Cell Phone Store - Quick Sale For Health Reasons
Location New York,United States
Asking Price Range < $250K
Gross Revenues $190000
Net Profit / Cash Flow $125678
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2004
Number of Employees 1 - 3
Inventory 25000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Yes.
Reason for Sale Health.
Description Price (firm): $95,000
Down Payment: $95,000 (seller will not hold notes)
Gross Revenue/Annual Volume: $190,000
Cash Flow/Net Income: $125,678.64 (amount shown on 1099 for 2008)
Rent: $33,000/year, 5% increase per year. Lease expires 2014 with 5-year option.
On a busy main street, this store is clean, well organized and spacious, consisting of about 900 sq. ft. + full basement. Large, mostly empty 500 sq. ft. back room, now used as an office, could be sublet. Business has ADT alarm system installed.
Seller is ill and wants to leave as soon as possible. 2008 activation commissions from T-Mobile alone came to $125,000. Seller's 1099 form for 2008 shows $125,000+ in commissions. Price is $95,000. Seller is an AT&T, T-Mobile and MetroPCS authorized dealer with activation codes. 95% of business is activations, sales of T-Mobile and AT&T unlocked phones, accessories, phone cards, refill cards and bill-pay. 5% of business is upgrades. Employee (currently part-time) will train new owner as seller is too ill.
For more specific information (address, name of store) interested buyers must be ready to sign and fax a confidentiality agreement and photo ID. Cross out date of birth and license/passport number. For confidentiality purposes we need to make sure that you are who you say you are. Lynn Manheim (broker). 718-357-4602. Contact for more information on this Cell Phone Store for sale.
Click Here To Contact Seller
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