Listing Number: 189597-920503
Description
This cellphone store has been in this very high foot traffic location in Downtown Freehold for 13 years! They currently offer T-Mobile, Verizon, AT&T, Simple Mobile, and Ultra Mobile, amongst others. They offer locked and unlocked phone options and a wide variety of cell phone accessories. There is an on-site technician who does phone repairs as well. Sales are consistently over 250k/year with profit of over 100k. Store is located in the heart of Downtown Freehold neighboring several popular restaurants, bars and other retail which brings a lot of foot traffic to the street. Currently, the store closes at 6pm and doesn’t benefit from the bustling night life in the neighborhood. Staying open until later in the night would easily increase sales and profit. Very cheap rent at only $1850/month! Price includes over 70k worth of inventory, including cellphones (18k), phone cases (5k), silver & gold plated jewelry (10k), bluetooth speakers (5k), chargers (3k), iPads/tablets (3k), assorted accessories & chargers (10k), supplies for repairs (2k), and display showcases (14k).
Listing Details
- Price: $135,000
- Down Payment: $135,000
- Sellers Discretionary Earnings: $100,985
- Total Sales: $277,673
- Location: Monmouth County, New Jersey
- Inventory: $70,000
- FF&E: $10,000
- Employees: 2
- Reason for Selling: Retirement
- Category: Telephone & Related
