Seller's Contact Information

  • RE:  Franchise Wireless Service Provider
  • Contact:  Kevin Chung
  • License #: 567204

Quick Facts

Asking Price: $40,000
Annual Revenue: $479,378
Net Profit: Not Disclosed
Cash Flow: $46,668
Total Debt: Not Disclosed
FF&E: 5,000
Real Estate: Not Disclosed
Year Established: 2007
Employees: 2
BBN Listing #: 492819188
Broker Reference #: 001200

Email or Print Listing

Business Overview:

15-year established national franchise wireless service provider is available for acquisition. With the low-cost and affordable telecommunications market, this nationwide retailer is known as the top-performing cellphone retailer compared to the competition. The business provides various services/products, such as new phones with new plan activation's, phone upgrades, phone accessories, and other add-on features like insurance. This business was established by the current owner in 2007 at a different location but relocated to the current superior location 10 years ago. This business operates out of a 950 SF end cap of the retail strip center anchored by a movie theater adjacent to the business and other national retail businesses, which creates organic foot traffic to the business. This business has enjoyed a steady number of activation's, accessory sales, # of payments, and a relatively high retention rate throughout the past few years. 2021's gross sales were $422,000 and is projected to reach over $500,000 in 2022. The average monthly activation's are 130-140, the amount of accessories sold is approximately $3,500-$4,000, and the average payments are $13,000 and over 200 payments.

Currently, the corporate provides the majority of marketing across nationwide platforms, but there is no other marketing done by the current owner. By implementing direct marketing, social media, and online marketing, and providing specials to attract new customers from the untapped areas of the city, the business can enjoy an overall increase in revenue in the short and the long run. The owner is minimally involved in the business and is run as a semi-absentee. The two associates handle day-to-day operations and the business is efficiently run autonomously by the associates, while the owner's main roles are keeping books and records up to date, payroll, and helping the associates only as needed. This opportunity is suitable for those buyers who already own a similar business and wish to expand or for those who wish to be minimally involved while enjoying passive income.

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Property Features and Assets:

This business is located in 950 SF end cap retail center anchored by a movie theater and several other national retail businesses and restaurants. It is conveniently located next to a major highway and the large signage is easily visible. The security and theft issues are non-existent due to the security patrolling the shopping center during the night. / Inventory: $63,000 (Not Included in listed price).

Market Competition and Expansion:

Competition: One direct competitor is within the immediate market area across the highway, but the competitor has its own demographic and doesn't affect the sales of this business due to its superior location, visibility, and great customer service. / Growth and Expansion: Corporate provides a majority of all marketing across nationwide platforms. The greatest asset for both businesses is the consistency and steady growth that the corporate provides through year-round marketing. To further grow the sales, more proactive online and direct marketing is needed to acquire new customers from the untapped area and realize its full financial potential.

Reason for Selling:

Personal reasons.

Additional Details:

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

Documents:

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