Listing ID: ERF 09122017

Location: St.Albert, AB

Business Advisor: Neil Gerritsen
(Contact Mr. Gerritsen)

Direct: 780-919-1107

Business Type

Electronic Repair Franchise

 

Business Overview

This professional cell phone repair franchise is a leader in the wireless repair industry offering over a decade of experience. According to experts the cell phone repair market has estimated annual revenues of $3 billion and has witnessed strong growth due to the popularity of expensive but fragile smartphones (source: IBIS World 2017). Expertly trained technicians have the knowledge and proficiency to diagnose and fix the problem fast. While this business specializes in cell phone repairs, they also repair many name brand electronics including tablets, laptops, computers and, gaming devices. This shop maintains up- to- date modern equipment to quickly repair any gadget. The business model allows for a franchise owner to operate several profit centers in one location: Device Repair Services, Buy/Sell/Trade Services, and Accessory Sales.

 

Why This Business

  • The Franchise maintains over 400 locations nationwide
  • Technicians and Franchisees are professionally trained and qualified via the Franchise
  • All applicants must be pre-approved by the Franchise
  • Turn-key operation
  • This business could be operated in an absentee owner style
  • Trained staff in place
  • Partnerships and Contracts in place
  • Plenty of opportunities to grow this business
  • Contracts and agreements in place to service LG, Motorola, iPhones ,and Samsung phones
  • ​Authorized repair depot for DJI drones

Are the current owners the founders? No       How Long? Venders operated the business for 4+ years
Is this a Franchise Business? Yes
Owner Support/Training: Offered by the Vendor and Parent company
Reason for Sale: Owners would like to retire from this industry

Business Premises and Location

Does the Vendor own the premises? No
Is the premises part of this sale? No
What is the cost of the lease? $2,937.11 p/m includes taxes, common fees & Maintenance/ 857 sq.ft., parking, located in busy strip mall.

Documents Available For Review (Subject to Offer)

Business Sales Memorandum, Financial Statements, Equipment List.

Operational Summary

Snapshot

Annual Revenue: $ 373,712 (2016)

Discretionary Earnings: $ 71,012. (2016)

Assets: $ 7,500

Information

  • Year Established – 2013

  • # of Employees – 1 F/T 2 P/T

  • Asking Price – $ 209,000.00

  • Seller Financing – Not Available

  • Inventory -$43,456.(2016)

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