Franchise Wireless Retailer - Highly Profitable For Sale

Business description

This retailer of wireless services and accessories is a franchise with national brand recognition. With more than 200 stores nationwide, the business model has proven to be well-received by wireless consumers across the country looking for clarity in the confusing world of wireless services, as they represent all of the major national wireless carriers. This particular location is no exception. They have quickly become the local experts when it comes to providing the latest and greatest phones and accessories, giving expert consultation on which wireless plans fit customers' needs the best and providing post-sale services, such as repair and upgrades or adding accessories. According to the owner, their success boils down to one primary factor superior customer service with a sincere desire to help people with their wireless needs. Strengths of this particular store- Optimal location on busy intersection - Loyal customer base built through dedication to customer service - Owner keeps the store look and layout fresh - Knowledgeable wireless experts Strengths of the franchise: - They carry all of the major wireless brands and accessories under one roof - Access to support from all brands local representatives - Superior profit margins on both accessories and service - VERY advantageous royalty plan

Property information

Real Estate:

Lease

Lease terms:

Landlord willing to sign long term lease with new owner

Location:

The business operates in a prime location on a busy intersection out of a free-standing building. The franchise promotes 1,500 sq. ft. as the optimum store size nationally, and that is exactly the space this store utilizes.

Other information

Expansion potential:

In this store's particular case, as a franchise location, there are not many changes that can be mad to expand the store's product lines or services - that is dictated primarily by the franchisor. However, there is ample opportunity to grow your own retail chain by adding new stores in other areas around the Metroplex.

Competition / Market:

There is no immediate competition in the area that provides the same breadth of services and service options as this franchise retailer. There are local stores that provide specific services, such as Sprint or Verizon, but the factor that brings the majority of customers into this store is the multiple brands that are carried here - not only do customers like the multiple services and service plans offered but they also know they are getting unbiased recommendations from the employees.

Support & training:

Seller will provide training as needed post-closing at no additional charge.

Reasons for selling:

Seller moving out of state.

Trading hours:

Store hours are M-F, 9a-8p, Sa 9a-6p and Su 12p-5p.

Financing available:

Seller financing is negotiable

Furniture / Fixtures value:

$89,500

Inventory / Stock value:

$35,000 (included in the asking price)