Cell Phones in 2 of the busiest Locations in America very high net

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Asking Price:
$150,000

Gross Revenue:
$420,000
Cash Flow:
$150,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$75,000
not included in asking price

FF&E:
$35,000
included in asking price

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Business Description

This is an 11-year-old business that is in two of the busiest grossing Factory Outlet Malls in the whole of the United States. These outlets cater to the enormous amounts of tourists that come from all over the World to one of the Worlds top holiday attractions Orlando Central Florida !. Cell phones are one of the top-selling commodities in most countries and are cheaper here in the States than most other countries. Tourists shop at these outlets till they drop and these kiosks gross about an average of 35,000 a month with average profits of about $12,5,000 a month up or down depending on the month. This is a seasonal type of business and has its good and slow months depending on the school holidays and the seasons like Chrismas and summer holidays when you cannot find a parking place. The sellers carry about $75,000 in inventory over the three units. Staff number about Four and payroll about $2,000 a week. Hours 10:00 am to 11:00 pm 7 days a week. Rent for the three units is $17,300 per month. accessories carry a very high-profit margin, activation is average in the trade, but the sale of unlocked phones to overseas buyers is the biggest profit center. The sellers are content with there operation as it now is but there are so many other locations that can be obtained, some in other tourist locations and also in areas that cell shops could be supported by the local populations just looking for service. The sellers know this business inside and out and it will lend itself to an overseas buyer that can speak Spanish (it is not necessary but will help)who requires a visa to reside in the USA. Financing can be arranged on the inventory. This is very much a cash business and no credit is extended other than credit cards.

About the Business

Location:
Orlando, Florida
Year Established:
2006
Number of Employees:
4
Real Estate:
Leased
Building Sq. Ft.:
24
Rent:
$17,300.00 Per Month
Lease Expiration:
7/31/2020
Facilities:
This business has three kiosks two in the Lake Buena vista factory outlet and one in the International outlet. Thes are self-contained units that are rented and customized for their products.
Market Outlook/
Competition:
There are other kiosks that sell accessories but do not sell both accessories and activate phones as well or have as good locations as these units.
Growth & Expansion:
Not a lot you can do other than keep up with the new and latest trends in phones and cases, cables and the latest phone planes from the carriers like AT&T, Sprint, Etc.
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About the Sale

Reason For Selling:
Owners have been there for 11 years & have made good money & would like a change
Training/Support:
The two owners will train for up to a month and be on call after the sale if needed but this should not be necessary as there is not that much to learn and sellers will leave a complete list of vendors and the staff know what to do and have been there for quite a while and are quite happy with there jobs.
Seller Financing:
to be negotiated

Listing Info

ID:
1660364
Ad Detail Views:
350

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Business Listed by

John Price

John Price Broker & Associates
License# BK3007512

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