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Cell Phone Repair and Accessories

  • Status: Available
  • Price: $49,000

Houmehr 'Mike' Panoussi

License No:
DRE #01853627
Email:
mike@lbaweb.com
Office:
616-816-1141
Mobile:
661-816-1141
  • Listing No: 6371
  • Status: Available
  • Area: Ventura
  • Price: $49,000

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

Ownership Type: Corporation
Year Established: 2015
Year Purchased: 2015
Business Type: Cellphone Repair Shop
License(s) Required: Business
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: Yes
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 6371
Date Available: 06/29/2022
Reason For Sale: Other Interest

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:

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