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Well Established Computer/Phone Sales and Repairs (E2 Friendly)

Pueblo, CO (Pueblo County)

Well Established Computer/Phone Sales and Repairs (E2 Friendly)
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Asking Price: $169,000

Cash Flow: N/A

Gross Revenue: $320,000

EBITDA: N/A

FF&E: $169,000

Inventory: $50

Rent: $1,700 /Month

Established: 2016

Well Established Computer/Phone Sales and Repairs (E2 Friendly)

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Business Description

Well Established Computer/Phone Sales and Repairs (E2 Friendly)

Franchise supported store front w/consistent sales in a niche market

Recently lowered the price by $30,000... need to sale, make an offer!
This is a very unique store in southern Colorado because we repair all brands of phones, tablets, and computers, but we specialize in the repair and sale of used Apple computers, phones, and tablets. The business has the backing and support of a franchise, but plenty of freedom to run the business as desired.

This franchise would be great for someone who wants to drop into a small simple business that has the advantage of a clear competitive niche with little competition. There's all the common benefits of a franchise, and it's simple enough that you don't need a large experienced staff to run the business. The business doesn't require a large investment in inventory and the break-even point is low.

Customers often report that our store comes up on top during Google searches, the only other major computer repair shop in Pueblo is Best Buy, and they don't even work on Apple products. Their technicians send customers to us! We also have a great relationship with with the 10+ phone stores in Pueblo county. These stores send a constant flow of people to us to fix their customer's broken screens so they can go back and trade in their phones.

Everybody has a phone and computer... and sooner or later everybody needs help repairing or replacing them. Our Pueblo market is perfect for our business model because there are many people in Pueblo who don't want to just run out and buy new phones and computers every year or two. We have a constant flow of "cleanup and speed up" work coming into the store. Our business has a healthy 5/50 ratio of phone repairs/sales and computer repairs/sales. So we insulate ourselves from the ups and downs of each market.

One of the great values of the franchise it the marketing support. They take care of all online marketing... keeping the site fresh, designing and placing ads on our company site, Google, and Facebook. The franchisor ad rep has a weekly call with me to discuss strategy and ad content. We adjust sales ads according to the season and our products on hand or what products we want to order from our wholesalers.

Small businesses and home based business owners call us for help with their network and computer setup, so we make business site visits and assist however we can.

In addition to our support of local businesses with the their phone, tablet, and computer needs, we have Colorado State University located about 5 miles away. The University is very welcoming to us being on campus for marketing and with posting advertisements throughout campus. We also have participated in various organized events on campus to gain additional exposure.

One aspect of the business that reflects a strong future is that people are always going to be repairing and upgrading their phones, tablets, and computers, but doing so is not going to get any easier as these devices become more complicated and condensed. However, there are many wholesale parts suppliers and instructional video's available for those who want to build a business around addressing this market need. Our business had over $325K in sales last year and we are on track to beat that number in 2019... customers just keep coming to the store, and we keep getting great reviews!

Detailed Information

Location:
Pueblo, CO
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,400
Lease Expiration:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The store is located in a great location at the cross roads of Highway 50 and Interstate 25, catching travelers going north and south, or east and west! The business is located in a strip mall near other very busy stores and restaurants, and near a Lowes. So there's lots of visibility and traffic, and we are able to place A-frame signs and "banana" flags any where nearby the store. Store signage is large and clear with ample parking out front. Rent is only $1700/month.
Competition:
This franchise area covers all of Pueblo county. However, customers come from as far away 50 miles away because the surrounding towns aren't big enough to support a similar business. Furthermore, no other business in Pueblo County specializes in Apple repairs and sales of pre-owned Apple products. A great deal of marketing and networking has already been done. The results have provided consistent sales over the past three year. We have over 145 Google Reviews, with an average rating of 4.7 stars. We have great Google responses on ad words, try it!
Growth & Expansion:
This business has grown from absolutely nothing to the most reputable locally owned computer and phone business within 50 miles of Pueblo. We have sold phones, tablets and computers to schools, banks, local businesses and realtors. We were written up in the newspaper, been highlighted on local TV, and featured on a 30 minute AM radio station. We have sold phones, tablets and computers to schools, banks, local businesses and realtors. We have close connections to churches and schools. One area of growth that could be expanded upon is B2B marketing
Support & Training:
The current team in the store is exceptionally helpful and experienced in phone, tablet, and computer repairs and sales. The store runs great with a manager and just two other technicians. The online training and standard work is used to ramp up new technicians within a week or two. Std work provides instructions for daily startup, close, and inventory control.
Reason for Selling:
I am overwhelmed with my corporate IT career, lacking time to support the store.
Franchise:
This business is an established franchise
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