PENDING High Vol Verizon Store For Sale

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#1 Wireless Carrier In The U.S
Asking Price:
$143,000

Gross Revenue:
$925,671
Cash Flow:
$123,500
EBITDA:
$123,500
Inventory:
 Not Disclosed

FF&E:
$35,000
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 an affluent Orange County, CA 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.

The right owner operator can turn six figures of income in this desirable Orange County city. It has been ran semi-absentee by current owner due to having multiple business ventures and has a stable business clientele. Surrounded by multiple businesses that send employees in for their 500+ line accounts.

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 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 $95,000 annually. Irvine Company in process of building over 300 homes in the next 2 years within 5 minutes of this plaza.

No Royalties. No Franchise Fees.

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

About the Business

Location:
Orange County, California
Year Established:
2016
Number of Employees:
1
Real Estate:
Leased
Building Sq. Ft.:
950
Rent:
$3.60 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:
No Financing. Priced For Quick Sale.

Listing Info

ID:
1428609
Ad Detail Views:
0

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Business Listed by
Mo Aziz
U.S. Census Data for Orange County, CA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Orange County, CA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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