Owning a cell phone store?

Discussion in 'OT Technology' started by wtu311, Feb 26, 2005.

  1. wtu311

    wtu311 Active Member

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    Location:
    Venice Beach, CA/Vegas
    Anyone into this business? How much would it cost? Can it be profitable?
     
  2. msquare

    msquare Guest

    I'm looking into the same opportunity and have found these two so far. Any thoughts on these two anyone?




    Yakety-Yak: http://www.franchisegator.com/cgi-b...ey=662&f_type=8
    Investment Requirements:
    • Total Capital Investment: $30,000 - $45,000
    • Liquid Capital Required: $20,000
    Financing Assistance:
    • Yes
    Training and Support:
    • Yes


    Wireless Toyz: http://www.franchisegator.com/cgi-b...ey=387&f_type=2
    Investment Requirements:
    • Start-Up Costs: $190,000 - $300,000
    • Liquid Capital Required: $60,000 - $90,000
    • Franchise Fee: $30,000
    Financing Assistance:
    • Yes, Via Third Party
    Training and Support:
    • Yes
     
  3. Dustin87

    Dustin87 The Bitchy Boi

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    I think it would be good in a large town... but in smaller towns I don't think there would be much business oppurtunity.
     
  4. YOu don't need to be a franchise to be successful, and yes it can be profitable, but like everything else you need to be ready to work long and hard before you see results. Furthermore, you have to be ready to compete with the big boys i.e carrier owned stores, large chains and other retailers who might be getting better prices on phones and accessories. In short, you have to be ready to put in the effort and weather any initial capital setbacks.
     
  5. MassMan

    MassMan OT Supporter

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    if you're looking into doing it in new england, PM me and I'll fire you off some info that might come in handy.
    -jazz
     

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