$130,000 NET Absentee-Run 2 Locations Cell Phone

Phoenix, AZ
Maricopa County

Asking Price: Annual Revenue:
$225,000 $775,000

Retail: Electronics, Technology, Computers, Cell Phones

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RE: $130,000 NET Absentee-Run 2 Locations Cell Phone Broker: Mike Darmo
Owner Financing is Available!
$125,000 down payment and the balance of $100,000 for 3 years at 7%

Quick Facts

Asking Price: $225,000
Annual Revenue: $775,000
Net Profit: $130,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $65,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 419759836
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

If you are looking for a turn-key set of cell phone stores that offers all the major carriers and does repairs as well and is run absentee with the owner never working there then look no further. The stores have tons of potential with a more engaged and dedicated owner is ready to take it to the next level. Also run it yourself and make an additional amount of net per year by covering both managers. The stores each have a lease rate of $3500 for 1600 sq.ft and $3700 for 2900 sq.ft. and both leases are month to month and both landlords are willing to create a new lease for the new owner. The stores are situated in prime locations with lots of foot traffic and are waiting for you to take it to the next level. Both stores together average around $775,000 per year in gross sales and $130,000 in net profit after all expenses per year. The accessories have a margin of over 60%. The inventory is not included in the price and must be paid separately but the FF&E is included in the price and this net income and the owner's involvement to day to day operation this is a steal. The seller is also offering seller financing with $125,000 down payment from the buyer the owner will carry the balance of $100,000 for 3 years at 7%. Hurry up this will go quick.

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Property Features and Assets:

Two stores each have 1,600 square feet and 2,900 square feet.

Market Competition and Expansion:

Tons of room for growth with more marketing and more owner involvement.

Reason for Selling:

Cutting down Portfolio.

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 not a franchise resale opportunity.

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