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Businesses For Sale   >>   Staten Island Businesses For Sale   

14 Year Coded Cell Phone Store - Money Tree

Location  Staten Island, New York, United States
Asking Price Range  $250K - $500K
Gross Revenues  $675000
Net Profit / Cash Flow  $325000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1993
Number of Employees  10 - 19
Inventory  75000
Relocatable  Not Disclosed
Number of Employees  10 - 19
Real Estate  Leased
Training  Owner is willing stay on for a 3 months and head manager will stay on as long as you will keep him.
Reason for Sale  Relocated to Florida to manage income properies and to build a strip mall.

The business is coded with AT&T / Cingular, Sprint / Nextel, T-Mobil, Helio, Amp'd, and Disney. We have accumulated 45,000 customers since 1993 and average approx. 210 new customer's per store / per month. There are business accounts that renew every two years. Income is generated thru monthly commission checks and daily product sales. Asking Price: $490,000. Gross Revenue: $675,000. Cash Flow: $325,000. Inventory: $75,000 (Included in Asking Price). Seller Financing: Reasonable mutual discretion of both Buyer and Seller. Year Established: 1993. Employees: 10 full time. Facilities: We have 2 locations, all in high traffic areas in Staten Island. Included in the sale are all the inventory that is left in the stores in all 2 locations when transfer of ownership is completed. In addition to the transfer of all coded licenses with the wireless carriers (that cannot be issued to any new buyer) plus opportunity for partnership at 50 50 split. plus you can open immediately 2 more stores. Market Outlook and Competition: Competition: Our TWO locations are in amazingly high traffic area's and the closest cell phone stores are over a mile away. Growth and Expansion: Growth potential is in adding a couple of locations and staying open on Saturdays and all Holidays. In addition you can add the selling of phone accessories which generally have a 500% mark-up. Email or call Jon Henry Quinones at 718-407-9676 for more information on this Cell Phone Store for sale.

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