Franchise Battery Store and Cell Phone Repair

File# C2410
Location: Macomb Twp
Business Price: $120,000
Down Payment: $50,000
Monthly Payment:1353.30
Interest Rate: 6%
Amortization Period:5 years
Gross Sales: $480,555
Source: Seller 2017 P&L
Cash Flow: $54,095
Source: Seller 2017 P&L
Inventory: $30,000
Days Open: 7 days
Business Hours: 8am-7pm
Seats: NA
Parking: ample
Licences Required:Sales tax
Year Established:2010
Year Acquired: 2010
Monthly Rent:$3,093.02, NNN $322.75 +/-

Profile:

((Very Confidential))Become the “go-to” battery specialist for retail and commercial customers with this turnkey operation. This is a rare opportunity for ownership in the ever-expanding battery market. Battery Giant is a locally owned and operated Michigan franchise with a loyal following and customer base. This store carries batteries for more than 100,000 different consumer and professional devices. If you need a battery for anything, chances are you can find it at a Battery Giant. The store has a highly visible end cap location in an upscale strip center on major highway. The in-house tech center staff builds custom battery packs, handles power tool battery rebuilds, services motorized toys, recycles old batteries, changes rechargeable batteries, and replaces automotive batteries. The business has multiple revenue streams coming from retail sales, commercial sales, technical service repairs, and recycling, and cell phone repair. The franchise provides a large protected territory, low royalty fees, state of the art Point-of-Sale system, and a low corporate overhead cost structure. No specialized technical knowledge of batteries is required. The seller will train the new owner on this easy to own and operate business. Seller Will train up to 30 days.
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%) 4% max royalty fee per month. Additional 4% local advertising fee and 1% national marketing fee which includes website. There is a $5,000.00 transfer fee to be paid by buyer and a $175 per month fee for the POS system. This is a very unique opportunity. Act now and schedule your appointment today.

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This information has been supplied to Broker, Capital 1 Commercial Group, 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.