Exceptional Established Independent Cell Phones/Tablets Sales & Repair

Exceptional Well- Established Independent Cell Phones/Tablets Sales & RepairIt is located in a prime area of the West San Fernando Valley on a major boulevard and has had consistent year after year increases in gross revenues. The Semi-absentee owner is in the store about 10 hours per week managing this highly profitable Cell Phones/Tablets sales, repairs, selling phones, accessories, selling pre-paid plans, and more. No or little tech knowledge necessary since the two (2) part-time employees do the repairs, are willing to stay after the sale, and the 2 PT employees want to work more hours. This business qualifies for an SBA Loan. This business was established in 2009, 12+ years successful years with the same owner. It benefits of a strong customer base with 'regulars' and a constant flow of new customers from word-of-mouth, referrals, and stellar 5-Stars Yelp and 5-Stars Google reviews. 2021 gross revenue: $875K Very low overhead and very low inventory investment on a day to day basis. This business is a unique opportunity for an industry buyer as the seller is ready to move on to his next project. This sale includes: i. The business name ii. $5,000.00 of active inventory. Any inventory over $5,000 will be available to purchase separately from the seller iii. The website, URL, all social media accounts associated w/ the business, phone/fax numbers, email address, etc iv. all Fixture, Furniture and Equipment (FFE); v. the goodwill, customer lists, vendors catalogs etc vi. transferrable lease about 9 1/2 years remaining vii. all transferable licenses & permits; viii. training - Seller will provide necessary training based on the Buyer's needs for two (2) weeks, then the Seller will be available for consulting. The business has excellent books and records and tax returns Financial info is confidential and will be provided until a Confidentiality Agreement and background information has been submitted to receive financials and other specific information. Prime Location Parking on the premises and streets. 620 SF space is the perfect size for a service shop. Fully equipped. HVAC, private offices, Private ADA bathroom Open 6 days per week. 10am-4pm Established in 2009. Operated for 12+ years successfully by the same owner. This is a Hot business in a Hot Industry and is a rare opportunity for a buyer. There is added value considering the semi-absentee run, no specific knowledge necessary, the exponential room for growth of income in this industry. Some avenues for expansion could be: - Add additional services such as computer repairs, smart-watches repairs, etc -Open longer hours to 6 or 7pm. -Creation of online e-commerce website extension to sell relevant products, -Creating local partnerships with small business, local schools and neighboring Colleges. -Creation of an insurance program in order to make recurring revenue through subscriptions, etc... No competition. This business has 5-Stars Yelp and 5-Stars Google reviews. High-end customers base, all searching for personalized service vs non-descript chains. This industry is growing exponentially. There is bigger and bigger need for more repairs for our devices, a general demand for more devices (phones/tablets, etc.), for more accessories, and more service needed for our communication devices in a personalized atmosphere vs the big retailers, and a general need for more of everything this business already provides. Support & Training: 2 weeks full time after the Close of Escrow. Seller can offer up to 6 months of additional assistance training on all business activities as a consultant, full time or part-time, or on a need basis. Location: Encino, California Year Established: 2009 Number of Employees: 3 Real Estate: Leased Building Sq. Ft.: 620 Rent: $1,660.00 Per Month Lease Expiration: 10/21/2026 Facilities: 620 SF, space is fully equipped. Private bathroom. HVAC. Plenty of parking. Visibility. Prime location on Ventura Blvd. Transferable very favorable Lease consists of a 5 years Lease through October 2026 +/& One 5-years option (through October 2031) Market Outlook/ Competition: No competition. This industry is growing exponentially. There is bigger and bigger need for more repairs, more devices (phones/tablets, etc.), more accessories, more service for communication devices, more of everything this business already provides,. Growth & Expansion: COVID did not affect this business in 2020 or in 2021. THIS BUSINESS IS HOT. Some avenues for expansion could be: Add additional services such as computer repairs, smart-watches repairs, etc Open longer hours through 6 or 7pm. Creation of online e-commerce website extension to sell relevant products, Creating local partnerships with small business, local schools and neighboring Colleges. Creation of an insurance program in order to make recurring revenue through subscriptions. Etc...