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Business For Sale
ELECTRONICS & CELL PHONE RETAILER
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Asking Price: |
Not Available |
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Business for Sale Industry: |
Retail: Non-classifiable
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Year Established:
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1995 |
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# of Employees:
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2 FT, 2PT, Franchisee |
Business for Sale Overview:
Cell phone & services retailer. Become part of the #1 cellular superstore franchise, dedicated to the lucrative cellular market, bringing cell phone equipment and service plans from all major national and regional carriers under one roof for one-stop shopping. With over 150 locations open in 20 states at summer 2006, the company is by far the largest franchise of its kind. We offer cellular phones, accessories, and service plans for Cingular, Sprint/Nextel, T-Mobile, and Verizon as well as regional carriers – depending on the geographic area –plus satellite TV offerings from DirecTV and Dish Network. Service plan pricing is identical to that offered in carriers’ corporate stores, and equipment prices are the same or lower.
Property Features and Assets:
Capitalize on the escalating growth of wireless technology... (1.) Industry sales are $113 billion nationwide and expected to double in 3 years. (2.) 207 million wireless subscribers in the market today. (3.) 100 million handsets sold in 2005 (50 million will upgrade annually). (4.) 40-50% of consumers prefer to purchase through multi-carrier retail locations.
Market Competition and Expansion:
Industry Growth Trends. (1.) Growing demand for entertainment-based services is further expanding the wireless market. (2.) The strongest user group today is men and women ages 31 to 45. This group will move into their peak spending over the next 10 years. (3.) Increased usage by youth, ages 10 to 24. This age group is labeled as the fastest growing market for wireless voice and data services in the United States over the next several years. (4.) The U.S. subscriber base is projected to increase at an average rate of 16.8 million subscribers per year during the next 5 years. Sources: CTIA Wireless Association, April 2006, Solomon-Wolff Associates.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This may become a homebased business opportunity.
- This is a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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