Asking Price: $357,000 Gross Revenue: $655,000Cash Flow: $142,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $20,000 included in asking priceFF&E: $8,500 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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 email@example.com for additional information.
About the Business
Contra Costa County, California
Number of Employees:
4 FT- 3PT
Building Sq. Ft.:
$3,465.00 Per Month
I store approximately 1,500 sq. ft. the other is approximately 1,000 sq. ft.
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.
Profitable Apple Repair Centers with 2 Locations in East Bay
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