Established Mobile Accessories Business For Sale. Profit $171k Asking $429k

4 days ago

Location:
Sydney 2000 > Sydney - Greater > New South Wales

Investment level:
$429,000 (Negotiable) + SAV

Type:
Business

Industry:
Retail > Discount & Variety Stores > Shopping centre

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Summary

Well established Mobile devices accessories and repairs business. The business consists of 1 shop and 1 kiosk located on different levels of one of the largest shopping centres in Sydney's West.

Revenue

$781,512 pa

Net Profit

$171,501 pa

Location Details

2 outlets located in one of the largest & busiest shopping centres in Sydney's Western Suburbs

Potential

Current owner works only 16 hours a week. A more hands on owner will imrpove the performance of the 2 outlets.

An ambitious owner is able to use the existing business model, brand and role out a franchise system.

Skills

No previous experience is required. Full training to sui the buyer will be negotiated.

Hours

The businesses trade 7 days in line with the shopping centre hours.

Lease

Expires in June 2018. Getting new term shouldn't be an issue. This business has been in this shopping centre since 2001

Employees

The business employs 1 manager, 3 full time employees and 3 P/time casuals. The owner works 16 hours per week.

Reason for Sale

The current owner is moving overseas with his family permanently.

About the Business

Under management Profits $171k+ Sale Price $429,000
This business was established in 2008 and has traded profitably since. The business consists of 1 shop and 1 kiosks located in one of the largest & busiest major shopping centres in Sydney's west.
The stores stock an extensive range of mobile phone accessories and electronic products to cater for all mobile devices. The core of the business is the repair workshop as they fix all types of phones by using genuine parts through highly qualified certified technicians, in addition to their strong data recovery service.
Reasons to buy:
• Highly Profitable Business. Excellent ROI
• Well established business & brand
• Currently under management. Owner works 16 hours pw
• 2 good locations within Large Major Shopping Centre
• No experience required. Full training provided
• Good lease terms
• Low asking price
• The vendor is eager to sell. Moving overseas
• Good employees who are happy to remain
• An Owner/Manager with marketing skills can improve further
• An ambitious owner can create a franchise system and grow
Full training is provided. Period of training can be negotiated depending on the buyers’ needs
Assistance with Finance requirements is available
This business is suitable for an astute investor who wishes to work on the businesses rather than in one. It is also suitable for a family who wish to operate a 3 store chain within the same shopping centre. it is ideal for a highly ambitious business person looking for a business model & brand to roll out a franchise system

History

This business has been operating within this shopping centre since 2001 under 2 different brands

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