Business Summary:
Situated in an outstanding corner location at 4 way stop light next to Starbucks. Nationally known franchise with over 200 locations. There are excellent possibilities of expanding to multiple locations in Seattle and the E-Side. The business has multiple profit centers with high margins. This business is an authorized dealer for 5 major cellular providers and 2 satellite providers. It is one of the few “one stop” shopping centers for cellular and satellite service in the entire Puget Sound region. The owner is basically absentee and has another full time job. Royalty = 13% of commission sales only. Transfer fee $5,000 (paid by Seller). Training fee $5,000 (paid by Buyer). There is 3 weeks of intensive training in Michigan by the Franchisor and then monthly follow up training and marketing plus the Seller will provide an additional two weeks of on site training. This business can be easily expanded by increasing the business to business accounts – the current owner has done very little promotion, networking, or advertising. This is a turn key business with a very healthy profit margin.
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| Year
Business was Established: 2005 |
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| Number of Employees:
1 FT / 2PT |
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| Facilities / Terms of Lease:
Outstanding corner locations at 4 way stop light next to Starbucks. The business occupies 2213 sq ft and the fixtures and equipment are just like new. There is plenty of parking with easy ingress and egress. The total rent is $5,800 per month and the Lease runs till 9/30/2010 and has two 5 year options to extend the term of the lease. |
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| Potential
Growth/Expansion:
This industry is exploding and this business is right at the forefront of the movement. This is one of the only "one stop" complete cellular and satellite providers in this area. The business could be dramatically increased by the addition of more business to business accounts. There is also a great opportunity to expand into multiple locations in the Puget Sound area. |
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| Competition:
There is only one other Wireless Toyz store in the Puget Sound area and this Franchise far out shines the competitors. They are authorized dealers for over 5 major cellular carriers and two satellite carriers. They have everything a customer would want under one roof and can handle everything from the purchase to the repair. |
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| Owner
willing to finance:
Cash or Bank Financing |
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| Owner
willing to train:
The Franchisor provides 3 weeks of intensive training at their Headquarters in Michigan and then on going training and marketing support monthly. The Seller will provide an additional 2 weeks of on site training in the store. |
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| Reason for selling:
Seller has another full time job and cannot devote the time to build this company |
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Seller Reference Number: hfngToyz
BusinessMart.com Listing Number: 39266 |
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