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Global Business Brokerage Inc. where you will experience a "World of Difference"
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Industry: TelecommunicationsSegment: Retail - Cellular Telephone & Accessory SalesAT& T, Alltel, Sprint, Cingular, T-Mobile LOCATION! LOCATION! LOCATION! Beautiful New Retail Store - Located on Tyrone Boulevard in Pinellas County, on the corner of a very busy street in a well established Shopping Center next to a very busy Maytag store. Good visibility from the street, great parking and 63,000 cars pass by per day! Geography: Tampa Bay Area - Pinellas County - Busy Tyrone Blvd.
Asking Price: $ 101,000 - CASH - SORRY - JUST SOLD!Owner Benefit: $ 100,330 Sales: $ 155,650 NEW INFO - JUST IN (AS OF 1-31-05) !!! - ACTIVATIONS BETWEEN DEC. 18TH AND JAN. 18TH - INCREASED TO 70 - (UP 20 ACTIVATIONS FROM LAST YEAR! THIS IS WAY OVER MONTHLY AVERAGE) - A SURE SIGN THAT SALES ARE DEFINITELY INCREASING! - THIS BUSINESS IS NOT GOING TO LAST! Reason For Sale: Owner just opened a very large Cell Phone Store in St. Petersburg and cannot manage both. Established: 4 Years Inventory: $5,000 (included in sale) FF&E: $17,000 (included in sale) Lease: 600 Sq. Ft. at $1,600 per month. 2.5 Years remaining on 3 Yr. Contract Hours of Operation: Monday through Saturday 10:00 AM to 7:00 PM, Sunday 12:00 to 6:00 PM Training: Owner will provide a training program, which he has developed which takes approximately 1 month. There will be in-store training at this facility and training in his new very large Tampa facility. He also offers a Non-Compete Agreement of one mile for two years. Are you looking for a great business opportunity, with a great price, in a fantastic location?... WELL,THIS MAY BE IT! This Cell Phone store produces more income than any we have previously listed and sold at a price that is VERY COMPETITIVE!!! THIS IS A GREAT BUY~ When you do the math for the numbers below, you will be amazed at the great value you will receive in purchasing this business! (Read On) DESCRIPTION OF BUSINESS: This beautifully designed Multiple Brands - Cellular Retail Store is located on a Shopping Center mentioned above. This is a well established shopping center. The neon exterior signage and the interior new signage, gives the appearance of a very high-tech, state-of-the-art, upscale, retail store. (Photo gallery available through the Broker). In case you are not familiar with Pinellas County, Tyrone Blvd. is a major East/West Road with 68,000 cars passing by daily in this location, Monday through Sunday. In addition, this is a major thoroughfare to the beach, which is only a few miles away. (Just think, you can visit the beach on your lunch hour) It is a major thoroughfare to shopping, restaurants and many upper scale housing subdivisions. If moving to Tampa Bay - great area to live in and close to great schools to raise a family! YOU WILL LOVE THIS AREA! Great shopping, great restaurants, great schools, and many churches to choose from... to raise your family! ... and it's not very far from the beach on your "days off". A PICTURE IN THIS INSTANCE IS DEFINITELY "WORTH A THOUSAND WORDS"!! Remember to have the Broker e-mail you the photo gallery. This store has a well established track record and established client base, which has been developed during the past 4 years. The cell phone saturation rate in Tampa Bay, is only 55%, which is significantly less than cities of similar size located in North America. This means that, you will be able to continue to experience the tremendous growth in sales for several years to come. New products being offered by the cell phone companies and rate plans are very attractive and add to increased cell phone sales. SALES - December, 2003 through November, 2004: *Activations: 55 (Average Commission $235.00 Each) = $129,250 **Accessory Sales (Average $2,200 per month @ 90% profit) = $ 26,400 TOTAL FOR YEAR $ 155,650 * Activation Commission is paid 30-45 days from date of sale. ** Accessory Sales average 90% ++ Profit Margin! MONTHLY ACTIVATION RECORD: December 53 May 29 October 55 January 50 June 62 November 61 February 57 July 54 December ? March 44 August 50 April 49 Sept 45 YOU DO THE MATH... REVENUE: YOU DO THE MATH ON THE MONTHLY GROSS SALES ANNUALIZED...AND REMEMBER THIS IS NET INCOME COMPRISED OF COMMISSIONS RECEIVED FROM THE PHONE COMPANIES AND ACCESSORY SALES. MONTHLY EXPENSES: Sales MGR Base Pay $ 1,200 Sales Commission $ 1,375 (55 Activations @ 25.00 each) Rent $ 1,650 Electric $ 150 Phone & DSL $ 125 Insurance $ 110 Total Monthly Expense $ 4,610 Total Sales = $155,650 Less Expenses Annualized (-) 55,320 Owner Benefit $100,330 The owner benefit assumes that the owner will manage the business. You could consider taking from the owner benefit a maximum of $1,000 per month or $12,000 annually for a dynamite advertising program to increase your sales. The above numbers also do not take into consideration increased sales which most assuredly could be generated with additional aggressive marketing program. The current owner believes that this store, its location and 4 year successful track record of sales could generate 75 activations per month with an owner-operator and a marketing program. This could generate an additional 20 activations per month at $235.00 average commission X 12 months = $56,400 additional income, not considering additional accessory sales that would accompany this number. $156,700 potential attainable owner benefit. Are you up to this challenge? In addition to the cellular phone carriers above, consider the advantage of being a T-Mobile authorized dealer. The current owner believes this is the area in which you should be able to increase your monthly sales since T-Mobile is a very aggressive carrier in this market. FEATURE BENEFITS OF BEING A T-MOBILE CELLULAR DEALER
OH YES, AND JUST ONE MORE THING TO CONSIDER.... Check out on this web-site, a Cell Phone store that recently sold (they don't last long) within one month of being listed, sold for $165,000. Compare the price of this business to that SOLD Business... CALL TODAY BECAUSE THIS BUSINESS LISTING WILL NOT LAST! Disclosure: Global Business Brokerage, Inc. has on file the signature and the Sole and Exclusive Right to Sell Listing Agreement, Equipment List, Lease and Cash Flow Analysis. Information provided herein has been provided by the seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary. |
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