#1 Ranked Cell Phone Electronics Repair Business in Philly

Philadelphia, PA

Seller Financing Available

Asking Price:$50,000
Inventory:$25,000
EBITDA:$25,000
Established Year:2019
Gross Revenue:$175,000
Rent:$2,000/Month
FF&E:$10,000
BUSINESS DESCRIPTION

Selling 1 Location for $50,000 on University Campus

Phone Repair Philly is a profitable, respected and well-established business in Philadelphia. We have 4 locations all within a few miles and within nicer areas of the city near downtown Philly.

I am selling 1 location and looking to downsize because its too much work and I have 2 other companies I own and manage.

Location for Sale = Temple Campus (store on Temple University campus near the library)

PRP has an amazing reputation with an average rating of 4.8/5 with over 3000 reviews across Google, Yelp and Facebook.

We repair all types of personal devices such as cell phones, tablets, and laptops. 75% of our revenue is break and fix repairs, but we also sell devices and accessories. A proper buyer/investor with retail experience could generate a lot more revenue on the retail side where our current ownership is lacking experience. Most of our revenue comes from cracked phone screen replacements, but our highly trained and talented team can fix all types of devices and issues, even as detailed as microsoldering.

This location is fully staffed and operational. Its less than 500 SF so its a small and profitable retail store.

Month Revenue = $15,000 - $20,000
Monthly Profit = TBD but roughly 10-20% monthly

There are THREE main reasons customers choose Phone Repair Philly.

1. Professionalism and Expertise (we are not some sketchy corner shop or kiosk)
2. Reviews and reputation
3. Speed and Quality

As the owner I will help you take over that location and give you everything you need to be successful. You can even keep the name, location, employees, inventory, equipment, etc.

I would like to sell this location ASAP, with a 1-year timeline for the transition.

Owner is open to negotiation.


DETAILED INFORMATION
Location
Philadelphia, PA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
500
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Temple Campus = 450 SF, $1600 + Utilities Monthly, $25,000 in assets/inventory Assets include - Electronics equipment, computers, phones, chairs, desks, tablets, TVs, inventory, cases, retail, signage, tools, equipment.
Competition
Only 1 big franchise competitor in the entire city is UBreakiFix downtown All the other shops are small and not reputable. My Phillie Wireless Philly Wireless South Philly Wireless iGeeks iFixit City Wireless Other sketchy small time scammer stores
Growth & Expansion
Pros - Leveraging retail sales, accessories, and phones sales in more depth - Upside with more traditional marketing and carrier store networking - Someone with retail or sales experience can grow additional sales revenue - Smaller competitors cant withstand bad markets - Tons of people breaking their phones in a large city - Large market for students and young professionals Cons - Apple competitor - Insurance companies - Cheaper competitor pricing - Retail can be tough in Philly
Financing
Loans or Seller Financing
Support & Training
Owner & Partner will stay on for 3 months in depth training and another 9 months in support. We will train new ownership and/or team on the process, technical side, customer side, technology, inventory, marketing, systems and everything. Open to negotiation.
Reason for Selling
I want to focus on my other two companies that are completely online not retail
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