Semi Absentee Mobile Phone Retailer

Not Disclosed, WA
King County


Asking Price: Annual Revenue:
$95,000 $724,818

Retail: Electronics, Technology, Computers, Cell Phones


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RE: Semi Absentee Mobile Phone Retailer Broker: Kevin Moen
Owner Financing is Available!
$50,000.00

Quick Facts

Asking Price: $95,000
Annual Revenue: $724,818
Net Profit: Not Disclosed
Cash Flow: $69,234
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: 2013
Employees: 4
BBN Listing #: 792452112
Broker Reference #: 31861-876744

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Business Overview:

This South King County Mobile retailer is a high performing location available for sale at a competitive price! Nationally recognized name, this business is a strong performer among its peers, enjoys a competitive lease rate locked in for 5 years, and very little to no competition in the immediate area. Improving financials year over year, with a strong net profit.

Semi Absentee owner currently manages staff schedules, inventory, cash management, and reporting allowing for a turn key investment for a new semi absentee owner, or additional income from day 1 for an owner operator. Investor with capital to order bulk purchases can manage this business remotely, making a complete absentee opportunity.

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Property Features and Assets:

Current ownership has sold other locations owned previously as they prepare to exit the industry entirely with this being the last, and best, location. Current owner role can be complete absentee with larger order volume allowing for drop shipment of inventory to this store. Owners current role is comprised of: Creating employee schedules Ordering and managing inventory Auditing financials (can be outsourced for $80/mo) Cash management

Market Competition and Expansion:

New ownership can either take over management and increase their bottom line from day 1, or purchase the business as a semi or absentee owner. Investor buyer with ample capital can purchase inventory in bulk with drop ship available, removing requirement to physically manage location. Further growth is available through: Increased inventory and promotion for product sales Reduction of payroll through active owner management Expanded marketing, no immediate competition around

Reason for Selling:

Change

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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