cell phone & tablet sales & repair store
TRANSCRIPT
Cell Phone & Tablet Sales & Repair Store
Manchester, NH
Asking price: $32,500
Listed by: Alicia Kalil, Allied Business Consulting LLC
Office Address: 1015 Elm St, Suite 201 A, Manchester, NH 0310
Contact: 603-793-9866 or [email protected]
UNDER NO CIRCUMSTANCES SHOULD THE COMPANY, OWNERS, OR EMPLOYEES BE CONTACTED DIRECTLY
Allied Business Consulting LLC
Allied Business Consulting LLC has been retained by Salon Apryl (the “Company”) on an exclusive basis to assist in discussions
between the Company and potential buyers and lenders concerning a purchase of the operating business. All inquiries regarding
the Company should be made through Allied Business Consulting LLC; neither the Company nor any of their employees should be
approached directly.
Allied Business Consulting LLC has prepared this Confidential Business Review (CBR) in its capacity as broker and advisor to the
Company. The CBR is being delivered to a limited number of parties who, it is believed, may be interested in acquiring or in
financing the acquisition of the Company and who have previously executed a written Non-Disclosure and Buyer Obligation
agreement. By its acceptance hereof, each recipient agrees that it will not copy, reproduce or distribute to others this CBR, in
whole or in part, at any time, without the prior consent of Allied Business Consulting LLC on the Company’s behalf, and that it will
keep permanently confidential all information contained herein and will use this CBR only for the sole purpose of evaluating a
possible transaction.
While the information contained herein is believed to be accurate, Allied Business Consulting LLC and the Company disclaim
any and all liability for representations, expressed or implied, contained in, or for omissions from, this CBR or any other written or
oral communication transmitted to any interested party in the course of evaluating a possible transaction.
This CRB was prepared by and under the supervision of the Company and contains selected information pertaining to the
proposed strategic investment and the projected operations of the Company. This CBR does not purport to be all-inclusive and all
further due diligence by prospective Participants will be required before any definitive commitments are made. Neither the
Company, Allied Business Consulting LLC nor any of their respective officers, directors, employees, affiliated or agents make any
representation or warranty, expressed or implied as to the accuracy or completeness of This CBR or any of its contents and no
legal liability is assumed or is to be implied against any of the aforementioned with respect thereto.
This CBR does not constitute an offer to sell or solicitation of an offer to buy any securities of the Company. This CRB
accordingly does not contain the information that would be required in a prospectus or offering circular intended to be
distributed to persons in a public offering of securities of the Company including the risks factors involved.
This CBR shall remain the property of the Company and the Company or Allied Business Consulting LLC on the Company’s
behalf, reserves the right to request the return of this CBR at any time. If the prospective buyer should have no further interest in
the acquisition of this business, this CBR and all other information delivered to the prospective buyer shall be promptly destroy or
returned to Allied Business Consulting LLC. All inquiries and requests for additional information relating to the Company shall be
directed to the Allied Business Consulting LLC person listed below:
Alicia Kalil
Allied Business Consulting LLC
1015 Elm Street Manchester, NH 03101
603-793-9866
Important business points:
Location: On a very busy main road of Manchester, NH. With a daily traffic count of 43,000 cars per day!
Customer Base: Men and Women looking for a cheaper alternative to their cell phone and tablet needs.
Size of Premises: 1,200 Sq. Feet
Reason for Selling: Owner is moving
Clients: Residents of Manchester which is comprised of an estimated 110,378 residents
Business Hours:
Monday 10-7
Tuesday 10-7
Wednesday 10-7
Thursday 10-7
Friday 10-7
Saturday 10-5
Sunday CLOSED
Opened: 2012
Seller Financing: Yes, with minimum of 60% down
Revenue for 2014: $268,758
Business Summary
Great opportunity to get into an established business capable of providing instant income!
TRENDS
Smartphones continues to be the one of the largest focal points of all of consumer electronics in the US, with 134 million units shipping in 2014. This represents 9% growth in retail volume terms over the previous year and is impressive considering that the retail volume CAGR from 2008-2013 was 37%. After some time, smartphones still has significant momentum. The key driver of this momentum is a gradual shift in focus from high-end products towards more affordable ones that drive volume sales. Telecom companies are happy to sacrifice value sales for volume, because each still brings in lucrative dollars via subscriptions and contracts. Thus, mobile phone OEMs have increasingly been forced to compete on price, particularly as the marginal value of additional features begins to dwindle. A vast majority of manufacturers offer smartphones off-contract for under US$200, which would cost nearly nothing when subsidised with a 2-year contract. The length of time that mobile phones have been around has also driven down prices, as people can choose older models right before new ones are released at greater value. Walmart, America’s largest retailer which caters heavily to value-orientated shoppers, decided to release Apple’s iPhone 5c for only US$1 in 2014, weeks before the expected release of the iPhone’s next generation. Apple, long established as having some of the most costly phones, has even begun to see its base expand into the middle-market as its older phones and more cheaply made phones continue to proliferate.
(http://www.euromonitor.com/mobile-phones-in-the-us/report)
Thus, the cell phone market continues to grow with a large emphasis on consumers looking for more affordable options. Recell has been able to successfully provide these options, making it a strong and valuable player in the market place!
Products and Services Offered
Cell Phone & Tablet Sales
Repairs
Activation Services
Monthly Pre-Paid Plans
Unlocking
Jail Breaking
Flashing
All services provided are legal and ethical – unfortunately the big guys don’t tell you this!
Premises and lease
The business is located within a popular plaza on a main busy road.
The build out and all required equipment will stay with the business, allowing the new owner(s) to open and operate on day
one!
The current lease is for $1,833.00 per month and expires in April of 2016 with the option to renew upon the request of the
new owner(s).
Equipment & Supplies
(4) Point of sale Computer(s)
(2) Tall Standing Repair Desks
(1) Main Repair Desk
(1) Computer Desk
(1) Small Computer Desk
(7) Computer Monitors
(10) Slat Walls
(1) Security System
(8) Trash Cans
(2) Trash Barrels
(1) Work Order Wall
(1) Shelving Wall/Modem Wall
(1) DVR System & 4 Cameras
(7) Network Phones
(1) Poland Spring Water
Dispensers
(1) Vacuum
(1) Rolling Shelf Compartments
(5) Seats for Customers
(2) Stools
(6) Maple Cabinets for Front
(1) Paper Shredder
(2) Fire Extinguisher
(13) Plastic Drawer (bins)
(5) Specialty Bins for Parts
(4) Plastic Bins for larger parts
(30) Specialty bins for Parts
(1) Electronic Register
(1) Regular Register
(2) Laser Jet Printers
(1) Black Table for Printer
(2) Cell Brite Machines
(1) Filing Cabinet
(1) Sound System
(8) Brochure Display Holders
(8) Black Picture Frames
(2) White Boards
(5) Keyboards (computer)
(3) Mouse (computer)
(75) Phone Display Holders
(1) Blue Rolling Chair
(1) Leather Chair
(1) Modem
(1) Router
(4) Street Signs
(1) In-Store Logo Signs
(2) 4 Quadrant White Boards
(1) Outside of Store Sign
(2) Marquee Signs Outside
(1) Open Sign
(1) Plexi Glass
(1) Power Strip
(2) Window Signs
(3) POS Printers
(2) Ultra Sonic Machine
(1) Broom
Estimated Value = $15,290
Demographic Information
Population in 2012: 110,209 (100% urban, 0% rural). Population change since 2000: +3.0%
Median resident age: 36.2 years
New Hampshire median age: 41.8 years
Zip codes: 03101, 03102, 03103, 03104, 03109.
Estimated median household income in 2012: $54,644 (it was $40,774 in 2000)
Manchester: $54,644
NH: $63,280
Estimated per capita income in 2012: $26,378
White alone - 89,893 (82.0%) Hispanic - 8,883 (8.1%) Black alone - 4,063 (3.7%) Asian alone - 3,993 (3.6%) Two or more races - 2,170 (2.0%) American Indian alone - 250 (0.2%) Other race alone - 272 (0.2%) Native Hawaiian and Other Pacific Islander alone - 41 (0.04%)
For population 25 years and over in Manchester:
High school or higher: 88.0% Bachelor's degree or higher: 26.5% Graduate or professional degree: 8.0% Unemployed: 8.8% Mean travel time to work (commute): 21.3 minutes
For population 15 years and over in Manchester city:
Never married: 38.4% Now married: 40.4% Separated: 2.1% Widowed: 6.1% Divorced: 13.0%
Read more: http://www.city-data.com/city/Manchester-New-Hampshire.html#ixzz3Op6BF31g
Males: 54,577 (49.5%)
Females: 55,632 (50.5%)
Product & Service Line
Verizon
AT&T
T-Mobile
Page Plus Cellular
H2O Wireless
Simple Mobile
Selected Services
Competition
Cellular Freedom
Cell Phone Store 373 South Willow Street, Manchester, NH 03103
EZ COMPUTER & iPHONE REPAIR
Video Game Store
591 Mast Road, Manchester, NH 03102
We Fix Wireless
Electronics Repair Shop
1500 South Willow Street, Manchester, NH 03103
Grolen Communications Inc
Computer Repair Service
814 Elm Street, Manchester, NH 03101
CONFIDENTIALITY AND NON-DISCLOSURE AGREEMENT
THIS AGREEMENT is made by and between __________________ having an address of
______________________________ (hereinafter "Buyer") and Allied Business Consulting, LLC, a
new Hampshire Limited Liability Company having an address of 1015 Elm Street, Manchester, New
Hampshire 03101 (hereinafter "Broker").
WHEREAS the Company operates a Cell Phone & Tablet Sales, Service & Repair Store in Manchester,
NH and is interested in negotiating a potential sale of the business to Buyer and/or his assigns;
WHEREAS Buyer has expressed interest in the business and may require the review of certain
confidential financial records and proprietary business systems, patents, trademarks and models;
WHEREAS during the course of negotiations between the parties it may be necessary for each party
to disclose certain proprietary information, financial statements, tax returns, customer lists,
advantageous business relationships to the other; and
WHEREAS the parties intend by this agreement to fix the terms and conditions under which each
party may review such confidential and proprietary information.
NOW THEREFORE for good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties agree as follows:
1. The parties will preserve as confidential all Confidential Information, which they may obtain during
the course of the negotiations. Without the prior written consent of the other party, which may be
given or withheld in its sole and absolute discretion, neither party will (a) disclose any Confidential
Information to any third party nor give any third party access thereto, nor will either party use any
Confidential Information except in evaluating the contemplated business relationship; nor (b) disclose
to any third party either the fact that discussions or negotiations are taking place, the terms,
conditions or status thereof nor the fact that Confidential Information is being made available. The
parties may share this information with its attorneys, lenders, financial advisor and accountants who
shall agree to hold such information as proprietary and confidential and not to be disclosed to others.
2. The parties will use at least the same degree of care to avoid the publication, disclosure,
reproduction or other dissemination of the Confidential Information as each employs with respect to
its own valuable, proprietary information.
3. All documents, drawings, records, data bases, programs and other physical media of expression
incorporating or containing any Confidential Information which come into a party’s possession or
control are acknowledged to be the property of the other party and will be promptly surrendered to
the disclosing party upon demand or upon the expiration or termination of discussions and
negotiations.
4. For the purposes of this Agreement, the term ''Confidential Information'' means: (i) any and all
information whether written or oral, furnished between and among the parties (whether such
information is prepared by or obtained from the parties or their authorized agents), together with
business plans, financial statements, analyses, compilations, studies, customer lists, trade secrets,
research and development, distribution methods and processes, price lists, market studies, computer
software and programs, vendors and suppliers and all other documents prepared by the parties, their
clients, partners, agents, employees or representatives (including without limitation attorneys,
accountants, analysts and financial advisors) which contain or otherwise reflect such information;
(ii) the identity of suppliers and customers and the nature and extent of the business relationships
with such persons, (iii) the financial condition, results of operations, business plans, prospects,
projections, employees, management, investors, products, strategies, practices and techniques and
(iv) all information concerning the designs, methods, processes, developments, ideas and inventions.
Notwithstanding the above, Confidential Information will not include any information that is or
becomes public knowledge otherwise than by the non-disclosing party’s act or omission.
5. The parties agrees that monetary damages alone will not be a sufficient remedy for any breach of this
Agreement and that in addition to all other remedies which may be available, the parties will be entitled
to specific performance and injunctive or other equitable relief, without bond, as a remedy for any such
breach or threatened breach.
6. To the fullest extent permitted by law, all of the covenants and agreements contained in this
Agreement will survive the termination of any discussions or negotiations between the parties or the
termination or expiration of any business relationship which may hereafter be established between the
parties and will also survive any definitive agreements entered into by the parties hereto, unless and
only to the extent that such definitive agreements expressly supersede the covenants and agreements
contained herein.
7. This Agreement supersedes all previous agreements, written or oral, relating to the above subject
matter, and may be modified only by a written instrument duly executed by the parties hereto.
8. In the event of any litigation between Buyer and Seller in connection with this Agreement, the
unsuccessful party to such litigation will pay to the successful party therein all costs and expenses,
including but not limited to actual attorneys' fees incurred therein by such successful party, which costs,
expenses and attorneys' fees shall be included as a part of any judgment rendered in such action in
addition to any other relief to which the successful party may be entitled.
9. All clauses and covenants contained in this Agreement are severable and in the event any of them is
held to be invalid by any court, this Agreement will be interpreted as if such invalid clauses and
covenants are not contained herein.
10. This Agreement will be construed according to the laws of the State of New Hampshire. Any suit
brought hereon shall only be brought in the state or federal courts sitting in New Hampshire, the parties
hereto hereby waiving any claim or defense that such forum or venue is not convenient or proper.
IN WITNESS WHEREOF the parties have executed this agreement.
Buyer
Date: by:
Name
Allied Business Consulting, LLC
Date: By:
Alicia Kalil