Global Business Brokerage Inc. where you will experience a "World of Difference"
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Global Business Brokerage Inc. where you will experience a "World of Difference"
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Industry: Cellular Phone Sales & RepairIdeal Location in Hillsborough County, Florida on Dale Mabry Established 12 years, with a database full of happy customers! Segment: NEW & USED PHONE SALES, CELL PHONE UNLOCKING, RETAIL ACTIVATIONS,UPGRADES, NON-CONTRACT SALES, ACCESSORY SALES & REPAIRGeography: Tampa Bay Area - On Dale Mabry Highway - 54,000 cars pass by each day! Asking Price: $ 85,000 CASH was $164,000 - DRASTICALLY REDUCED - OWNER LEAVING COUNTRYRevenue: $205,000 Per Year. (This is calculated based on January through May 2011 Actual Sales) NOTE: Quarterly P & L Statements prepared by the Business CPA as well as Federal Tax Returns are available at the Seller's Office. Owner Benefit: $ 76,616 - Per Year Inventory: Cellular Phones & Accessories $20,000 $ 2,500 Repair Parts $ 5,000 Phone Accessories $12,500 Phones (Included in Sale Price - All inventory is current and a detailed listing is available) FF&E: $12,600 @ Replacement Value - 14 Computers with Unlocking and Flashing Software - 3 Cabinets with two work station desks - 2 Office Desks with Chairs & Work Tables - Misc. Storage Cabinets Facility: 1,200 Square Feet in GREAT LOCATION. Located on the West side of Dale Mabry Highway, in a strip center with great signage. 54,000 cars pass by daily! Inside looks like a nice retail store. It is spacious and very nice Lobby, Retail and Display area with nice glass display cases and shelving. Repair area houses the various parts, along with computers and working centers in back area with very adequate work space for repair work, as well as storage. Established: 12 Years Lease: Buyer would be required to negotiate a new lease with the landlord. The Seller will assist the new Buyer in securing an acceptable lease. Current lease is $2,154 per Month, including CAM (Common Area Maintenance). Current lease expires 10/11. Annual Expenses: Cost of Goods Sold: $ 58,000 ANNUAL Rent $25,848 ($2,154/Month) Advertising $ 400 Bank Charges $ 120 Credit Card Fees $ 1,500 Legal/Accounting $ 1,000 Office Expense $ 4,000 Postage & Delivery $ 200 Tax - Payroll $ 3,200 Tax - FI Unemployment $ 80 Gas & Electric $ 3,600 Phone $ 1,500 Insurance $ 1,428 Security $ 360 Total Annual Expenses $44,384 The above expenses assume the Business to be Owner-Operated with Part time labor for counter sales & customer service. Labor is estimated at a cost of $500 per week or $26,000 per year OR have your wife or partner fill the job and increase your yearly earnings EXPENSE SUMMARY SALES $205,000 COST OF GOODS SOLD -$ 58,000 GROSS PROFIT $147,000 EXPENSES -$ 44,384 $102,616 ESTIMATED PART-TIME LABOR -$ 26,000 YEARLY OWNER BENEFIT $ 76,616 No. of Employees: Owner plus 1 Part time Hours: Monday - Friday: 9:00 AM to 87:00 PM Saturday: 10:00 AM to 6:00 PM Training: Two weeks at no cost to the Buyer Non-Compete: Seller will sign a non-compete for 5 years for Hillsborough County Reason for Sale: Seller has other profitable business in Trinidad which requires his attention. He has been managing this business from Tampa with trips to Trinidad as required. Seller has decided to return to Trinidad on a permanent basis and manage this other business. BUSINESS DESCRIPTION HURRY ON THIS - PRICE JUST REDUCED TO $100,000 FOR IMMEDIATE SALE This very successful business, serves a very specific and required niche in the cellular phone market. This Cellular Phone Repair Service, unlocking phone service*, used phone sales and phone card services business is a one of a kind business. Other cellular phone businesses come and go, but this one is truly unique .. read on: At various times during the 12 years this business as been in operation, it has been an authorized cell phone dealer for T-Mobile, Cingular, Metro PCS and others. The repair segment has continued to grow and is a large part if not the largest part of his business. The mark up on the repair service, could easily average 500% for each repair. The material for the repair cost less than $1.00 on average. The repair cost to the customer averages $45.00 to $125.00 (much less than buying a new cell phone). The time for the repair is usually less than 10 minutes. They quote 3 hours (usually) to the customer. If the phone can't be repaired, the customer can purchase a used phone. Again, the cost, on average, is between $50 to $110 to the customer. The Seller buys these phones from customers on trade-ins or a customer just wanting to sell his/her phone for cash which they need. The Seller purchases these phones for $5.00 to $20.00 (compare this to the price they are sold for). This is a great business for someone wanting to relocate to the Tampa Bay area. Has everything you need for startup (it's already been done for you). There is great visibility in this strip center on a major road with great visibility from the street and excellent foot traffic. Owner already has many established clients in the database - A GREAT MARKETING TOOL! NOTE: The new owner could EASILY begin selling new cell phones as an authorized dealer and significantly increase the owner benefit. At various times during the past 12 years, the business has had new sales activations of 100 +++ per month. Actually, a new owner, doing the existing repair business and selling new phones, COULD ACTUALLY DOUBLE HIS/HER YEARLY EARNINGS. Do the math yourself and you will see that it could be a "no-brainer". From a demographic standpoint, this location and surrounding area is ideal and absolutely perfect for a new cell phone and accessory sales store. The average person can learn this business in one to two weeks. REVENUE SOURCES: Sells Cellular Service for:
They sell new and used Phones for the following manufacturers:
They repair phones from the following phone manufacturers' across all carriers (AT&T, Verizon, T-Mobile, Sprint, Metro PCS, Boost, Virgin)
Repairs include:
The business unlocks and flashes phones FYI * "Unlocking"- Phones are generally sold by wireless carrier for much less than their actual retail value. The wireless carrier often subsidizes the cost of the phone with the expectation that they can recover more than this amount throughout the subscriber's contract. They will try to make more than this amount throughout the subscriber's contract. They also try to make sure that the phone can only be used on their particular network and thus, locks the phone's software to their wireless network. Unlocking means clearing the phone's software setting so that the phone can be used on any network. "Flashing" Flashing involves re-writing the phone's operating system (the OS i.e. how you install windows on a computer to use it) to flashable ROM (Read Only Memory). Flashable means although it is called a ROM, it is possible to write it to in special cases such as when installing, changing or upgrading the OS. A full flash does erase all of your stored data (contacts, pics, txts, etc.) and settings, however, a professional technician or at least a knowledgeable phone geek will know how to properly backup and restore all your data and sometimes even your settings/preferences. The OS comes as what's called a "monster" pack, for typical mobile phones, or a ROM image for PDA/Smart phones. The phone technician/geek will have software that allows them to access your phone at the hardware level via a usb cable so that the OS can be written to the phone's ROM. (they have all the software needed to perform this) from the following manufacturer's across all carriers, including:
THIS IS AN OVERALL GREAT BUSINESS IN A GREAT LOCATION, WITH WELL ESTABLISHED CLIENTS AND A RECORD OF CONSISTENT PROFITABILITY (EVEN IN BAD ECONOMIC TIMES)!!! If you are new to the Tampa Bay area, this would be a great place to relocate. Excellent schools, shopping, restaurants and close to everything! Live up North? Have you ever visited Florida in the winter? This is really close to Central Dale Mabry - Town & Country, Citrus Park and West chase areas. This could be Florida living at it's best for you. An already well established business, the housing market is really affordable now, all kinds of sports, including water sports, boating, fishing, wonderful swimming and beaches, great schools and churches, art, shopping, great family living! What more could you want? Florida is just a great place to live and is inexpensive as well, compared to other parts of the nation. Come visit and see for yourself. Photos available from the Broker. Photos can be e-mailed after you sign a Non-Disclosure Agreement. You really need to see the photos to appreciate how great this business looks. Call TODAY! 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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