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Highly Profitable Cell Phone Store In Buford, GA! For Sale

Buford, Georgia, US
Asking Price:
$549,000
Sales Revenue:
$766,000
Cash Flow:
$242,701

Yearly sales are projected at $766,000, as the second location just opened in April of last year and sales are ramping up!

Net profit is over $242,000 per year after paying $108,000 in payroll and all other expenses! Sellers run the second location full-time, so employee payroll is only $54,000 per year to run one location, which means Seller's Take Home is over $296,000 per year!

Cell phone Repair and Accessory Business in the Mall of Georgia in Buford, GA!

Cell phone accessories are high margin items! Seller's inventory cost is only about 20%! Cell phone repairs make up 40% of the total revenue of the business!

There are 2 locations within the Mall! One location is upstairs and the other is downstairs! Seller opened the second location last year so the FF&E looks new and fresh!

Only one employee is needed at each location!

The downstairs location is right at the entrance of a department store! Department store customers entering the mall view this location first! Great visibility and and more noticeable based on its location!

Store is only open for 10 hours each weekday and 8 hours on the weekend!

Store has 4.7 out of 5 stars on Google with nearly 650 reviews!

Located in the Mall of Georgia in Buford, GA! Approximately 17 million people visit the Mall of Georgia annually!

Less than 1 hour from Atlanta! 30 min from Lawrenceville and Duluth, GA!

2 miles from apartment complexes like The Ivy at Ariston, Dakota Mill Creek, The Reserve at Ivy Creek Apartment Homes, Preserve at Mill Creek, Town Laurel Crossing Apartments, and Summer Park Apartments.

Close proximity to a 106-acre development with 1,000 new apartment units, townhomes, and senior housing for about 3,000 residents!

4 miles from a massive proposed 700-unit apartment development!

Average traffic count of 32,800 vehicles each day!

Asking Price for Business-only: $549,000 plus inventory!

Property Information

Real Estate:

Lease

Location:

Buford, GA