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Leading National Parts & Repair Franchise In Bergen County For Sale

Bergen County, New Jersey, US
Asking Price:
$250,000 Furniture / Fixtures included
Sales Revenue:
$950,000
Cash Flow:
$105,000

Be a part of the nation’s largest and fastest-growing battery, light bulb and smartphone/tablet repair franchise with a nationwide network of stores. With access to more than 60,000 types of batteries, bulbs and accessories, this business has the widest selection of products available. They offer unmatched service to consumers, businesses and government entities at the national and local levels. This Franchise continues to reign as the undisputed leader in the expanding $32 billion U.S. battery replacement market, the growing $22 billion U.S. light bulb replacement market, and the $2.4 billion smartphone repair industry. This industry is considered “essential” and is pandemic resistant.

This store is well established with great financials and a strong customer base. Paramus, NJ, one of the largest retail shopping destinations in the U.S., generating over $5 billion in retail sales. Over 100,000 cars pass the store location each day. Store location is with 15 miles of 8,000,000 potential retail and commercial customers within this marketing territory.

Retail- We offer national brands and exceptional value. Our battery products cover every application from laptops, cell phones and cars, to military equipment, heavy duty construction equipment and other business- to-business applications. Our light bulb products include everything from common types used for table lamps and light fixtures to unique specialty functions for cars, healthcare equipment, aquariums, projectors and much more. Stocking hard-to-find batteries and light bulbs is our specialty. Our extensive line, knowledge and customer service practices differentiate us from other retailers.

Business Accounts- We offer superior battery and light bulb product knowledge, battery conditioning and maintenance, delivery and a personal contact. We provide high-quality products and services for a wide variety of industries ranging from healthcare and hospitality to construction and military. We provide the most complete selection of batteries and light bulbs from one source. Our team is ready to serve both locally and nationally.

Service- Today's technology often uses a source of rechargeable power that is taken for granted. Our stores are equipped to handle the diverse needs of our customers. We offer services including in-store repairs for Apple devices including iPhones, iPads, most Samsung devices and many more, battery pack design and building capability, installation services for many applications, including watches, cars/trucks, and keyless remotes, as well as in-store recycling program using EPA-approved methods for safely recycling batteries, light bulbs, ballasts, and select portable electronic devices.

Property Information

Real Estate:

Lease

Premises Details:

High exposure strip mall surrounded by national brands. All fixtures, equipment, computers and inventory in place to conduct ongoing operations. Over 100,000 cars pass the store location each day. Store location is with 15 miles of 8,000,000 potential retail and commercial customers within this marketing territory.

Business Operation

Expansion Potential:

"Build on recent "essential retail" designation, which led to a 11.3% retail sales increase in the second half of 2020. Continue to leverage digital marketing of SLI (starter, lighter, ignition). Batteries sales for Auto, Truck, Golf Cart, & Marine Categories constant because Amazon and on-line retailers do not ship these batteries directly to customers. Expanded to pre-Covid-19 store hours, adding 18 hours to store operating hours in 2021.

Competition / Market:

Brand awareness allows this business to dominate the competition. Also, multiple product lines and the repair center sets this business apart.

Reasons for selling:

Owner is wanting to retire.

Employees:
6
Years established:
2012

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

National leading franchise brand.

Other Information

Support & training:

The franchise offers world class training and support through onsite training, online modules, call center support, regional support staff, regional boot-camps, national convention, corporate training facilities, and regular training calls and webinars. Seller will provide additional training and transition support.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Seller might entertain some financing as governed by buyers lender.

Furniture / Fixtures value:
$16,000 - included in the asking price
Inventory / Stock value:
$90,000

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