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***REDUCED FROM ORIGIANL PRICE OF $440k FOR A QUICK SALE!! OWNER IS OPEN TO ALL OFFERS, PRICED WELL BELOW VALUATION!! TURNKEY! BE YOUR OWN BOSS! MAKE MONEY starting on Day 1! This is a VERY PROFITABLE, 5-year-old Cell Phone Repair Business located in the Ellis County area. The sale includes ALL ASSETS and INVENTORY! Don’t miss this opportunity to own this completely turnkey and a very profitable 5-year-old business with amazing consistent cash flow is a market leader in the greater Dallas area and is known for its complete commitment to customer satisfaction. Proper inventory controls, current industry leading technology equipment and operational software are all part of this business package. The business works with all trending products in their respective trade and sells products to the retail public. The business has many long-term, repeat customers (approximately 30%). The business is fully computerized with the fastest turnaround time utilizing a Back Glass Laser machine that other repair shop don’t have. The sale includes all equipment and assets that are used to run the business. For a new buyer growth can be easily obtained by a) creating a larger retail presence (online and potentially in store); b) additional marketing and advertising to the commercial market and c) create a strong social media presence. After owning the business for 5 years the owner is retiring to begin a new career in the Finance world with his Uncle. This business has proven itself recession and pandemic proof as it continues strong revenue and profitability which the new buyer can benefit from. The current owner will stay and TRAIN the buyer and transfer all important relationships for a seamless transition to ensure the continued success of the business. Owner is open to financing a portion of the purchase for the right offer and right buyer! DON’T WAIT! THIS WON’T LAST LONG! Location: Ennis, Texas Year Established: 2017 Number of Employees: 3 Real Estate: Leased Building Sq. Ft.: 500 Rent: $1,517.00 Per Month Facilities: The business works with all trending products in their respective trade and sells products to the retail public. The business has many long-term, repeat customers (approximately 30%). The business is fully computerized with the fastest turnaround time utilizing a Back Glass Laser machine that other repair shop don’t have. The sale includes all equipment and assets that are used to run the business. Market Outlook/ Competition: Cell phone repair is recession-proof and pandemic-proof. Why spend more on a replacement when everything you have, all the text messages, emails, photos, and more, are already set just the way you want them on your current phone? American ingenuity and grit has won out. People are choosing to save money by repairing what they own rather than spending more money with the big networks, Apple, and Android on new tech. The Seller established the business in 2017 and has seen an incredible 118%growth over the past 3 years from 2018 to 2020. The Seller's Discretionary Cash Flow has increased 487% between 2018 and 2020. The Seller 's dedication to building the gross margin is evident with cash flow at 33.5% of revenue for 2020. This business repairs iPhones, iPads, and Android phones. It sells unlocked phones so customers can choose the phone they want without being tied down to the phones Verizon, T-Mobile, Xfinity, Boost, and others have available. The Store also sells cell phone accessories like cases and screen protectors. This business stands above its competitors by being the first in the market, being fully computerized, and having the fastest turnaround time because they've invested in the latest equipment. Competitors come to this business to take advantage of their Black Glass Laser. Most competitors haven't invested in the state-of-the- art equipment necessary to repair all facets of cell phones and tablets.the cell phone repair industry has been on a strong upward trend over the last five years as the demand for smartphones has continued to rise. Growth & Expansion: For a new buyer growth can be easily obtained by a) creating a larger retail presence (online and potentially in store); b) additional marketing and advertising to the commercial market and c) create a strong social media presence. The Cell Phone Repair Business has done well using Facebook ads and natural web searches. The Seller is a board member of the Ennis Chamber of Commerce which also broadens its visibility in the community. The Business has offered mobile repairs in the past. Consider reviving the mobile repairs. Rather than doing one repair at a time, park the van at a shopping center or office park to serve multiple people during the day. Let customers know via social media the wheres and whens of mobile repair service and work with the office or shopping centers to get the word out. Another option is to contact churches and community centers to set up space in exchange for a donation. This could be a great way to start a fundraising program for schools, youth groups, teams, etc. The Seller suggests increasing advertising and social media activity to grow the business. Cell phones are how people connect to the world. Increase activity on Instagram and add Youtube and TikTok accounts. Share videos of repairs. Do unboxings of the latest gadgets. Walk people through how easy it is to connect an unlocked phone with a carrier. Growth is only limited by the Buyer 's imagination.
Listed: Apr 14, 2022
Updated: 9 hours ago
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