Gross revenue: $1,138,560
Cash flow: $405,365
Furniture, fixtures & equipment: $160,000 (included in price)
Inventory: $60,000 (included in price)
This business is one of the leaders in its regional market. It has four locations and the first one opened 10 years ago and last one was opened in 2016.
It is positioned in the market as the premier location for cell phone and mobile device repair services and its near five-star ratings in yelp and google attest to its reputation with customers. The company also offers an extensive selection of phones, tablets, and other electronics as well as computer repair services and installation services for home security surveillance systems. The company has in-house expertise in micro-soldering and electronic repair work and has strong ties to the community where it is seen as a trustworthy, one stop shop for electronics repair and merchandise.
The stores offer customers a wide range of cell phone, computer and tablet repair services at reasonable prices and in convenient downtown locations. The company also sells a wide range of cell phones, service plans and electronic devices for communication, home security and entertainment purposes.
Location: San Francisco north bay area
Facilities: four store fronts each at about 1,000 sq. ft. on or near highway 101
Leases: leases are in place for numerous years at cost effective rates. One store has expired lease but landlord willing to negotiate long term lease with similar fair terms with new owner.
Staffing: at each location there is a full time employee each day and at busy times of the year there is a part time employee to assist in operations.
The employees have been with the business for a number of years and have good relations with the customers. These highly competent employees are likely to stay on after transfer to new ownership.
Competition: most of the competitors in the area are large stores where those businesses focus more on retail of other products like batteries or office supplies.
Growth and expansion: part of the reason why there is strong growth in this industry is the fact that the cost of a smartphone makes it worthwhile to repair it. With top-of-the-line phones retailing for $1,000 or more when not associated with a promotional plan, spending $100 to repair a broken phone seems like a valid investment. Overall market growth is conservatively projected to be 5% per year over the next five years. This is a trusted brand and there is room to grow more locations in the San Francisco bay area.
Support/training: the seller will provide up to 2 weeks, 20 hours per week, of training and introductions to further ensure a smooth transfer of ownership.
Reason for sale: was successful with this business but looking for new challenge.
Year established: 2010
Employees: four full-time and four part-time
Financing: the seller may provide some financing for a well-qualified buyer with a substantial down payment.