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14 Year Coded Cell Phone Store - Money Tree
Location: United States -> New York -> New York City Area -> Staten Island
Industry: Retail > Computers and Electronic Equipment Retail




Business Summary

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.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $675,000
Cash Flow:   $325,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $75,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1993
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Owner is willing stay on for a 3 months and head manager will stay on as long as you will keep him.
Reason For Selling:  Relocated to Florida to manage income properies and to build a strip mall.

Photos

View Larger Photo(s) Of Business
14 Year Coded Cell Phone Store - Money Tree Photo 1 14 Year Coded Cell Phone Store - Money Tree Photo 2 14 Year Coded Cell Phone Store - Money Tree Photo 3




Print Listing Id: 70086726
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Also See: Franchise Opportunities > Franchise Resales > New York Businesses For Sale > New York Franchises For Sale > New York Business Brokers



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