Profitable Apple Repair Centers with 2 Locations in East Bay

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Asking Price:
$357,000

Gross Revenue:
$655,000
Cash Flow:
$142,000
(Seller's Discretionary Earnings)

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

FF&E:
$8,500
included in asking price

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Business Description

Established in 1996 in Palo Alto, this business has over twenty years of experience repairing Apple products in the San Francisco Bay Area. The business now has two stores in the East Bay that provide an alternative source to Apple's Corporate retail stores. Interestingly, they get a large number of referrals from these stores for products and services not carried by the corporate stores (e.g. data recovery). They also get referrals from AT&T and Verizon stores.

The company currently has a General Manager in place and four highly trained full time employees and several part time employees. Neither of the owners is active in the business. The customer database contains 30,000 highly loyal customers in the surrounding communities. They have a good website, strong social media presence, and good Yelp ratings with a large number of reviews.

Sales have been consistent with the last three years averaging $655K and earnings of $142K. Significant growth opportunities exist by having an active owner in the business, furthering relationships with Apple Stores, driving new school services (a growing market trend for the company), and becoming more active in the local communities they serve.

This opportunity is ideal for an existing store owner looking to expand or an Apple enthusiast who loves tinkering with their products and identifying upcoming trends.

The sellers are both retiring from the business to pursue other opportunities and are willing to sign a non-compete agreement. List price is $357,000 which includes furniture, fixtures, and equipment and inventory.

Please contact Ron Schwab at 925.304.2175 or email ronschwab1@gmail.com for additional information.

About the Business

Location:
Contra Costa County, California
Year Established:
1996
Number of Employees:
4 FT- 3PT
Real Estate:
Leased
Building Sq. Ft.:
1,000
Rent:
$3,465.00 Per Month
Facilities:
I store approximately 1,500 sq. ft. the other is approximately 1,000 sq. ft.
Market Outlook/
Competition:
There are many cell phone repair stores, but there are very few full service Apple and Data Recovery stores in the area. This is the primary reason they have been successful.
Growth & Expansion:
Significant growth opportunities by having an active owner in the business, furthering relationships with Apple Stores, driving new school services, and becoming more active in the community.
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About the Sale

Reason For Selling:
The sellers have decided to retire from the computer repair business.
Training/Support:
The sellers are willing to provide 40 hours of free training as part of the sale. Any additional consultation or training would be done for compensation at a rate agreed to by seller and buyer.

Listing Info

ID:
1534910
Ad Detail Views:
1611

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Business Listed by

Ron Schwab

Nor Cal Business Sales
License# 01716123

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