Mobile Phone Repair Business in Carlingford Centre

Description

Business type: mobile phone repair and accessories retail

Location: North-West Sydney, New South Wales

Established: October 2021

Annual sales: approximately $350,000

Estimated annual profit: $195,000, based on an owner-operator working 6 days per week

Asking price: $99,000 plus GST

Business overview

Established mobile phone repair and accessories business operating from an inline retail store within a busy shopping centre.

Trading days: 7 days per week

Daily staffing requirement: 1 person

Shop condition: near new

Products and services

• Mobile phone repairs
• iPad and tablet repairs
• Mobile phone, iPad and tablet accessories
• New and pre-owned device sales
• Device buy-back services

Financial performance

Annual revenue: approximately $350,000

Cost of goods: approximately $87,500 (25% of revenue)

Annual rent: $50,000 excluding GST

Annual staff wages: approximately $12,500

Annual utilities and insurance: approximately $5,000

Estimated annual profit: $195,000, based on an owner-operator working 6 days per week

Premises and fitout

Position: busy shopping centre in North-West Sydney

Store type: inline retail

Initial fitout investment: approximately $160,000

Fitout condition: near new

Lease

Lease term: 5 years, subject to landlord approval

Bank guarantee: approximately 3 months' rent

Estimated legal costs for lease assignment and contract preparation: $10,000

Lease assignment: subject to landlord approval

Operations

Trading schedule: 7 days per week

Staffing requirement: 1 person per day

Owner-operator profit estimate: based on working 6 days per week

Growth opportunities

• Introduce laptop repairs
• Expand laptop accessories and sales
• Offer prepaid SIM cards and postpaid mobile contracts
• Add complementary electronic products

Buyer profile

• Experienced mobile phone technicians
• Retail operators
• Hands-on owner-operators

Reason for sale

Current owner has been unable to secure suitable staffing for the location.

Sale

Sale inclusion: shop fitout only

Stock: available separately at valuation plus GST if required

Lease transfer: subject to landlord approval