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Mini Chain of 4 Franchised Phone & Technology Stores

Maricopa County, AZ
Technology Repairs
Technology Repairs
Asking Price:$1,200,000
Gross Revenue:$3,013,949
EBITDA:$427,089
Established Year:2015
Cash Flow:$427,089
Inventory:$172,891
FF&E:$80,000
Listing ID: 2316626Listing provided by BizBuySell
BUSINESS DESCRIPTION

Experienced Regional & Store Managers Makes Owner's Role Semi-Absentee

The young owner started with just one store eight years ago. He hustled and mastered the franchise system to grow into a four store mini-chain with Owner Discretionary Profit (ODP) of $425,000 in 2023. He desires to cash in and chase bigger dreams.

This mini chain is part of a large franchise system with national marketing relationships and supplier discounts. They repair, buy/sell and trade cell phones and other technology products from laptops, desktops, tablets, game consoles and all manner of hand-held devices. Every electronic accessory imaginable is for sale. There are experienced employees at all locations and a Regional Manager in place to supervise all four stores. The current owner is now very hands off and desires to pursue new ventures.

A new owner can choose to milk the substantial cash flow or grow to a mega chain. The franchise system has many double-digit store owners with locations across multiple states. After debt service free cash flow should surpass $250,000 annually (hands off). Please have a net worth greater than $1.0 MM with a good credit profile.

DETAILED INFORMATION
Location
Maricopa County, AZ
Inventory
Included in asking price
Real Estate
Leased
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Four locations all have favorable leases with renewal terms. All are outfitted with the franchise brand's proprietary trade dress. Each is outfitted with the necessary FF&E to conduct business.
Competition
The repair of just cell phones is a $4.0 Billion industry in the US growing better than the economy as a whole. Small independent operators lack national marketing relationships and vendor discounts. The several larger franchise brands will consolidate the industry over the coming years.
Growth & Expansion
A new owner can choose to milk the substantial cash flow or grow to a mega chain. The franchise system has many double-digit store owners with locations across multiple states. Growth can be through opening new stores or acquiring existing franchised locations as the large franchise chains consolidate the industry.
Financing
Perfect for SBA funding.
Support & Training
Transition training and support from the current owner can be for at least four weeks but is open to negotiation. Full initial training of the buyer will be required by the franchisor. The franchisor provides ongoing training and support to owners and their employees.
Reason for Selling
He desires to cash in and chase bigger dreams.
Franchise
This business is an established franchise
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Kent Craven
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Kent Craven
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