Listing ID: 69535

Business Overview

Fully absentee phone store located in a high density New York City retail corridor. The store operates without owner involvement and is run entirely by staff. The business generates strong monthly cash flow with low fixed overhead.

Key Business Highlights
• Fully absentee operation
• Store is run day to day by two employees
• Extremely low rent at $3,000 per month
• Five years remaining on an assignable lease
• $25,000 of inventory included in the sale
• Works with all major carriers including AT&T, Verizon, and T-Mobile
• Offers prepaid phones and plans
• Provides in house phone repair services

Staffing
• Two employees manage daily operations
• Employee one is paid $200 per day worked
• Employee two is paid $170 per day worked
• Owner involvement is not required for daily operations

Financial Snapshot
• Annual Net Income: $150,000
• Gross revenue intentionally omitted per seller preference

Top Operating Expenses
• Rent: $36,000 annually
• Payroll: Two employees paid on a daily rate basis
• Other Expenses: Consolidated into operating cash flow, no material additional expenses disclosed at this time

Lease Details
• Monthly Rent: $3,000
• Term Remaining: 5 years
• Lease Status: Assignable to buyer

Inventory
• Approximately $25,000 included in sale

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Business Owners: We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future please contact me at info@hedgestone.com. Our buyers are already qualified and willing to invest their time and money toward a business like yours. All communications are kept STRICTLY CONFIDENTIAL.

CONSENT TO TEXT MESSAGING: By entering your mobile phone number, you expressly consent to receive text messages from Hedgestone Business Advisors. Message and Data rates may apply.

FOR INTERESTED PARTIES PLEASE CALL US AT (561) 593-3711

Financial

  • Asking Price: $185,000
  • Cash Flow: $150,000
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Lease
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Yes.

Purpose For Selling:

Other business interests.