Franchise Battery Store and Cell Phone Repair

File# C2410
Location: Macomb County
Business Price: $99,900
Down Payment: $60,000
Monthly Payment:$753.98
Interest Rate: 6%
Amortization Period:5 years
Gross Sales: $509,713
Source: 2018 Profit & Loss
Cash Flow: $74,095
Source: 2018 Profit & Loss
Inventory: 30,000
Days Open: 7 days
Business Hours: 8am-7pm
Seats: NA
Parking: ample
Licences Required:Sales Tax, Franchise
Year Established:2010
Year Acquired: 2010
Monthly Rent:$3,093.02, NNN $322.75 +/-

Profile:

This could be the perfect franchise opportunity for you. You will be providing products and services that consumers and businesses need for many years to come. This is an established battery store with a 10-year track record of reliable cash flow and remarkable reputation. The store carries batteries for more than 100,000 various consumer and pro devices. Become the go-to source for of all kinds of batteries, phone repair, and auto key cutting/fob programming. The business will give you multiple streams of revenue from retail sales, commercial sales, battery rebuilds and recycling. No previous knowledge of batteries is required. Training will be provided by the seller, the first franchisee of the brand. You will have a large protected territory, low royalty fees, state of the art POS system, and a low corporate overhead structure. Located in a premium strip center location, it generates 60-70% walk-in traffic. With consistent 30% of sales from commercial battery rebuilds, you will have many repeat customers. Make additional income by selling new products and growing phone repair with the flexibility you will not see with other franchises. In fact, the average U.S. household has 28 battery-powered devices that need replacement. This is a unique opportunity with solid cash flow and seasoned staff. Act now and make an appointment today!
Royalty fees are 0-4% based on gross monthly revenues. ($0 – $10,000: 0%, $10,001 – $20,000:1%, $20,001 – $30,000: 2%, $30,001 – $40,000: 3%, amounts over $40,001: 4%) 5% max royalty fee per month. 4% local advertising fee, 1% national marketing fee which includes website. There is a $5,000.00 transfer and training fee to be paid by buyer and a $175 per month fee for the POS system. Franchise agreement ends in March 2020. Licensing only opportunity is available after March 2020.

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This information has been supplied to Broker, Capital Business Brokerage, Inc. by Seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser's counsel.