Description of the business for sale
Established Cellular Phone Business located in the largest retail center in Canyon Lake. Canyon Lake is located in Southwest Riverside County the fastest growing county in California. Seller is currently leasing a new location in the Canyon Hills Market Place which is expected to be finished by the end of the second quarter of 2006. This location has high visibility and traffic flow and is expected to increase traffic to the store by at least 50%. The wireless business continues to grow as millions of cell phones are sold and activated each year with advanced features and this Nextel store has good year-to-date revenue growth. 20% of cell phone owners will change their phones this year. Sprint and Nextel are in the process of merging to create a powerful communications company with big upside potential with new leading edge data technology. With this merger, Sprint will combine its strong consumer presence with that of Nextel s market dominating B2B business. See the following press release for more information: http://sprintnextel.mergerannouncement.com/ Seller is licensed to sell wireless phones, data services and vehicle locators. This store is an Authorized Nextel Representative and Preferred Partner, this location is also an Authorized Nextel Service Center and has a protected territory. 55% of their business comes from B2B repeat commercial accounts with the balance being walk-ins and consumer business and should exceed expectations. Excellent books and records which will satisfy SBA loan criteria. Purchase price includes all furniture, fixtures and equipment.
Support / Training provided by seller
Seller will provide training
Description of the facilities
2,800 sq. ft. building