Cell Phone/Computer Repair Franchise in Central VA

Not Disclosed, VA

Central Virginia

Asking Price: Annual Revenue:
$275,000 $1,000,000

Retail: Electronics, Technology, Computers, Cell Phones

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RE: Cell Phone/Computer Repair Franchise in Central VA Broker: Gavin P Raphael
Owner Financing is Available!

Quick Facts

Asking Price: $275,000
Annual Revenue: $1,000,000
Net Profit: $130,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $5,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 306548609
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

Light & Raphael is pleased to offer a cell phone and computer repair franchise for sale in Central Virginia. Revenues are split roughly 60% for sales and 40% repair work. Revenues and profits have actually increased during the pandemic. Inventory is estimated at $120,000 and is not included in the purchase price.

Seller will provide support and training following the sale.

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Property Features and Assets:

Location is leased month-to-month but landlord will sign a new lease agreement.

Market Competition and Expansion:

The $4 billion U.S. cell phone repair industry has benefited from the widespread popularity of smartphones, which typically have fragile screens and hard-to-replace components. These characteristics have encouraged consumers to more frequently turn to professional repair shops to salvage devices that are still operable. The industry will be supported by the continued penetration of smartphones. The vast pool of damage-prone smartphones will remain high and support industry growth over the next five years. IBISWorld forecasts that industry profitability will remain at or near current levels in the next five years. A larger proportion of repairs will be for smartphones, which carry higher profit margins due to more expensive price tags.

Reason for Selling:

Owner wishes to pursue other interests.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is a franchise resale opportunity.

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