Cellphone Electronics Store
Business Description
Established cellphone and electronics retail store operating successfully since 2018 in Brooklyn, NY. This profitable technology business generates $750,000 in annual revenue and is strategically positioned in a high-traffic commercial area.
Business Overview:
This turnkey operation specializes in cell phone and computer repair services alongside electronics retail. The business benefits from consistent customer demand driven by the essential role technology plays in daily life. Located in Brooklyn's bustling commercial district, the store enjoys strong foot traffic and established market presence.
Financial Performance:
- Annual Revenue: $750,000
- Asking Price: $350,000 (includes $450,000 inventory)
- FF&E Value: $60,000
- Strong profit margins with sustainable business model
Operational Strengths:
- Experienced staff with years of tenure providing operational continuity
- Easy-to-manage business systems and processes
- Established supplier relationships and inventory management
- Profitable and sustainable operations with proven track record
Growth Potential:
The technology sector's continuous evolution creates ongoing opportunities for new product introductions and service expansion. Rapid technological advancement ensures consistent customer demand for both repair services and new electronics, supporting business innovation and growth.
Owner Support:
Seller offers comprehensive transition support including training on inventory management, operational systems, and complete supplier contact information to ensure smooth ownership transfer.
Sale Reason:
Owner relocating to another state, creating opportunity for qualified buyer to acquire established, profitable technology business.
This represents an excellent opportunity to acquire a well-established electronics business in Brooklyn's competitive market with strong fundamentals and growth potential.
Business Overview:
This turnkey operation specializes in cell phone and computer repair services alongside electronics retail. The business benefits from consistent customer demand driven by the essential role technology plays in daily life. Located in Brooklyn's bustling commercial district, the store enjoys strong foot traffic and established market presence.
Financial Performance:
- Annual Revenue: $750,000
- Asking Price: $350,000 (includes $450,000 inventory)
- FF&E Value: $60,000
- Strong profit margins with sustainable business model
Operational Strengths:
- Experienced staff with years of tenure providing operational continuity
- Easy-to-manage business systems and processes
- Established supplier relationships and inventory management
- Profitable and sustainable operations with proven track record
Growth Potential:
The technology sector's continuous evolution creates ongoing opportunities for new product introductions and service expansion. Rapid technological advancement ensures consistent customer demand for both repair services and new electronics, supporting business innovation and growth.
Owner Support:
Seller offers comprehensive transition support including training on inventory management, operational systems, and complete supplier contact information to ensure smooth ownership transfer.
Sale Reason:
Owner relocating to another state, creating opportunity for qualified buyer to acquire established, profitable technology business.
This represents an excellent opportunity to acquire a well-established electronics business in Brooklyn's competitive market with strong fundamentals and growth potential.
About the Business
- Years in Operation
- 8
- Employees
- 2 Full-time
- Facilities & Assets
- The store has an office and a space for technical service. It also includes the basement for storage and a glass display window facing outside. Inside, it has display cases, stands for televisions, a central island, and a large new stand for the cash registers. The store is fully stocked with merchandise: phones, televisions, speakers, accessories, and many other electronics and appliances.
- Market Outlook / Competition
- Currently, the technology market is an essential part of people’s lives, which helps ensure a high flow of sales. The store is located in an area with significant commercial traffic.
- Opportunities for Growth
- It is a business that offers the opportunity to recover the investment in just one year, considering that technology continues to advance and constantly introduces new products that help drive innovation in the business.
About the Sale
- Seller Motivation
- The reason the business is being sold is because I am moving to another state.
- Transition Support
- I am willing to provide training regarding the inventory, the work system, and I can also provide all the supplier information.
Listing Info
- ID
- 2482045
- Listing Views
Business Location
Listing ID: 2482045 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 of Use. Learn how to avoid scams.
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