Mobile Phone Repair Business in Hornsby Shopping Centre

Description

Mobile Phone Repair and Accessories Business for SaleAn excellent opportunity to acquire an established mobile phone repair and accessories business, ideally suited for an owner-operator looking to step into a growing retail and service sector.This opportunity is particularly suitable for buyers who:• Have experience as a mobile phone technician• Have a strong interest in retail sales• Are looking to operate their own businessBusiness Overview:• Location: Upper North Shore, Sydney NSW• Positioned within a busy shopping centre• Operating since December 2022• Lease term: 5 years (subject to landlord approval)• Shop type: Inline retail store• Initial fitout investment: Approx. $180,000• Current fitout 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 servicesGrowth Opportunities:• Expand into laptop repairs, accessories, and device sales• Introduce prepaid SIM cards and postpaid mobile plans• Add complementary electronic products to broaden the retail offeringFinancial Overview:• Annual sales: Approx. $400,000• Annual rent: $152,000 excluding GST• Cost of goods: Approx. $125,000 (25% of revenue)• Staff wages: Approx. $12,500 annually• Utilities (insurance, electricity, phone, internet): Approx. $5,000 annually• Annual profit: Approx. $105,500 based on an owner-operator working six days per weekSale Details:• Asking price: $99,000 plus GST• Included in the sale: Fitout only• Bank guarantee: Approx. three months’ rent equivalent• Stock available at valuation plus GST if required• Estimated legal costs for lease assignment and contract preparation: Approx. $10,000• Lease assignment subject to landlord approvalReason for Sale:The business is being offered for sale due to staffing challenges, with the current structure better suited to an owner-operator who can maximise its operational and financial potential.