For Sale: Cell Phone Accessories Repair Shop - San Jose

Description About This Posting: Cell Phone Accessories Repair Shop

Semi-absentee Business. High 70% Profit Margins. 15% Growth YOY.

This cell phone repair and accessories store within the San Jose area was established in 2013 by the current owner of the business. The business is located in a popular shopping mall surrounded by heavily populated residential neighborhoods. The mall has an Apple store and a Movie Theatre that attract tons of foot traffic. Being an established store in the mall, All carrier stores and even the Apple store employees send referrals for repairs and accessories. Most customers come from surrounding neighborhoods and walk-in traffic provided by the mall for quick repair service for their cellular phones. All other competitors in the mall and surrounding areas only do iPhone repairs where as this shop provides repairs for all cellular devices and tablets. The shop is one of the few shops in San Jose who is an Authorized dealer for popular brands such as OtterBox, LifeProof, Speck, Spigen, PopSocket, Mophie, Prodigee, Incipio, Jabra, Cell Helmet and more.

SERVICES PROVIDED:
1. Cell Phone Cases and Screen Protectors for ALL Manufacturers
2. ALL Cell Phone Repairs
3. Tablet Repairs
4. Customized Phone Cases for Popular Models
5. Back Glass Repair for iPhones
6. Some MacBook Repairs
7. Other Accessories: Chargers, Power Banks, Airpod Accessories, Apple Watch Accessories

MARKETING:
The current owner has done minimal to no marketing so far. They have over 4000 emails from local customers, 100+ Reviews on Yelp with 4+ Stars, 125+ Reviews on Google with 4.8 Stars. The website has been setup with an appointment system that generates 5-10 repairs a month. The new owner can implement weekly or monthly email marketing to send out promotions. Improve the social media presence and run Facebook and Instagram Ads to attract more local traffic. Add a CMS (Customer Management System) to send out automated emails after repairs to get more reviews.

FINANCIALS:
Gross Sales 2018: $390,000
Net Profit 2018: $50,000
Rent 2018: $7,500

Projected Gross Sales 2019: $450,000
Projected Net Profit 2019: $90,000
Renegotiated Rent: $6,000

The store was moved to a different location in 2017 which caused a decline in sales from an average of 45K a month to an average of 28K a month. It was moved into a much smaller location. Since then the store has been steadily gaining back the sales with 2018 monthly average being 32K and 2019 monthly average projected to be at 36K. The rent was recently renegotiated from $7.5K to 6K adding an additional $18K in net profit.

GROWTH AND OPPORTUNITY:
The current owner has recently bought all the equipment needed to start doing micro-soldering jobs which will be a great way of generating extra income from other similar businesses. This will turn your competition into your customer. They have also bought a laser machine to do back glass repairs on iPhones which no other competitor is doing currently. This will be a huge advantage as the next wave of phone repairs will all need the back glass repaired.

The store has a lot more potential as other services were being planned to be added;
1. More focus on Used Cell Phone Sales
2. Repairing Laptops and MacBooks
3. Microsoldering Board Level Repairs
4. Data Recovery Services
5. B2B Services
6. Bulk Unlocking services

REASON FOR SELLING:
The owner is planning to move back to Texas as they have family that needs them there.

TRAINING:
The owner will provide 30 days of onsite support after the sale. And will be available for phone and email support after that. He will be working in the same industry in Texas and will share any insight or growth ideas with the new owner. All popular repairs will be taught to new owner if needed.

Excellent location! Nice and beautiful store
Lots of foot traffic. They Sell new and old phone and repair all sort of cell phones new or old cell phones with good margin.. Selling Tons of accessories with great margin

Asking Price:
$150,000

Cash Flow:
$90,000

Gross Revenue:
$450,000

EBITDA:
N/A

FF&E:
$60,000

Inventory:
$30,000*

Rent:
$6,000 /Month

Established:
2013

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