Mobile Phone Repair Business in Hornsby Shopping Centre

Description

Business type: mobile phone repair and accessories retail

Location: Upper North Shore, Sydney, New South Wales

Established: December 2022

Operating model: retail and repair services

Annual sales: approximately $400,000

Annual profit: approximately $105,500, 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

Staffing requirement: 1 person per day

Shop fitout: near new

Products and services

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

Financial performance

Annual revenue: approximately $400,000

Cost of goods: approximately $125,000

Annual rent: $152,000 excluding GST

Annual staff wages: approximately $12,500

Annual utilities and insurance: approximately $5,000

Estimated annual profit: $105,500, based on the owner working 6 days per week

Premises and fitout

Position: busy shopping centre

Store type: inline retail

Initial fitout investment: approximately $180,000

Fitout condition: near new

Lease

Lease term: 5 years, subject to landlord approval

Annual rent: $152,000 excluding GST

Bank guarantee: approximately 3 months' rent

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

Lease assignment: subject to landlord approval

Operations

Trading schedule: 7 days per week

Daily staffing requirement: 1 person

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

Growth opportunities

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

Buyer profile

• Mobile phone technicians
• Retail operators
• Owner-operators

Reason for sale

Current owner experiencing staffing challenges.

Sale

Sale inclusion: shop fitout only

Stock: available separately at valuation plus GST if required

Lease transfer: subject to landlord approval