Cell Phone Repair Service
Highly regarded franchise that specializes in the repair of cell phones, tablets, and computers and the sale of accessory items such as cell phone cases, chargers, and related items. This is one of 525 franchise stores in the U.S. under this brand name.
This is an authorized repair center for Samsung, Google, and Asurion serving both retail and commercial accounts. The staff includes 3 experienced technicians. The franchisor recommends adding mobile tech service to expand sales. Training will be provided by both the franchisor and the seller.
Background information
Reference:
82434
Year established:
2016
Reason selling:
Opening an accounting practice.
Finance
Sales:
$374,999
Profit type:
Discretionary Earnings
Operations
Employees:
3 techs
Equipment:
Computers, desks, chairs, file cabinets, phone system, sighs
Inventory:
$40,000
Premises
Facility:
1,215 sq. ft. shop located in a neighborhood shopping center on a high traffic street.
Square footage:
1,215
Rent and lease terms:
Base Rent $3,240 plus 3 Net Charges $556.88 = $3,796.88 P/M. 2.5 years left on base lease with 5 year option to renew at base rent of $3,675.38 P/M.
Location:
West Houston
Opportunities
Market:
West Houston
Price and terms
Price:
$86,500
Down payment:
$50,000
Financing:
$50,000 cash down and Seller Financing for $36,500 payable over 60 months at 6% interest = $705.65 P/M.
Training:
Training by franchisor and by seller as needed.