Established, Profitable Cell Phone Repair Business For Sale

Death of the owner prompts the sale of this 11 year old cell phone repair store. The owner's father is managing the sale of the business, and has priced the business substantially less than its valuation of $94,000, to effect a quick sale.

Highlights of Business
• Nicely profitable business
• Could be operated with no employees
• Priced substantially less than its value for a quick sale
• Very well-established – in business since 2012
• Immediate profitability – take over one day, be profitable the next
• Clean books and records
• Beautiful, clean, upscale premises
• Business qualifies for SBA financing which means lower down payment and longer terms
• Seller will sign a non-compete agreement
• Substantial sales growth possible by adding additional services

The seller is representing that the Discretionary Earnings of the business for 2022 was $79,444 and can prove it to a buyer and their accountant's satisfaction.

Down Payment: $8,850

Total Sales: $130,342

Cash Flow: $79,444

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

Accounts Receivable Included: No

FFE: $16,900

FFE Included: Yes

Inventory: $18,000

Inventory Included: Yes

Year Established: 2012

Days & Hours of Operation: Monday-Friday 10-6; Saturday 10-5

Owner Hours Per Week: 5

Non-Owner Payroll: N/A

Employees: 2

Absentee Owner: Yes

Lease Option: An offer on this business would include a contingency of obtaining a lease acceptable to the buyer in all respects.

Real Estate: N/A

Monthly Rent: $825

Type of Location: Upscale, modern, well-appointed space on one of the busiest streets in Springfield

Square Footage: Approximately 800

Terms and Conditions?:

This business qualifies for SBA financing since it has good books and records and is priced very attractively for its Discretionary Earnings, which means a very low down payment required, and much longer repayment terms.

Reason For Sale:

Death of Owner

Training & Support:

The seller will provide 2 weeks of training after closing at no additional cost.

Historical Summary:

The business was started in 2012.

Competition:

The business has normal competition in the area.

Potential Growth:

There are several ways the business could be grown.

Financing/Terms:

This business qualifies for SBA financing since it has good books and records and is priced very attractively for its Discretionary Earnings, which means a very low down payment required, and much longer repayment terms.