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Profitable 15++ Years Established Cell Phone Store For Sale

Detail information about the listing

FF&E: N A

Inventory: N A

Growth: We have recently expanded into Auto and Home. We recently got licensed and have been selling Insurance so far it is very profitable. Have not started marketing. Title Transfer is additional service that we provide but have not marketed yet however we have received a good response from word of mouth. We have been approved for cricket when it becomes available in multi stores(in 1-2 quarters).

 

Further Details: Location:    Houston, TX

 

Real Estate:    Leased

 

Building SF:    1,000

 

Lease Expiration:    12 31 2026

 

Employees:    1

 

Facilities:    Brand new fixtures included with the sale. Brand New AC(7 Ton), new flooring. Multiple TVs installed in the store front for customer leisure, advertisement, songs. New Deck installed, sales floor is higher than the store.

 

Competition:    This is a established business, and has been in this area for almost 17 years. Lots of regular customers. Have an entire database of customers who come to the store. The customers trust the store so much that they have stored their iCloud information and pins in the store’s database for the owner to know in case they forget. Everyone trusts this store and has a following.

 

Growth & Expansion:    We have recently expanded into Auto and Home. We recently got licensed and have been selling Insurance so far it is very profitable. Have not started marketing. Title Transfer is additional service that we provide but have not marketed yet however we have received a good response from word of mouth. We have been approved for cricket when it becomes available in multi stores(in 1-2 quarters).

 

Financing:    I am open to financing with a down payment for a short term.

 

Support & Training:    I will provide 1 week of training for new owner including business operations and technical training. Further current owner will be available by phone, text and email for additional support. Additionally the employee is trained in all aspect and have had the employee since a long time. She will remain with the business to facilitate the new owner

 

Reason for Selling:    Owner underwent neurosurgery 3weeks ago &Drs. have recommended stress free life

 

 

Additional Details

  • State:TX
  • Asking Price:$130,000
  • Cash Flow:$120,000
  • Established:2010
  • Business Description:Owner retiring, Extremely profitable store, legacy carrier approvals Hello everyone, I am selling our family business on behalf of my father who put his sweat and tears into this business since we moved to the United States. It is a multi-carrier store with Legacy carrier approvals like T-Mobile Prepaid. We have a ton of carriers like Tracfone Brand(now purchased by Verizon, consists of 7 carriers) At&t Prepaid, T-Mobile Prepaid, H20, Ultra Mobile etc. We provide activations, bill payments, accessories, Insurance(Auto & Home), Title Transfers(cars), Notary services, Computer & Tablet Sale, Unlocking and Repair. We have a repair technician who works Monday through Friday and can do repairs on the spot. Everyone in the community knows this store, and is a go to store for the neighborhood. My father has been here personally 7 days a week for the past 12 years. He recently went through a neurosurgery less than a month ago and Drs. have advised a stress free life and we have decided that it is time for him to retire and enjoy with his grandkids. Store currently has 1 Full time Employee, Rent is very reasonable ($2,200). Lease has multiple 5 year options. Very flexible. Revenue is on an average $40k per month (about $500,000/year). Store profit on average is $10k per month (about $120k/year). If you have any questions please feel free to text. A little over year ago we spent $25-30k in renovations, which includes new AC, new paint, new flooring, new furniture, and the store looks brand new. Ultra Mobile has also approved the store for $8,000 that could be spent on a new sign.
  • Support & Training:I will provide 1 week of training for new owner including business operations and technical training. Further current owner will be available by phone, text and email for additional support. Additionally the employee is trained in all aspect and have had the employee since a long time. She will remain with the business to facilitate the new owner
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  • Reason For Leaving:Owner underwent neurosurgery 3weeks ago &Drs. have recommended stress free life
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