Absentee Electronic Repair Store

Not Disclosed, TX
Collin County

Asking Price: Annual Revenue:
$195,000 $404,414

Services: Computer, Internet, Technology Repair & Services

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RE: Absentee Electronic Repair Store Broker: Brian Martin

Quick Facts

Asking Price: $195,000
Annual Revenue: $404,414
Net Profit: Not Disclosed
Cash Flow: $132,895
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 2015
Employees: 2
BBN Listing #: 448350077
Broker Reference #: 41041-159524

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Business Overview:

Retail store front electronic repair store and accessory retailer.

Business currently being managed by a general manager. Owner works 1-2 days on the weekend while keeping his full time job. Manager makes $40,000 - $50,000 a year depending on sales. Buyer could either work full time or allow a general manager to stay in place. General manager very interested in a long term partnership or gaining some stake in the business.

Numbers shown are a reflection of a buyer working full time in the business. Absentee owner should adjust $45,000 out of the cash flows. Which should leave a little more than $85,000 for the buyer. If the buyer additionally doesn't want to work Saturday one should account for one more part time employee to cover that shift.

Valuation and numbers presented represent an annualized 9 months (Months 1,2,6,7,8,9,10,11,12) which is an effort to remove the effects of COVID. Numbers presented are also inline with 2019 which had a profit of $129,000. Actual 2020 profit was $105,000 with no COVID adjustments.

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Reason for Selling:

Other business 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 not a franchise resale opportunity.

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