Affluent Palos Verdes Verizon Store For Sale

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#1 Wireless Carrier In The U.S
Asking Price:
$127,000

Gross Revenue:
$1,002,516
Cash Flow:
$108,000
EBITDA:
$108,000
Inventory:
 Not Disclosed

FF&E:
$39,600
included in asking price

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Business Description

Nationally Ranked #1 Wireless Carrier by Root Metrics 8 years in a row, this is your chance to buy an exclusively approved, high volume, Verizon Wireless retail location in a VERY affluent South Bay community. Owning the rights to offer clients the best in wireless comes once in a lifetime. This store has proven to be a profitable owner-operated business generating solid positive cash flows month over month, year over year. Verizon is the ONLY carrier that provides the best reception in this high end area.

The right owner operator can turn six figures of income in this desirable city. It has been ran semi-absentee by current owner due to having multiple business ventures and has a stable business clientele. Location has also done less then $1,500 TOTAL in marketing - tremendous upside/exposure opportunity.

Amazing upside potential with the right buyer! 5G Wireless is around the corner (Verizon is first to 5G already with select markets, Greater LA is already LIVE!) New 5G compatible phones launching early to mid 2019 which will generate the need for current customers to upgrade to gain the new 1GB fast internet speeds.
New owner-operator can also provide cell phone repairs (current owner can provide some leads to get started). 5 phone repairs a day can easily add additional $4500 in monthly PROFIT. Additional revenue can be generated by proper owner operator by transferring over existing contracts for Home Security sales and Home Cable/Internet Sales.

Average HH Income For 1 Mile Radius of store in excess of $135,000 annually with average housing prices $1,000,000+.. Great "Shop Local" Community.

No Royalties. No Franchise Fees.

Priced for a quick sale! For more information, please inquire below

About the Business

Location:
Los Angeles County, California
Year Established:
2016
Number of Employees:
1
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,200
Rent:
$4.50 Per Month
Facilities:
Signage, Fixtures, Dummy Phone Displays, All Marketing Material, Inventory Safe .. Included.
Market Outlook/
Competition:
Verizon has the best brand recognition in the wireless industry and by having the best ranked national cellular reception and service set a Verizon store apart from any typical wireless location. This store is located 3 Miles+ away from other similar locations, and has a set 2-3 mile protection from carrier to prevent over lapping saturation to this location.
Growth & Expansion:
The right owner has tremendous upside by adding: cell phone/computer repairs, marketing to local community through events and outreach, Small-Medium business sales, focusing on additional services to sell such as home security/home cable internet. Becoming a full one stop shop for all wireless needs
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About the Sale

Reason For Selling:
Owner Relocating To East Coast For Family Reasons. Selling All Locations.
Training/Support:
Training provided by the Carrier and Master Agent. Carrier phone support available daily during operating hours. Seller will provide smooth transitional training for 10 days.
Seller Financing:
Priced To Sell Quick.

Listing Info

ID:
1428610
Ad Detail Views:
0

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Business Listed by
RJ Saini

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