A Profitable Franchise with Growth Potential

Traverse City, MI
Grand Traverse County

Traverse City MI


Asking Price: Annual Revenue:
$1,000,004 $1,123,165

Retail: Electronics, Technology, Computers, Cell Phones


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RE: A Profitable Franchise with Growth Potential Broker: Bill Malek

Quick Facts

Asking Price: $1,000,004
Annual Revenue: $1,123,165
Net Profit: $10,500
Cash Flow: $114,572
Total Debt: $65,000
FF&E: $35,000
Real Estate: Not Disclosed
Year Established: 2011
Employees: 7
BBN Listing #: 512156932
Broker Reference #: 191210

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Business Overview:

This franchise store opened March 20, 2011 located in Traverse City Michigan. The store is 1,800 sq. ft. that includes the showroom, tech center, and office. The store holds approximately $110,000 in inventory. This Company is in a $32 billion industry.

There is no other franchise of its kind that offers sales and technical support and service far superior to large box stores and mail in service with two to three week wait.

This Traverse City Franchise has grown its sales an impressive 69% over five years. The store has seven full time employees and a part time Admin person. The Pay range is between $12 per hour down to $20 per hour.

The Franchiser offers training and support for those not experienced in business. The franchise offers over 600,00 unique products in its 30 year history.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

The business has a leased 1,800 sq ft. building set up according to the franchiser.

Market Competition and Expansion:

The growth has just begun by offering product sales opportunities by adding new satellite locations in Gaylord and Charlevoix. Additional product sales opportunities in commercial markets and online sales.

Reason for Selling:

Retirement

Additional Details:

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

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