Cellphone, Electronics repair/Samsung/Google Warranty center

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Cellphone, Electronics repair/Warranty center
Asking Price:
$289,000

Gross Revenue:
$645,000
Cash Flow:
$130,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$20,000
included in asking price

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

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Business Description

Cellphone and electronics repair- Warranty center for Samsung & Google.

Motivated seller of well established profitable franchise location for cellphone and electronic repairs. We service all models of cellphones, laptops, computers, tablets and more.
We are currently ranked #18 in Franchise 500 magazine. As a location we are in the top 10% of the franchise companies 400 plus locations.
What makes this a great opportunity is the strategic partnerships the franchisor has established with other technology companies. We service warranty repairs for companies like Samsung, Verizon and AT&T, along with a dozen other insurance companies for electronics. Recently we have aligned with Samsung as a repair center for their cellphones, both in warranty and out of warranty, an achievement no other company has done. We are also the exclusive repair center for a little company called Google and all their Pixel phones. Customers are directed to our location from Samsungs and the Google website along with the customer service centers. This amounts to tens of thousands per month in revenue, with new customers and referral opportunities.
Located in a very busy retail district, we have established a number referral partners like AT&T, T-Mobile, Verizon, Sprint, Best Buy, Game Stop and more. Customers drive up to two hours to visit our store for repairs based on our reputation.
This store has been here for nearly five years and was one of the franchises first locations. My wife and I purchased this business in May of 2017 with the intention of developing several locations and using this location as a training hub and income source to launch other locations. Since that time we have increased the business nearly 95% and see it growing to well over 125% in 2018. This is a perfect opportunity for an investor, owner operator or semi absentee owner to develop the region with additional locations. We have a great relationship with the franchisor and can assist in securing a development deal for multiple locations. On average a new location is $150k to open, plus operation cost during ramp up to profitability.

About the Business

Year Established:
2014
Number of Employees:
5
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
950
Lease Amount/Mo.:
$3,077.00
Lease Expiration:
4/30/2026
Facilities:
The location includes over $30,000 in improvements and equipment. A minimum of $10,000 of inventory (additional inventory can be negotiated)
Market Outlook/
Competition:
As the market continues to grow, more customer are choosing to repair their devices instead of buying new ones. Our advantage over other independent repair business is our diversification. While most repair businesses rely primarily on iPhone repairs, we have partnerships with Samsung, Google and a number of insurance companies as well as iPhone repairs.
Growth & Expansion:
As a franchise over 400 locations have already been developed with another 600 already purchased for future development. We are ranked number one in our category by Franchise 500 magazine and number 18 overall. They are currently in every major market and are continuing to expand. Many owners of other major franchises, such as McDonald's, Little Caesars, Floyd Barbershop, and Steak and Shake have invested in this franchise.
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About the Sale

Reason For Selling:
All of our family lives on the east coast and we need to be closer to them.
Training/Support:
Company offers up to three weeks of training if you would like to take advantage of this. We will remain for several weeks to train and transition ownership.
Seller Financing:
Negotiatble

Listing Info

ID:
1412332
Ad Detail Views:
227

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Business Listed by
Louis Gragnano

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