Cell Phone Repair and Accessories
- Status: Sold
- Price: $49,000


Houmehr 'Mike' Panoussi
- License No:
- DRE #01853627
- Email:
- mike@lbaweb.com
- Office:
- 661-816-1141
- Mobile:
- 661-816-1141
Description
Cellphone Repair and accessories currently operating under a franchise.
Business opened in 2015 and joined the CPR Franchise in 2018
CPR corporate office is now owned by Assurant. They’re working consistently on getting more national accounts and driving more insurance business through the doors. Some of the clients that the Business is servicing now are:
Assurant, Spectrum Mobile, Squaretrade, Centricity, Brightstar/Likewise (& Various other carriers)
The Business is also signed up with 3 financing companies that do device/repair financing for lower tier customers. This program can potentially generate huge traffic with the right marketing approach by the new owners. It’s highly successful in many stores in the network.
The location is Apple Authorized – The Business became an Apple authorized parts provider at this location and has access to 100% genuine iPhone batteries and displays. They have access to all the Apple GSX software etc. and do the repairs to the same spec Apple does in store. There are only 3 options for this kind of service in Simi Valley now: Best Buy, Assurion, & CPR. The Business also has the option to do the screen repairs with aftermarket screens too if the customer prefers.
Business Information
Financial Information
- Annual Total:
- 408,000
- Revenue:
- Annual Net Income:
- 95,000
- Inventory:
- Monthly Payroll:
- 5,000
Lease Information
- Base Rent:
- 3,646.00
- Lease Expires:
- Lease Option:
- NNN:
- 977.00
Financing Information
- Down Payment:
- Owner Will Carry:
- Other Finance:
- Terms: