Franchised Verizon Wireless Dealer For Sale

Business description

Franchised cellular store in a great location. They sell Verizon cellular services. Currently residuals are running at $1320/month and increasing monthly. The store can be run with the buyer working full time and one full time employee, the financial performance is based on this assumption. The store is open 60 hours per week. The non compete is governed by the franchisor. Buyer must be accepted by franchisor.

Franchise terms

Buyer must be approved by franchisor and attend training.

Property information

Real Estate:

Lease

Lease terms:

This store is located in a new strip plaza built in 2005. It is anchored by a Publx Grocery Store. Other tenants include Pizza Hut, Verizon, Citi Financial and Coldwell Banker. Walgreens is an out parcel. Traffic count is 39,000 plus vehicles per day. The store is 1200 square feet, rent is $3,370/month. The lease expires August 31, 2011 and has two five year options.

Location:

The store is located in a rapidly growing area.

Other information

Expansion potential:

Verizon pays residuals on sales of service contracts. They pay over a two year period, the more contracts that are sold the greater the monthly residual payment is.

Competition / Market:

The next nearest Verizon store is 15 miles.

Support & training:

Seller will train for two weeks at no cost.

Reasons for selling:

Other business pursuits

Trading hours:

10-7 Mon-Sat, 12-6 Sun

Furniture / Fixtures value:

$30,000 (included in the asking price)

Inventory / Stock value:

$10,000 (included in the asking price)

Related documents:

• 
• Confidentiality Form