HS Listing ID-69535

Fully absentee phone store located in a high density New York City retail corridor. The store operates without owner involvement and is run entirely by staff. The business generates strong monthly cash flow with low fixed overhead.

Key Business Highlights
• Fully absentee operation
• Store is run day to day by two employees
• Extremely low rent at $3,000 per month
• Five years remaining on an assignable lease
• $25,000 of inventory included in the sale
• Works with all major carriers including AT&T, Verizon, and T-Mobile
• Offers prepaid phones and plans
• Provides in house phone repair services

Staffing
• Two employees manage daily operations
• Employee one is paid $200 per day worked
• Employee two is paid $170 per day worked
• Owner involvement is not required for daily operations

Financial Snapshot
• Annual Net Income: $150,000
• Gross revenue intentionally omitted per seller preference

Top Operating Expenses
• Rent: $36,000 annually
• Payroll: Two employees paid on a daily rate basis
• Other Expenses: Consolidated into operating cash flow, no material additional expenses disclosed at this time

Lease Details
• Monthly Rent: $3,000
• Term Remaining: 5 years
• Lease Status: Assignable to buyer

Inventory
• Approximately $25,000 included in sale

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION