Nottoway County Radio Shack Dealer For Sale

Business description

Founded in 1985, this owner-operated, franchised retail electronics store is the only Radio Shack in town. The largest amount of revenue is due to electronic equipment and parts sells, in addition to telephones. A Radio Shack dealer license is required to operate the business and the current owner is an authorized dealer in Sprint phones and brand names sold throughout Radio Shack. A large portion of the business’ clientele comes from a military base located nearby. Located in the city of Blackstone (pop. 3,675), Nottoway County, VA in the Southeast region of the state about 32 miles from Petersburg and one hour from Richmond. Call today for details!

Property information

Real Estate:

Lease

Premises details:

The building and land is leased and consists of a new 1800 sq. ft. building located in a strip mall in the city of Blackstone. There is great traffic and visibility in both the strip mall and the area its located in. This business could be relocated, if desired.

Other information

Expansion potential:

Growth and expansion could be obtained by setting more hours, therefore providing more service and establishing accounts with the city and government. Possible diversification that could be developed within the business would be the self-installation of equipment and providing warranty work.

Support & training:

The current owner has agreed to stay on through a reasonable transition period in order to acclimate the new owner to the business, employees and clientele.

Reasons for selling:

The current owner is ready to retire after many successful years owning this business

Furniture / Fixtures value:

$100,000 (included in the asking price)

Inventory / Stock value:

$100,000 (included in the asking price)