Mobile Phone Repair Business in Carlingford Centre

Description

This is a strong opportunity for an owner-operator who meets one of the following criteria:• Experienced mobile phone technician• Passionate about retail sales• Seeking to operate and manage their own businessAbout the Store:• Location: North-West Sydney NSW• Position: Busy shopping centre• Operating since: October 2021• Lease term: 5 years (subject to landlord approval)• Shop type: Inline retail fitout• Initial fitout investment: Approx. $160,000• Current condition: Near new• Staffing requirement: One staff member per day• Trading: Seven days per weekCurrent Services:• Wide range of accessories for mobile phones, iPads, and tablets• Repair services for mobile phones, iPads, and tablets• Sale of new and pre-owned devices• Device buy-back servicesExpansion Opportunities:• Introduction of laptop repairs, accessories, and sales• Addition of prepaid SIM cards and postpaid contracts• Expansion into complementary electronic product categoriesFinancial Overview:• Annual sales: Approx. $350,000• Annual rent: $50,000 excluding GST• Cost of goods: Approx. $87,500 (25% of revenue)• Wages: Approx. $12,500 annually• Utilities (insurance, electricity, phone, internet): Approx. $5,000 annually• Annual profit: Approx. $195,000 based on an owner-operator working six days per weekSale Details:• Asking price: $99,000 plus GST• Included in sale: Fitout only• Bank guarantee: Approx. three months’ rent equivalent• Stock available at valuation plus GST if required• Legal costs (lease assignment, contract preparation): Approx. $10,000• Lease assignment subject to landlord approvalReason for Sale:The business is being offered for sale due to the inability to secure suitable staffing for the location, making it more suitable for an active owner-operator to maximise its full potential.