Location: Colorado, United States
Industry: Services
Yearly cash flow: $100,000
Revenue: $80,000
Fixed asset value: $1,000(Included in Asking Price)
Inventory value: $1,000(Included in Asking Price)
Financing for buyers: Yes
Year Established: 2008
Employees: 3
Home based: No
Re locatable: Yes
Startup business: No
Loan desired: Yes
Investment desired: Yes
This company has carved a niche as one of only a handful of companies offering out of warranty repair and replacement plans for the Apple iPhone. We are a rapidly growing operation which includes both individual and corporate clients with up to 100+ phones covered per client. We started in December 2008 and now provide all kinds of iPhone repair services for our customers. Our current repair rate for covered phone is around 10-20%. We currently outsource all of our repairs and pay an average $100-150 per repair. We are looking for a buyer who has the iPhone repair expertise to continue the business in a more sustainable direction. Our sales projection for this year is $100,000 with over 1200 clients and profitable. The current pricing structure allows for a 100% claim rate for a screen repair (digitizer) for our customers.
Business location: Currently operates out of a storefront location shared with a complimentary business. The operation is fully relocatable to anywhere in the United States with our repair contracts.
Business competition: There are 2 direct competitors. Our largest competitor is Square Trade which does not exclusively focus on iPhones. Our other competitor is a small start up that offers a warranty provided by another party. The second competitor has been in business approximately 2 months and has little impact.
Business opportunities: The business adds 100+ clients per month. Sales have increased by offering cases and other accessories at time of checkout. Service could also be expanded to BlackBerry devices and other phones.
Financing terms: Possible short term financing available.
Support and training: We will fully train the purchaser on all systems and provide 90 days of phone, email, and if possible in-person support. All databases will be explained and broken down.
Reason to sell: We do not feel that our team is able to grow the business in the way that it needs to be managed. Our expertise does not lie with phones or repairs and thus the business has suffered a lack of vision. This business is best suited for a buyer with experience in managing a service center.
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