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Cell Phone Repair

  • Status: Available
  • Price: $349,000

Houmehr 'Mike' Panoussi

License No:
DRE #01853627
Email:
mike@lbaweb.com
Office:
661-816-1141
Mobile:
661-816-1141
  • Listing No: 6597
  • Status: Available
  • Area: Ventura County
  • Price: $349,000

Description

Well-established Cell Phone Repair franchise in affluent Thousand Oaks — operating at the same location for 13 years with the highest Yelp and Google review count among local competitors. Specializes in smartphone and tablet repairs, accessories, insurance repairs, and OEM certified manufacturer repairs, with multiple national corporate repair programs projected to increase volume in coming years. Current owner is mostly absentee (~1 visit/week) — strong upside for a hands-on operator.
Location & Lease: New lease: $3,130/mo starting Oct 1, 2026 → $3,255/mo starting Oct 1, 2027, through Sept 30, 2028. Rate is considered below market for the Thousand Oaks retail corridor.
2025 Financials: Revenue: $611K  |  Cost of Goods: $333K  |  Recycling: $15K  |  Expenses: $153K  |  Net Profit: ~$140K
Monthly Operating Expenses (one technician employee):

Rent $3,010 Yelp Marketing $730
Franchise Fee $750 Insurance $350
Advertising Fee $285 Alarm $60
Tech Fee $100 Payroll $5,800
Utilities $200 Bonus $400
Supplies / Cleaning $350 Credit Card Fees $450
Internet / Phone $300

Total Monthly: ~$12,785  |  Annual: ~$153,420  Store currently operates with one employee and is closed one day per week — significant revenue potential remains untapped.

Growth Opportunities: * Expand from Tue–Sat to 6–7 days/week * Add a front-counter salesperson to drive accessory and repair sales. * Launch social media — currently no Instagram or Facebook presence
Training & Transition: Seller provides training for new owner and 1–2 technicians, introductions to carrier partners and referral sources, and full operational and vendor guidance.
Franchise Transfer: $750/mo flat for 2 years → 4% of gross sales thereafter. One-time transfer/training fee: ~$10,000.
Includes: franchise rights & systems, repair equipment & fixtures, POS & repair tracking software, referral relationships, and established online reputation.

Business Information

Ownership Type: Corporation
Year Established: 2013
Year Purchased:
Business Type: Cell Phone Repair and Accessories
License(s) Required:
Hours of Operation: Tuesday - Saturday 10 AM–7 PM
Business Relocatable: No
Business Is A Franchise: Yes
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 6597
Date Available: 03/27/2026
Reason For Sale: Other Interests

Financial Information

Annual Total:
Revenue:
$611,000
Annual Net Income:
$140,000
Inventory:
Monthly Payroll:
$5,800

Lease Information

Base Rent:
$3,130
Lease Expires:
Lease Option:
Through September 30, 2028
NNN:

Financing Information

Down Payment:
Owner Will Carry:
Other Finance:
Terms:

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