details and training on how to get repair services started can be provided per request. With an average of 5 repairs a day, new owner can add up to an additional $4500 in monthly revenue.
Additional revenue can also be generated by transferring over existing smart home security and home services(internet/TV/home phone) contracts and license's. With Verizon's 5G technology already live in the Greater L.A. area, home services can be offered to all Verizon and Non-Verizon customers alike, increasing revenue and foot traffic into the locations, which will provide additional sales opportunities for other services/products offered.
No Royalties. No Franchise Fees. Take of advantage of this time crucial situation. OWNER MUST MOVE, MUST SELL ASAP. PRICED TO SELL FAST! Current owner does not have much time so has listed these locations much lower than valued for a very fast closing, their loss is your gain! Make an offer ASAP!
Signed NDA and proof of funds required for detailed business information.
About the Business
Los Angeles County, California
Number of Employees:
Signage, Fixtures, Phone Displays, Marketing Material, High Security Safes .. all included!
Each location is 3 Miles+ away from other Verizon retail locations, and has a 2-3 mile protection from carrier to avoid over lapping saturation.
Growth & Expansion:
The right owner has tremendous upside by adding: cell phone/computer repairs, marketing to local community through mailers, events and outreach, Small-Medium business sales, focusing on additional services such as smart home security/home services. Becoming a full one stop shop for all wireless needs.
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. See our
full Terms & Conditions.