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Cell Phone Repair Business Plan Template

Written by Dave Lavinsky

Cell Phone Repair Business Plan

Over the past 20+ years, we have helped over 1,000 entrepreneurs and business owners create business plans to start and grow their cell phone repair businesses. On this page, we will first give you some background information with regards to the importance of business planning. We will then go through a cell phone repair business plan template step-by-step so you can create your plan today.

Download our Ultimate Business Plan Template here >

What is a Cell Phone Repair Business Plan?

A business plan provides a snapshot of your cell phone repair business as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategy for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan for a Cell Phone Repair Business

If you’re looking to start a cell phone repair business, or grow your existing cell phone repair business, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your cell phone repair business in order to improve your chances of success. Your cell phone repair business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for Cell Phone Repair Businesses

With regards to funding, the main sources of funding for a cell phone repair business are personal savings, credit cards, bank loans and angel investors. With regards to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to confirm that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings and bank loans are the most common funding paths for cell phone repair businesses.

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How to write a business plan for a cell phone repair business.

If you want to start a cell phone repair business or expand your current one, you need a business plan. Below are links to each section of your cell phone repair business plan template:

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of cell phone repair business you are operating and the status. For example, are you a startup, do you have a cell phone repair business that you would like to grow, or are you operating cell phone repair businesses in multiple markets?

Next, provide an overview of each of the subsequent sections of your plan. For example, give a brief overview of the cell phone repair industry. Discuss the type of cell phone repair business you are operating. Detail your direct competitors. Give an overview of your target customers. Provide a snapshot of your marketing plan. Identify the key members of your team. And offer an overview of your financial plan.  

Company Analysis

In your company analysis, you will detail the type of cell phone repair business you are operating.

For example, you might operate one of the following types of cell phone repair businesses:

• Mail-In Cell Phone Repair Service: this type of cell phone repair business allows people to mail their phones in to be repaired, and then mails them back once they are fixed.
• Brick-and-Mortar Phone Repair Service: this type of cell phone repair business occupies its own retail location where customers can bring their broken cell phones in person and pick them up in person as well.
• White Label Cell Phone Repair: this type of business provides cell phone repair services to companies that want to provide phone repair services to their customers under their own business name.

In addition to explaining the type of cell phone repair business you will operate, the Company Analysis section of your business plan needs to provide background on the business.

Include answers to question such as:

• When and why did you start the business?
• What milestones have you achieved to date? Milestones could include the number of customers served, number of positive reviews, total number of phones fixed, etc.
• Your legal structure. Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry analysis, you need to provide an overview of the cell phone repair industry.

While this may seem unnecessary, it serves multiple purposes.

First, researching the cell phone repair industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your strategy, particularly if your research identifies market trends.

The third reason for market research is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section of your cell phone repair business plan:

• How big is the cell phone repair industry (in dollars)?
• Is the market declining or increasing?
• Who are the key competitors in the market?
• Who are the key suppliers in the market?
• What trends are affecting the industry?
• What is the industry’s growth forecast over the next 5 – 10 years?
• What is the relevant market size? That is, how big is the potential market for your cell phone repair business? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section of your cell phone repair business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: electronics stores, digital native cell phone users and older cell phone users.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of cell phone repair business you operate. Clearly, digital natives would respond to different marketing promotions than older cell phone users, for example.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, include a discussion of the ages, genders, locations (if applicable) and income levels of the customers you seek to serve. Because many cell phone repair businesses serve customers living in their same city or town, this type of demographic information is easy to find on government websites.

Psychographic profiles explain the wants and needs of your target customers. The more you can understand and define these needs, the better you will do in attracting and retaining your customers.

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Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other cell phone repair businesses.

Indirect competitors are other options that customers have to purchase from that aren’t direct competitors. This includes cell phone insurance vendors, cell phone retail stores, cell phone manufacturers, and electronics stores. You need to mention such competition as well.

With regards to direct competition, you want to describe the other cell phone repair businesses with which you compete. Most likely, your direct competitors will be cell phone repair businesses located very close to your location.

For each such competitor, provide an overview of their businesses and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as:

• What types of customers do they serve?
• What types of cell phones do they repair?
• What is their pricing (premium, low, etc.)?
• What are they good at?
• What are their weaknesses?

With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

• Will you provide better repair services?
• Will you provide services that your competitors don’t offer?
• Will you provide better customer service?
• Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.  

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a cell phone repair business plan, your marketing plan should include the following:

Product : In the product section, you should reiterate the type of cell phone repair company that you documented in your Company Analysis. Then, detail the specific products you will be offering. For example, in addition to cell phone repair, will you provide tablet repair or any other services?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your marketing plan, you are presenting the services you offer and their prices.

Place : Place refers to the location of your cell phone repair company. Document your location and mention how the location will impact your success. For example, is your cell phone repair business located in a busy retail district, shopping plaza, mall, etc. Discuss how your location might be the ideal location for your customers.

Promotions : The final part of your cell phone repair marketing plan is the promotions section. Here you will document how you will drive customers to your location(s). The following are some promotional methods you might consider:

• Advertising in local papers and magazines
• Reaching out to local websites
• Social media marketing
• Local radio advertising

Operations Plan

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your cell phone repair business, including repairing phones, speaking with customers, point-of-sale service, and marketing.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to repair your 1,000th phone, or when you hope to reach $X in revenue. It could also be when you expect to expand your cell phone repair business to a new city.  

Management Team

To demonstrate your cell phone repair business’ ability to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.

Ideally you and/or your team members have direct experience in managing cell phone repair businesses. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act like mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in managing cell phone repair businesses or successfully running small businesses.  

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet and cash flow statements.

Income Statement : an income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenues and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you repair 100 phones per month or per quarter? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets : Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your cell phone repair business, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a bank writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement : Your cash flow statement will help determine how much money you need to start or grow your business, and make sure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt.

In developing your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a cell phone repair business:

• Location build-out including design fees, construction, etc.
• Cost of equipment and supplies
• Payroll or salaries paid to staff
• Business insurance
• Taxes and permits
• Legal expenses

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your office location lease or descriptions of phone repairs you are working on.  

Putting together a business plan for your cell phone repair is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will really understand the cell phone repair industry, your competition, and your customers. You will have developed a marketing plan and will really understand what it takes to launch and grow a successful cell phone repair business.  

Cell Phone Repair Business Plan FAQs

What is the easiest way to complete my cell phone repair business plan.

Growthink's Ultimate Business Plan Template allows you to quickly and easily complete your Cell Phone Repair Business Plan.

What is the Goal of a Business Plan's Executive Summary?

The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of cell phone repair business you are operating and the status; for example, are you a startup, do you have a cell phone repair business that you would like to grow, or are you operating a chain of cell phone repair businesses?

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How to Start a Cell Phone Shop Business in 10 Steps

Do you want to start a mobile phone shop? If so, find here in this article, a stepwise plan guide to starting a profitable cell phone business from home or a retail space.

The entry barrier to opening a mobile shop is low. And that is why more and more people are interested to start a mobile store in their locality. However, it is seen, that 20% of mobile shop businesses become successful in the long run. The rest 80% closes their shops within a year or two due to financial loss. The main reason for such a high rate of failure is due to a lack of business planning, and an inability to understand the taste and trends of smartphone buyers.

Here are the 10 Steps to Open a Cell Phone Shop

1. understand the local market.

Understanding the local market is the key to success for any retail-based business. It holds true for mobile shop businesses too. It is a fact cell phone business is getting saturated day by day. However, there is always a scope for new players to enter as the demand is high.

Conduct detailed market research and find out the cell phone store that is successful and also those that are not so successful.  Check out their offerings like what kind of mobile phones they are selling. Are there any additional services like phone repair or accessories offered? Find out the gaps and plan accordingly.

2. Create a Business Plan

After getting the necessary information from market research, it is time to write the business plan for your cell shop. Do remember, a mobile shop business plan document plays a critical role in not only working as a roadmap for your present and future business activities but also getting a license to become an authorized reseller from carrier companies and getting funds from investors.

Some of the basic aspects that your mobile shop business plan must include are the following:

• Startup and recurring costs
• Target customers
• Manpower plan
• How do you plan to promote your cell shop?

Another key chapter of the cell shop business plan is o list don the products and services you plan to sell. For example, one can sell products like headsets, power banks, headphones ,  battery chargers, memory cards, and cables. You can also sell recharge plans from reputed wireless carriers. In addition, to boost up more income, one can include a handset repairing workstation. Write in detail about the products offered and the brands of those products.

3. Name your Cell Shop

It is extremely important to select a catchy and relatable name for your mobile phone shop business . The name must aptly reflect the activities of your business. For example, if your primary name is to sell cell phone handsets name accordingly. It holds the same if your focus is to sell mobile phone accessories or handset repair.

Learn More:   How to Name Your Business? Step-By-Step Guidelines

4. Select a Location

Choosing a proper retail location is another make-or-break decision to make before opening a mobile phone store. An ideal location for a cell phone store is to find a centrally located retail space where there is a steady flow of traffic and not many similar shops are nearby. Though this kind of retail space will cost you more, the profit return will ensure a fast payback period.

But if you are short on budget for paying for a premium location, find one that at least ensures good traffic.

5. Register Your Cell Phone Shop Business

If you are planning to start and run a legally compliant mobile shop, it is necessary to register your business. Talk to the local competent authority or a local attorney and find the right business structure based on your scale of operation. For example, for mobile shop owners in the United States, forming an LLC provide additional benefits like protecting personal assets and making annual filing of taxes easier

6. Procure Licenses

It is mandatory in the United States to have an electronics store license if the shop owner sells more than 30 different items. For fewer items, it is not a must to procure a store license. Visit the official SBA website and find out the licenses required to open a cell shop. You may need additional licenses if services like mobile handset repair jobs.

7. Buy Liability Insurance

There are various types of financial risks involved in running a cellphone shop business. Some of the insurances that you need to consider are product liability insurance, property insurance, and worker’s compensation insurance. Check this article on various types of liability insurance to learn more.

8. Contact Wireless Providers & Understand Carrier Contracts

Contacting wireless plan providers and understanding their carrier contracts is one of the most key decisions one needs to make before opening a cell shop business that sells recharge plans.

The most popular wireless companies in the United States are T -Mobiles, Verizon, and AT&T. However there are other upcoming wireless companies you can reach. Some of them are Mint, Visible, and Google Fi.

Check the plans of the phone carriers and select the one that fits best in terms of speed, monthly cost, and other parameters. In addition, read carefully the contract document of each of the carriers. The terms and conditions of the reseller contract agreement vary from company to company. You must be comfortable and confident in adhering to their terms. Failure to which will lead to the unfortunate termination of the contract.

9. Apply as an Authorized Reseller

The next final step is to apply for an authorized reseller with the chosen cell carrier. Your business plan document will come in handy in the application process. Your business plan must convince the principal carrier that you are fit to be a reseller of their products and services.

Another aspect that will be taken into account seriously before granting authorized resellers is your financial status. This is because all cell phone plans are credit-based. The more credit you can provide, the more the sales and the more the profit.

10. Promote your Cell Shop Business

The final and most important step for a successful cell phone shop business is to devise marketing strategies so that more and more customers visit your store. Create a promotional plan that includes both online and offline advertisement activities like good signage with high visibility, printed brochures, informative website , social media pages, and so on.

FAQS on Cell Phone Business

Is cell phone shop a profitable business.

It is without saying, the retail-based cell phone business is one of the most competitive industries across the world. However, the volume of smartphone sales is such high, that there is always a scope for new players to step in.

As per Statista, the number of smartphone sales is more than six billion at present. It is expected that the market will grow even more in the coming tears and decades. Most mobile phone subscriptions come from countries like China, India, and the United States.

If you are from highly populated countries like India and China, opening a mobile shop business has the potential to be hugely profitable. As a matter of fact, there is still a big number of people yet to get access to smartphones in most South Asian countries.

It is worthwhile to mention here that mobile brands like Samsung and Apple are the two biggest companies and together they account for 50% of the total smartphone sales worldwide.

What is the Cost of Starting a Cellphone Shop Business?

The investment will depend primarily on the location, initial stocks, and service offered. However, as a rough estimate, the cost of starting a cell phone shop business will be in the range of $20,000 to $1,00,000.

About the Author: 99businessideas.com led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their businesses.

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Electronics Shop Business Plan

The advancement in technology is wild, and so is the upgradation of electronic appliances. Therefore, starting an electronics shop is a profitable venture.

Anyone can start a new business, but you need a detailed business plan when it comes to raising funding, applying for loans, and scaling it like a pro!

Need help writing a business plan for your electronics shop? You’re at the right place. Our electronics shop business plan template will help you get started.

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How to Write An Electronics Shop Business Plan?

Writing an electronics shop business plan is a crucial step toward the success of your business. Here are the key steps to consider when writing a business plan:

1. Executive Summary

An executive summary is the first section planned to offer an overview of the entire business plan. However, it is written after the whole business plan is ready and summarizes each section of your plan.

Here are a few key components to include in your executive summary:

Introduce your Business:

Start your executive summary by briefly introducing your business to your readers.

Market Opportunity:

Product offering:.

• For instance, you may include televisions, audio speaker sets, laptops, tablets, mobile phones, etc as some of your products.

Marketing & Sales Strategies:

Financial highlights:, call to action:.

Ensure your executive summary is clear, concise, easy to understand, and jargon-free.

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2. Business Overview

The business overview section of your business plan offers detailed information about your company. The details you add will depend on how important they are to your business. Yet, business name, location, business history, and future goals are some of the foundational elements you must consider adding to this section:

Business Description:

Describe your business in this section by providing all the basic information:

Describe what kind of electronics shop you run and the name of it. You may specialize in one of the following electronics shop businesses:

• Retail electronics store
• Online electronics store
• Specialized electronics store
• Wholesale electronics supplier
• Electronic repair shop
• Describe the legal structure of your electronics shop, whether it is a sole proprietorship, LLC, partnership, or others.
• Explain where your business is located and why you selected the place.

Mission Statement:

Business history:.

• Additionally, If you have received any awards or recognition for excellent work, describe them.

Future Goals

This section should provide a thorough understanding of your business, its history, and its plans. Keep this section engaging, precise, and to the point.

3. Market Analysis

The market analysis section of your business plan should offer a thorough understanding of the industry with the target market, competitors, and growth opportunities. You should include the following components in this section.

Target market:

• For instance, general consumers, tech enthusiasts, small business owners, or gamers would be an ideal target audience for a commercial electronics shop.

Market size and growth potential:

• For instance, the electronics shop industry was $159.6 billion in 2022, so it is crucial to define the segment of your target market and its growth potential.

Competitive Analysis:

Market trends:.

• For instance, smart home devices have a booming market; explain how you plan on dealing with this potential growth opportunity.

Regulatory Environment:

Here are a few tips for writing the market analysis section of your electronic store business plan:

• Conduct market research, industry reports, and surveys to gather data.
• Provide specific and detailed information whenever possible.
• Illustrate your points with charts and graphs.
• Write your business plan keeping your target audience in mind.

4. Products And Services

The product and services section should describe the specific services and products that will be offered to customers. To write this section should include the following:

Electronics shop’s products:

Mention the electronics shop products your business will offer. This list may include,

• Smartphones
• Audio speakers
• Televisions
• Smart home devices
• All other electrical appliances & accessories

Quality measures:

• This may include product authenticity & legitimacy, product inspection & testing, product warranty & guarantee, etc.

Additional Services

In short, this section of your electronics shop plan must be informative, precise, and client-focused. By providing a clear and compelling description of your offerings, you can help potential investors and readers understand the value of your business.

5. Sales And Marketing Strategies

Writing the sales and marketing strategies section means a list of strategies you will use to attract and retain your clients. Here are some key elements to include in your sales & marketing plan:

Unique Selling Proposition (USP):

• For example, expert staff & technical support, a wide product range, or competitive pricing could be some of the great USPs for a professional electronics shop.

Pricing Strategy:

Marketing strategies:, sales strategies:, customer retention:.

Overall, this section of your electronics shop business plan should focus on customer acquisition and retention.

Have a specific, realistic, and data-driven approach while planning sales and marketing strategies for your electronics shop, and be prepared to adapt or make strategic changes in your strategies based on feedback and results.

6. Operations Plan

The operations plan section of your business plan should outline the processes and procedures involved in your business operations, such as staffing requirements and operational processes. Here are a few components to add to your operations plan:

Staffing & Training:

Operational process:, equipment & software:.

• Explain how these technologies help you maintain quality standards and improve the efficiency of your business operations.

Adding these components to your operations plan will help you lay out your business operations, which will eventually help you manage your business effectively.

7. Management Team

The management team section provides an overview of your electronics shop’s management team. This section should provide a detailed description of each manager’s experience and qualifications, as well as their responsibilities and roles.

Founders/CEO:

Key managers:.

• It should include, senior management, and other department managers (e.g. operations manager, technical service manager.) involved in the electronics shop business operations, including their education, professional background, and any relevant experience in the industry.

Organizational structure:

Compensation plan:, advisors/consultants:.

• So, if you have any advisors or consultants, include them with their names and brief information consisting of roles and years of experience.

This section should describe the key personnel for your electronics shop services, highlighting how you have the perfect team to succeed.

8. Financial Plan

Your financial plan section should provide a summary of your business’s financial projections for the first few years. Here are some key elements to include in your financial plan:

Profit & loss statement:

Cash flow statement:, balance sheet:, break-even point:.

• This exercise will help you understand how much revenue you need to generate to sustain or be profitable.

Financing Needs:

Be realistic with your financial projections, and make sure you offer relevant information and evidence to support your estimates.

9. Appendix

The appendix section of your plan should include any additional information supporting your business plan’s main content, such as market research, legal documentation, financial statements, and other relevant information.

• Add a table of contents for the appendix section to help readers easily find specific information or sections.
• In addition to your financial statements, provide additional financial documents like tax returns, a list of assets within the business, credit history, and more. These statements must be the latest and offer financial projections for at least the first three or five years of business operations.
• Provide data derived from market research, including stats about the industry, user demographics, and industry trends.
• Include any legal documents such as permits, licenses, and contracts.
• Include any additional documentation related to your business plan, such as product brochures, marketing materials, operational procedures, etc.

Use clear headings and labels for each section of the appendix so that readers can easily find the necessary information.

Remember, the appendix section of your electronics shop business plan should only include relevant and important information supporting your plan’s main content.

The Quickest Way to turn a Business Idea into a Business Plan

Fill-in-the-blanks and automatic financials make it easy.

This sample electronics shop business plan will provide an idea for writing a successful electronics shop plan, including all the essential components of your business.

After this, if you still need clarification about writing an investment-ready business plan to impress your audience, download our electronics shop business plan pdf .

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Frequently asked questions, why do you need a food distribution business plan.

A business plan is an essential tool for anyone looking to start or run a successful electronics shop. It helps to get clarity in your business, secures funding, and identifies potential challenges while starting and growing your business.

Overall, a well-written plan can help you make informed decisions, which can contribute to the long-term success of your electronics shop.

How to get funding for your electronics shop?

There are several ways to get funding for your electronics shop, but self-funding is one of the most efficient and speedy funding options. Other options for funding are:

• Bank loan – You may apply for a loan in government or private banks.
• Small Business Administration (SBA) loan – SBA loans and schemes are available at affordable interest rates, so check the eligibility criteria before applying for it.
• Crowdfunding – The process of supporting a project or business by getting a lot of people to invest in your business, usually online.
• Angel investors – Getting funds from angel investors is one of the most sought startup options.

Apart from all these options, there are small business grants available, check for the same in your location and you can apply for it.

Where to find business plan writers for your electronics shop?

There are many business plan writers available, but no one knows your business and ideas better than you, so we recommend you write your electronics shop business plan and outline your vision as you have in your mind.

What is the easiest way to write your electronics shop business plan?

A lot of research is necessary for writing a business plan, but you can write your plan most efficiently with the help of any electronics shop business plan example and edit it as per your need. You can also quickly finish your plan in just a few hours or less with the help of our business plan software .

Can a good electronics shop business plan help me secure funding?

Indeed. A well-crafted electronics shop business plan will help your investors better understand your business domain, market trends, strategies, business financials, and growth potential—helping them make better financial decisions.

So, if you have a profitable and investable business, a comprehensive business plan can certainly help you secure your business funding.

About the Author

Upmetrics Team

Upmetrics is the #1 business planning software that helps entrepreneurs and business owners create investment-ready business plans using AI. We regularly share business planning insights on our blog. Check out the Upmetrics blog for such interesting reads. Read more

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• Mobile Phone Shop Business Plan

Get close-to-reality mobile phone shop financial projections

PlanMagic Retail provides you with a full package to complete your business plan, and project your financials. The Advanced Edition (AE) offers 3 investor pitches, an executive dashboard, state-of-the-art analyses and scenarios as well as an interesting Web marketing guide and more. The retail business plan package includes:

• A well written retail store retail business plan template (MS Word)
• Fully automated close-to-reality retail financial projection application (MS Excel)
• A PowerPoint presentation template for your mobile phone shop business plan
• An award-winning PowerPoint investor pitch deck beautifully prepared (AE only)
• An online complete retail business (plan) guide that covers all related subjects
• Several small but handy business tools

Special features

• Easy to use - Use of simple and understandable terms, clearly outlined.
• Print wizard - Business financial printouts are preformatted in Letter, Legal or A4 paper size.
• Sales tax - Financials handle US sales tax, VAT, GST or similar calculations.
• Multiple currency - The financials can use any currency, and you can use the exchange rate multiplier (AE only) to quickly update all the values.
• Business plan templates - Specific retail store business plan templates.
• Sales estimation - Versatile sales estimation for most product & services.

PLAN TO STARTUP, EXPAND OR MONITOR ANY MOBILE PHONE SHOP LIKE A PRO

No, this is not a "How to write a mobile phone shop business plan" or "How to successfully start a mobile phone shop" blog. PlanMagic Retail is the real thing that none of those storytellers can actually offer you. We can, so do read on and learn about the program you need to actually do it. And do it right! And you can get it all here, right now and finally really get your mobile phone shop business started!

MOBILE PHONE SHOP BUSINESS PLAN TEMPLATE

The preferred format retail store business plan template for investors, SBA, banks and angel investors in MS Word format.

You don't have to create your own contents from scratch or delete most of it as may be the case with a sample business plan. The program includes a complete template and the retail store business plan template. You can always purchase additional retail business plan templates. The retail store business plan template is fully geared towards the mobile phone shop retail business. Easily add project plans, phasing diagrams, floor plans, specific plans and insert any data from the financial application.

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CLOSE-TO-REALITY RETAIL BUSINESS PLAN FINANCIALS

Trend setting retail financial application written in MS Excel that has no competition when it comes to close-to-reality fully automated projections. You will not find a better solution as specific, as detailed, and as automated. Enter some main assumptions and start entering your financial data into the clearly marked cells. Use it for a mobile phone shop business plan but also for ongoing monitoring of your mobile phone shop business .

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• Validation checks for data consistency.
• Development can start up to 5 years prior to operations.
• Fiscal year and forecasts can start in any month.
• Forecasts include monthly (3 years), quarterly (3 years), and annual (5 years).
• Up to 5 years (10 years in AE) can be forecast in one financial workbook.
• Views are collapsible for clear summaries.
• Costs can be split between fixed and variable cost for contribution, break-even and similar analyses.
• Projected balance sheets that are always balanced.
• More than 40 charts illustrate trends in expenses, sales, revenues, cash flow and more.
• Conferencing or external consultants - easily export selected worksheets to values-only workbooks.

With the Advanced Edition - AE - you can plan up to 10 years and enjoy more detailed financial analysis and reports that surpass even the most expensive accounting programs.

STARTUP BUSINESS GUIDE

A complete online startup business guide that covers subjects such as organizational structure, financing (owners' equity, foreign capital), marketing (market analysis, business goals, marketing strategies, advertising), operations (business identity, business location), business financials (projections, historic analysis, ratios) and more. The Advanced Edition also includes an online Web marketing guide.

RETAIL BUSINESS PLAN PRESENTATION

Easy to complete presentation template (> 50 slides) in PPT (MS PowerPoint) format. You can copy text from the document templates, link to tables in the document template, or link to worksheet data in the financial application. The template contains the same chapters and subchapters as the retail store business plan template.

INVESTOR PITCH DECKS (AE only)

The Advanced Edition includes professional investor pitch decks with 25+ slides in PPT(X) (MS PowerPoint) format. Everything you must include in the investor pitch for your mobile phone shop business plan has been beautifully prepared.

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The Advanced Edition also includes a lean investor pitch with slides in PPT(X) (MS PowerPoint) format. Great to make that first important impression count.

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COMPLETE RETAIL STORE BUSINESS PLAN SOLUTION

MS Office, MS Word, MS Excel and MS PowerPoint are registered trademarks of Microsoft Corporation, PlanMagic is a registered trademark of PlanMagic Corporation. All copyrights acknowledged.

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Sample Cell Phone Store Business Plan

Cell phone retail business plan sample.

Since the introduction of cell phones to the general populace, there has been a rapid increase in the use of these devices. The many technological advancements and innovations also aid this phenomenon.

Cell phones are now a part of the lives of many individuals.

Apart from making calls, sending messages, and basic browsing, there are lots of features that cell phones come with.

As a result, many people, especially the young, have become addicted to cell phones. This has provided a thriving business for those that own cell phone stores.

Metro PCS focuses on cellphone wireless service if you are considering a more extensive franchise network. If you want to set up a cell phone store business, you are on the right page.

This article contains a cell phone retailer business plan sample. This business plan sample will guide you in writing the perfect cell phone business plan for your new business.

Here is a sample business plan for starting a cell phone retail store.

Business Name:  De Perfect Cell Phone Store

Executive Summary

Our Products and Services

Vision Statement

Mission Statement

Business Structure

Market Analysis

• Sales and Marketing Strategy

Financial Plan

Competitive Advantage

De Perfect cell phone store is a top-quality cell phone store that will be located in Atlanta, Georgia.

Toby and Mark Jacob jointly own it. De Perfect cell phone store was established to make cell phones available to the residents of Atlanta, Georgia, and neighboring states at very affordable prices.

As much as the major products we will be making available to our potential customers are cell phones, we will not stop at just cell phones.

We will also make cell phone accessories such as phone cases , chargers, earpieces, and batteries available to our potential customers.

We intend to employ individuals with good communication skills at De Perfect cell phone store. This we believe will help us retain our customers effortlessly.

De Perfect cell phone store is a standard cell phone store.

This implies that we will only make genuine and top-quality products available to our potential customers, in as much as the main products we will offer to the public are cell phones.

That is not all that we will focus all our energy on.

We will also partly engage in phone repair and maintenance. This will ease our customer’s stress of looking for professionals to fix whatever phones they buy from our store if an issue arises.

Our products and services at De Perfect cell phone store are;

• Cell phone sales
• Cell phone maintenance
• Cell phone accessories sales.

We at De Perfect cell phone store want to be known for making top-quality mobile phones available to those in Atlanta, Georgia, and the United States.

Our mission is to keep up with the trends in the mobile phone world.

We believe this will help us make the latest cell phones available to our potential customers. We also intend to franchise our business after five years of operation.

We want to become the yardstick for measuring the success of every cell phone store.

To get this done, we are looking to build a structure that can function even without the management of the De Perfect cell phone retail store.

Therefore, to make this happen, we will employ only those we believe are the best at what they do. We are also looking to hire those experienced at working in cell phone retail stores. We know that this will be a lot of work.

However, we are ready to go through the temporary stress that will make things work out in our favor.

Over time, cell phones have metamorphosed from luxury items to necessities.

The cell phone industry has boomed even amid economic turmoil. This particular attribute of the cell phone industry is capable of keeping every business person involved in this industry going.

One reason for the boom in the cell phone industry, even in the face of a lousy economy, is the fear of being alienated from the internet and the rest of the world.

Sales and Marketing Strategies

It is usual for a business to take a while before being fully established. As much as getting loyal customers might not happen quickly, we intend to make this as short as possible.

As a result, we will ensure our customers are treated with the utmost respect. We will also print out handbills and place them in strategic positions. This we believe will attract lots of customers.

Target Market

Everyone makes use of phones; this, therefore, makes the market for cell phones a large one. We know it will be impossible to offer our services to everyone in the cell phone market.

As a result of this, we have chosen a group of people that we believe will need our services the most.

• Business executives
• Stay-at-home moms.

We want to start our cell phone retail store on a big scale.

As a result of this, we will need $200,000 to get started. This amount will be used to get a good facility and top quality goods. We already have 70% of this amount. We will get the remaining from the bank.

We understand how competitive the cell phone industry is. However, we have devised a brilliant idea to succeed at the highest level. We intend getting a mobile store in addition to our main store.

With this, we can always make our products available to our customers wherever they are.

This is a cell phone store business plan for De Perfect cell phone store. This cell phone store is jointly owned by Toby and Mark Jacob and will be in Atlanta, Georgia.

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How to write a business plan for a mobile phone repair shop?

Creating a business plan for a mobile phone repair shop is an essential process for any entrepreneur. It serves as a roadmap that outlines the necessary steps to be taken to start or grow the business, the resources required, and the anticipated financial outcomes. It should be crafted with method and confidence.

This guide is designed to provide you with the tools and knowledge necessary for creating a mobile phone repair shop business plan, covering why it is so important both when starting up and running an established business, what should be included in your plan, how it should be structured, what tools should be used to save time and avoid errors, and other helpful tips.

We have a lot to cover, so let's get to it!

In this guide:

Why write a business plan for a mobile phone repair shop?

• What information is needed to create a business plan for a mobile phone repair shop?
• What goes in the financial forecast for a mobile phone repair shop?
• What goes in the written part of a mobile phone repair shop business plan?
• What tool can I use to write my mobile phone repair shop business plan?

Being clear on the scope and goals of the document will make it easier to understand its structure and content. So before diving into the actual content of the plan, let's have a quick look at the main reasons why you would want to write a mobile phone repair shop business plan in the first place.

To have a clear roadmap to grow the business

Small businesses rarely experience a constant and predictable environment. Economic cycles go up and down, while the business landscape is mutating constantly with new regulations, technologies, competitors, and consumer behaviours emerging when we least expect it.

In this dynamic context, it's essential to have a clear roadmap for your mobile phone repair shop. Otherwise, you are navigating in the dark which is dangerous given that - as a business owner - your capital is at risk.

That's why crafting a well-thought-out business plan is crucial to ensure the long-term success and sustainability of your venture.

To create an effective business plan, you'll need to take a step-by-step approach. First, you'll have to assess your current position (if you're already in business), and then identify where you'd like your mobile phone repair shop to be in the next three to five years.

Once you have a clear destination for your mobile phone repair shop, you'll focus on three key areas:

• Resources: you'll determine the human, equipment, and capital resources needed to reach your goals successfully.
• Speed: you'll establish the optimal pace at which your business needs to grow if it is to meet its objectives within the desired timeframe.
• Risks: you'll identify and address potential risks you might encounter along the way.

By going through this process regularly, you'll be able to make informed decisions about resource allocation, paving the way for the long-term success of your business.

To anticipate future cash flows

Regularly comparing your actual financial performance to the projections in the financial forecast of your mobile phone repair shop's business plan gives you the ability to monitor your business's financial health and make necessary adjustments as needed.

This practice allows you to detect potential financial issues, such as unexpected cash shortfalls before they escalate into major problems. Giving you time to find additional financing or put in place corrective measures.

Additionally, it helps you identify growth opportunities, like excess cash flow that could be allocated to launch new products and services or expand into new markets.

Staying on track with these regular comparisons enables you to make well-informed decisions about the amount of financing your business might require, or the excess cash flow you can expect to generate from your main business activities.

To secure financing

Crafting a comprehensive business plan for your mobile phone repair shop, whether you're starting up or already established, is paramount when you're seeking financing from banks or investors.

Given how fragile small businesses are, financiers will want to ensure that you have a clear roadmap in place as well as command and control of your future cash flows before entertaining the idea of funding you.

For banks, the information in your business plan will be used to assess your borrowing capacity - which is defined as the maximum amount of debt your business can afford alongside your ability to repay the loan. This evaluation helps them decide whether to extend credit to your business and under what terms (interest rate, duration, repayment options, collateral, etc.).

Similarly, investors will thoroughly review your plan to determine if their investment can yield an attractive return. They'll be looking for evidence that your mobile phone repair shop has the potential for healthy growth, profitability, and consistent cash flow generation over time.

Now that you understand the importance of creating a business plan for your mobile phone repair shop, let's delve into the necessary information needed to craft an effective plan.

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Information needed to create a business plan for a mobile phone repair shop

You need the right data in order to project sales, investments and costs accurately in the financial forecast of your mobile phone repair shop business plan.

Below, we'll cover three key pieces of information you should gather before drafting your business plan.

Carrying out market research for a mobile phone repair shop

Before you begin writing your business plan for a mobile phone repair shop, conducting market research is a critical step in ensuring precise and realistic financial projections.

Market research grants you valuable insights into your target customer base, competitors, pricing strategies, and other crucial factors that can impact the success of your business.

In the course of this research, you may stumble upon trends that could impact your mobile phone repair shop.

1. You may find that customers are increasingly interested in repair services that are more cost-effective than buying a new phone. 2. You might discover that customers are looking for more convenient repair options, such as drop-off and pick-up services.

Such market trends play a pivotal role in revenue forecasting, as they provide essential data regarding potential customers' spending habits and preferences.

By integrating these findings into your financial projections, you can provide investors with more accurate information, enabling them to make well-informed decisions about investing in your mobile phone repair shop.

Developing the sales and marketing plan for a mobile phone repair shop

As you embark on creating your mobile phone repair shop business plan, it is crucial to budget sales and marketing expenses beforehand.

A well-defined sales and marketing plan should include precise projections of the actions required to acquire and retain customers. It will also outline the necessary workforce to execute these initiatives and the budget required for promotions, advertising, and other marketing efforts.

This approach ensures that the appropriate amount of resources is allocated to these activities, aligning with the sales and growth objectives outlined in your business plan.

The staffing and capital expenditure requirements of a mobile phone repair shop

Whether you are starting or expanding a mobile phone repair shop, it is important to have a clear plan for recruitment and capital expenditures (investment in equipment and real estate) in order to ensure the success of the business.

Both the recruitment and investment plans need to be coherent with the timing and level of growth planned in your forecast, and require appropriate funding.

Staffing costs for a mobile phone repair shop may include wages for technicians, receptionists, and administrative personnel. Equipment costs may include tools and diagnostic equipment needed to repair phones, computers to manage customer accounts, and furniture for customer waiting areas.

In order to create a realistic financial forecast, you will also need to consider the other operating expenses associated with running the business on a day-to-day basis (insurance, bookkeeping, etc.). 

Once you have all the necessary information to create a business plan for your mobile phone repair shop, it is time to start creating your financial forecast.

What goes into your mobile phone repair shop's financial forecast?

The financial forecast of your mobile phone repair shop's business plan will enable you to assess the growth, profitability, funding requirements, and cash generation potential of your business in the coming years.

The four key outputs of a financial forecast for a mobile phone repair shop are:

• The profit and loss (P&L) statement ,
• The projected balance sheet ,
• The cash flow forecast ,
• And the sources and uses table .

Let's look at each of these in a bit more detail.

The projected P&L statement

The projected P&L statement for a mobile phone repair shop shows how much revenue and profits your business is expected to generate in the future.

Ideally, your mobile phone repair shop's P&L statement should show:

• Healthy growth - above inflation level
• Improving or stable profit margins
• Positive net profit

Expectations will vary based on the stage of your business. A startup will be expected to grow faster than an established mobile phone repair shop. And similarly, an established company should showcase a higher level of profitability than a new venture.

The projected balance sheet of your mobile phone repair shop

The balance sheet for a mobile phone repair shop is a financial document that provides a snapshot of your business’s financial health at a given point in time.

It shows three main components: assets, liabilities and equity:

• Assets: are resources owned by the business, such as cash, equipment, and accounts receivable (money owed by clients).
• Liabilities: are debts owed to creditors and other entities, such as accounts payable (money owed to suppliers) and loans.
• Equity: includes the sums invested by the shareholders or business owners and the cumulative profits and losses of the business to date (called retained earnings). It is a proxy for the value of the owner's stake in the business.

Examining the balance sheet is important for lenders, investors, or other stakeholders who are interested in assessing your mobile phone repair shop's liquidity and solvency:

• Liquidity: assesses whether or not your business has sufficient cash and short-term assets to honour its liabilities due over the next 12 months. It is a short-term focus.
• Solvency: assesses whether or not your business has the capacity to repay its debt over the medium-term.

Looking at the balance sheet can also provide insights into your mobile phone repair shop's investment and financing policies.

In particular, stakeholders can compare the value of equity to the value of the outstanding financial debt to assess how the business is funded and what level of financial risk has been taken by the owners (financial debt is riskier because it has to be repaid, while equity doesn't need to be repaid).

The projected cash flow statement

A cash flow forecast for a mobile phone repair shop shows how much cash the business is projected to generate or consume.

The cash flow statement is divided into 3 main areas:

• The operating cash flow shows how much cash is generated or consumed by the operations (running the business)
• The investing cash flow shows how much cash is being invested in capital expenditure (equipment, real estate, etc.)
• The financing cash flow shows how much cash is raised or distributed to investors and lenders

Looking at the cash flow forecast helps you to ensure that your business has enough cash to keep running, and can help you anticipate potential cash shortfalls.

It is also a best practice to include a monthly cash flow statement in the appendices of your mobile phone repair shop business plan so that the readers can view the impact of seasonality on your business cash position and generation.

The initial financing plan

The initial financing plan, also known as a sources and uses table, is a valuable resource to have in your business plan when starting your mobile phone repair shop as it reveals the origins of the money needed to establish the business (sources) and how it will be allocated (uses).

Having this table helps show what costs are involved in setting up your mobile phone repair shop, how risks are shared between founders, investors and lenders, and what the starting cash position will be. This cash position needs to be sufficient to sustain operations until the business reaches a break-even point.

Now that you have a clear understanding of what goes into the financial forecast of your mobile phone repair shop business plan, let's shift our focus to the written part of the plan.

Need inspiration for your business plan?

The Business Plan Shop has dozens of business plan templates that you can use to get a clear idea of what a complete business plan looks like.

The written part of a mobile phone repair shop business plan

The written part of a mobile phone repair shop business plan is composed of 7 main sections:

• The executive summary
• The presentation of the company
• The products and services
• The market analysis
• The strategy
• The operations
• The financial plan

Throughout these sections, you will seek to provide the reader with the details and context needed for them to form a view on whether or not your business plan is achievable and your forecast a realistic possibility.

Let's go through the content of each section in more detail!

1. The executive summary

In your mobile phone repair shop's business plan, the first section is the executive summary — a captivating overview of your plan that aims to pique the reader's interest and leave them eager to learn more about your business.

When crafting the executive summary, start with an introduction to your business, including its name, concept, location, how long it has been running, and what sets it apart. Briefly mention the products and services you plan to offer and your target customer profile.

Following that, provide an overview of the addressable market for your mobile phone repair shop, current trends, and potential growth opportunities.

Next, include a summary of key financial figures like projected revenues, profits, and cash flows.

Finally, in the "ask" section, detail any funding requirements you may have.

2. The presentation of the company

As you build your mobile phone repair shop business plan, the second section deserves attention as it delves into the structure and ownership, location, and management team of your company.

In the structure and ownership part, you'll provide valuable insights into the legal structure of the business, the identities of the owners, and their respective investments and ownership stakes. This level of transparency is vital, particularly if you're seeking financing, as it clarifies which legal entity will receive the funds and who holds the reins of the business.

Moving to the location part, you'll offer a comprehensive view of the company's premises and articulate why this specific location is strategic for the business, emphasizing factors like catchment area, accessibility, and nearby amenities.

When describing the location of your mobile phone repair shop, you might emphasize the potential for high customer traffic. The area could be located near a shopping mall or other commercial hub, which could draw people in from the surrounding neighborhoods. Additionally, you could point to the potential for increased business due to the area's population size and growth rate. You could also mention the convenience of the area's public transportation and access to major highways, which could increase the number of customers who can easily reach your shop.

Lastly, you should introduce your esteemed management team. Provide a thorough explanation of each member's role, background, and extensive experience.

It's equally important to highlight any past successes the management team has achieved and underscore the duration they've been working together. This information will instil trust in potential lenders or investors, showcasing the strength and expertise of your leadership team and their ability to deliver the business plan.

3. The products and services section

The products and services section of your business plan should include a detailed description of what your company offers, who are the target customers, and what distribution channels are part of your go-to-market. 

For example, your mobile phone repair shop could offer customers diagnostic services to determine the source of the problem, repair services to fix the issue, and protection services to add a layer of insurance for future occurrences. Diagnostic services would help customers understand the root cause of the problem, repair services would help to fix the issue, and protection services would help to add an extra layer of security to prevent future problems.

4. The market analysis

When you present your market analysis in your mobile phone repair shop business plan, it's crucial to include detailed information about customers' demographics and segmentation, target market, competition, barriers to entry, and any relevant regulations.

The main objective of this section is to help the reader understand the size and attractiveness of the market while demonstrating your solid understanding of the industry.

Begin with the demographics and segmentation subsection, providing an overview of the addressable market for your mobile phone repair shop, the key trends in the marketplace, and introducing different customer segments along with their preferences in terms of purchasing habits and budgets.

Next, focus on your target market, zooming in on the specific customer segments your mobile phone repair shop aims to serve and explaining how your products and services fulfil their distinct needs.

For example, your target market might include people who rely heavily on their phones for work such as entrepreneurs, gig workers, and other professionals. These customers may be more likely to seek out reliable and timely repair services when their phones break or malfunction. Additionally, they may be willing to pay a premium for quality service and peace of mind that their phones are in good hands.

Then proceed to the competition subsection, where you introduce your main competitors and highlight what sets you apart from them.

Finally, conclude your market analysis with an overview of the key regulations applicable to your mobile phone repair shop.

5. The strategy section

When crafting the strategy section of your business plan for your mobile phone repair shop, it's important to cover several key aspects, including your competitive edge, pricing strategy, sales & marketing plan, milestones, and risks and mitigants.

In the competitive edge subsection, clearly explain what sets your company apart from competitors. This is particularly critical if you're a startup, as you'll be trying to establish your presence in the marketplace among entrenched players.

The pricing strategy subsection should demonstrate how you aim to maintain profitability while offering competitive prices to your customers.

For the sales & marketing plan, outline how you plan to reach and acquire new customers, as well as retain existing ones through loyalty programs or special offers.

In the milestones subsection, detail what your company has achieved thus far and outline your primary objectives for the coming years by including specific dates for expected progress. This ensures everyone involved has clear expectations.

Lastly, in the risks and mitigants subsection, list the main risks that could potentially impact the execution of your plan. Explain the measures you've taken to minimize these risks. This is vital for investors or lenders to feel confident in supporting your venture - try to proactively address any objection they might have.

Your mobile phone repair shop may face a variety of risks. For example, theft could be a potential risk; you may need to take extra steps to secure your shop and the devices that you are repairing. Additionally, there could be potential liability issues if you do not properly protect customer data or if a customer is dissatisfied with the repair services you provide. You may need to review your procedures and take extra precautions to minimize the risk of a lawsuit.

6. The operations section

The operations of your mobile phone repair shop must be presented in detail in your business plan.

The first thing you should cover in this section is your staffing team, the main roles, and the overall recruitment plan to support the growth expected in your business plan. You should also outline the qualifications and experience necessary to fulfil each role, and how you intend to recruit (using job boards, referrals, or headhunters).

You should then state the operating hours of your mobile phone repair shop - so that the reader can check the adequacy of your staffing levels - and any plans for varying opening times during peak season. Additionally, the plan should include details on how you will handle customer queries outside of normal operating hours.

The next part of this section should focus on the key assets and IP required to operate your business. If you depend on any licenses or trademarks, physical structures (equipment or property) or lease agreements, these should all go in there.

Your mobile phone repair shop may have key assets such as specialized equipment and tools, as well as intellectual property such as repair manuals and exclusive repair techniques. The specialized equipment could include soldering irons, wire cutters, and magnifying glasses that are used to diagnose and repair mobile phones. Additionally, the repair shop might also have exclusive repair manuals and techniques developed to repair certain mobile phones, which could give you a competitive advantage in the repair market.

Finally, you should include a list of suppliers that you plan to work with and a breakdown of their services and main commercial terms (price, payment terms, contract duration, etc.). Investors are always keen to know if there is a particular reason why you have chosen to work with a specific supplier (higher-quality products or past relationships for example).

7. The presentation of the financial plan

The financial plan section is where we will include the financial forecast we discussed earlier in this guide.

Now that you have a clear idea of what goes into a mobile phone repair shop business plan, let's look at some of the tools you can use to create yours efficiently.

What tool should I use to write my mobile phone repair shop's business plan?

There are two main ways of creating your mobile phone repair shop business plan:

• Using specialized business planning software,
• Hiring a business plan writer.

Using an online business plan software for your mobile phone repair shop's business plan

The modern and most efficient way to write a mobile phone repair shop business plan is to use business plan software .

There are several advantages to using specialized software:

• You can easily create your financial forecast by letting the software take care of the financial calculations for you without errors
• You are guided through the writing process by detailed instructions and examples for each part of the plan
• You can access a library of dozens of complete business plan samples and templates for inspiration
• You get a professional business plan, formatted and ready to be sent to your bank or investors
• You can easily track your actual financial performance against your financial forecast
• You can create scenarios to stress test your forecast's main assumptions
• You can easily update your forecast as time goes by to maintain visibility on future cash flows
• You have a friendly support team on standby to assist you when you are stuck

If you're interested in using this type of solution, you can try The Business Plan Shop for free by signing up here .

Need a solid financial forecast?

The Business Plan Shop does the maths for you. Simply enter your revenues, costs and investments. Click save and our online tool builds a three-way forecast for you instantly.

Hiring a business plan writer to write your mobile phone repair shop's business plan

Outsourcing your mobile phone repair shop business plan to a business plan writer can also be a viable option.

These writers possess valuable experience in crafting business plans and creating accurate financial forecasts. Additionally, enlisting their services can save you precious time, enabling you to concentrate on the day-to-day operations of your business.

It's important to be mindful, though, that hiring business plan writers comes with a cost. You'll be paying not just for their time but also for the software they use, and their profit margin.

Based on experience, a complete business plan usually requires a budget of at least £1.5k ($2.0k) excluding tax, and more if revisions are needed after initial meetings with lenders or investors - changes often arise following these discussions.

When seeking investment, be cautious about spending too much on consulting fees. Investors prefer their funds to contribute directly to business growth. Thus, the amount you spend on business plan writing services and other consulting services should be negligible compared to the amount you raise.

Another aspect to consider is that while you'll receive the output of the business plan, you usually won't own the actual document. It will be saved in the consultant's business plan software, which will make updating the plan challenging without retaining the consultant on a retainer.

Given these factors, it's essential to carefully weigh the pros and cons of outsourcing your mobile phone repair shop business plan to a business plan writer and decide what best suits your business's unique needs.

Why not create your mobile phone repair shop's business plan using Word or Excel?

Using Microsoft Excel and Word (or their Google, Apple, or open-source equivalents) to write a mobile phone repair shop business plan is a terrible idea.

For starters, creating an accurate and error-free financial forecast on Excel (or any spreadsheet) is very technical and requires both a strong grasp of accounting principles and solid skills in financial modelling.

As a result, it is unlikely anyone will trust your numbers unless - like us at The Business Plan Shop - you hold a degree in finance and accounting and have significant financial modelling experience in your past.

The second reason is that it is inefficient. Building forecasts on spreadsheets was the only option in the 1990s and early 2000s, nowadays technology has advanced and software can do it much faster and much more accurately.

And with the rise of AI, software is also becoming smarter at helping us detect mistakes in our forecasts and helping us analyse the numbers to make better decisions.

Also, using software makes it easy to compare actuals vs. forecasts and maintain our forecasts up to date to maintain visibility on future cash flows - as we discussed earlier in this guide - whereas this is a pain to do with a spreadsheet.

That's for the forecast, but what about the written part of my mobile phone repair shop business plan?

This part is less error-prone, but here also software brings tremendous gains in productivity:

• Word processors don't include instructions and examples for each part of your business plan
• Word processors don't update your numbers automatically when they change in your forecast
• Word processors don't handle the formatting for you

Overall, while Word or Excel may be viable options for creating a mobile phone repair shop business plan for some entrepreneurs, it is by far not the best or most efficient solution.

• Using business plan software is a modern and cost-effective way of writing and maintaining business plans.
• A business plan is not a one-shot exercise as maintaining it current is the only way to keep visibility on your future cash flows.
• A business plan has 2 main parts: a financial forecast outlining the funding requirements of your mobile phone repair shop and the expected growth, profits and cash flows for the next 3 to 5 years; and a written part which gives the reader the information needed to decide if they believe the forecast is achievable.

We hope that this in-depth guide met your expectations and that you now have a clear understanding of how to write your mobile phone repair shop business plan. Do not hesitate to contact our friendly team if you have questions additional questions we haven't addressed here.

Also on The Business Plan Shop

• How to write a business plan to secure a bank loan?
• Key steps to write a business plan?
• Top mistakes to avoid in your business plan

Do you know entrepreneurs interested in starting or growing a mobile phone repair shop? Share this article with them!

Founder & CEO at The Business Plan Shop Ltd

Guillaume Le Brouster is a seasoned entrepreneur and financier.

Guillaume has been an entrepreneur for more than a decade and has first-hand experience of starting, running, and growing a successful business.

Prior to being a business owner, Guillaume worked in investment banking and private equity, where he spent most of his time creating complex financial forecasts, writing business plans, and analysing financial statements to make financing and investment decisions.

Guillaume holds a Master's Degree in Finance from ESCP Business School and a Bachelor of Science in Business & Management from Paris Dauphine University.

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Mobile Phone Shop Business Plan

Create a winning business plan for your start-up mobile phone shop business in no time at all with this exclusive online planning system. This £3bn industry employs over 15,000 people in the UK with companies reporting an annual growth of 18%.

The plan is developed specifically for franchised mobile phone shops, cell phone stores or simply concessions in service stations, department stores or other third-party outlets. The plan is easy to adapt for your venture because the primary document is Microsoft Word-based, with the finances in Excel.

The Executive Summary of This Business Plan

This summary is taken directly from the Mobile Phone Shop business plan that you can download online below.

Company Summary

SimBiz Trading has been incorporated to develop and run a new mobile phone shop on a busy high street. Currently, there is no independent store offering this service. Being first to market will provide a high return for our venture.

Competitive Market Place

The local environment is vibrant, and although we represent all the main networks, SimBiz has seen an opportunity for a gap in the market as no independent operator exists. We aim to offer personal and business products on contract and Pay As You Go (PAYG) tariffs for smartphones and tablet computers.

The closest competitor is 6.2 miles from our proposed store location but doesn’t sell the full network range. We’ll operate seven days a week during usual shopping hours to take advantage of weekend shoppers.

Core Product Services

Our shop compares all the major networks. To gain market share, we’ll offer unbeatable subsidised deals to entice people to sign up. Our core offerings to new and existing customers are:

• Contract tariffs from all networks.
• PAYG tariffs from all networks.
• Phone accessories such as covers, chargers, and headsets.

Projected Sales and Profit Margins

The bulk of our revenues come from commissions from the network operators. Our major costs are the subsidisation charges that we need to provide to offer our unbeatable deals.

Revenues forecasted for the first year of operation are £157,000.

Net profit in the first year is £26,152 (including start-up costs) before tax increasing to £136,522 in the third year. The profit figure stated is before director’s drawings and dividends. Before the end of the first year, the company will repay the director’s loan account.

Start-up Costs and Ownership

SimBiz Limited is a new company set up and run by Mr Simon Wilson, who has successfully run and managed previous franchise businesses in this sector.

The premises have been secured on a medium term let for 15 years with a rent review every five years. Mr Wilson will invest £35,000 to cover the initial start-up costs and cash flow requirements.

Contents of this plan

1) Executive Summary 2) Business Mission 3) Ownership and Location 4) External Analysis 5) SWOT Analysis 6) Planned Objectives 7) Key Action Plans 8) Management Biographies 9) Profit & Loss Account 10) Cash flow Forecast 11) Balance Sheet

Free Bonuses Included 1) 25 Free Marketing techniques 2) Financial Planning wizard 3) Step-by-step Planning guide 4) Free Online Support 5) Comprehensive start-up guide

Phone Shop Plan Benefits

• Specific for all types of phone shops.
• All finances and narrative included.
• Latest customer research data.
• Full marketing and sales plans.
• Finance budgeting wizards.
• 90-day Money-back guarantee.
• Approved by all banks.

Access Online

Order and download the complete plan online immediately.

Special offer: £49.95 Only £29.95

Customer Testimonials

“I needed to put together a long-term business plan to cover all aspects of my new venture. I read a lot of books and attended courses, but I was struggling. Then I came across Teneric and suddenly it was all there in a format I could use and in terminology I could understand. After that, it was plain sailing to the Business Department at my local HSBC Bank”

Jill Shilcock, Managing Director, SEAS Education Advisory Service Limited.

“I wanted ideas for the type of information that needed covering in a business plan, and this gave me a template for the document I submitted to the bank. The business loan we were after was approved. If you have never written a business plan before, then I would recommend your product. It was very straightforward and offered some good advice.”

Gordon Mitchell, UK

“I needed a business plan quickly. The template was easy to use, just fill in the blanks on the wizard and refer to the help guide if I wasn't sure. Your system is good value, and I would recommend them to everyone needing a plan. Attached is the basic plan I threw together in a day for the bank. They specifically wanted cash flow projections, and the Excel spreadsheets were really what I was after from your product.”

John Waterhouse, UK

Golden line: See what cell providers offer senior discounts

As inflation ticks up , there are one group of people who may have a coupon printed right on their drivers license: seniors.

Some, such as Farm Forum financial columnist Rick Kahler, argue that more people should take advantage of the discounts offered to those of a certain age.

"No one forces businesses to offer senior discounts," Kahler, the president and owner of Kahler Financial of Rapid City, wrote. "Companies do so because it’s ultimately good for them if you do business with them instead of their competitors."

As cell phones become increasingly integral for communication, the more experienced at life can take advantage of plans marketed towards those over 55.

Here are the senior discounts and plans offered by mobile carriers.

AT&T offers the Unlimited 55+ for people 55 or older and who have a billing address in Florida. The plan costs $60 per month for one line or $80 per month for two lines. Each line receives unlimited data, phone calls and text messages.

The plan must be purchased at an AT&T location in Florida.

Seniors in other states can take advantage of an up to $10 per month discount through AARP on the cell phone provider's Unlimited Premium plan.

T-Mobile offers three 55+ lines for seniors:

• Essentials Choice 55: $45 per month for one line
• Go5G Plus 55: $70 per month for one line
• Go5G Next 55: $80 per month for one line

Verizon Wireless

Verizon Wireless does not offer a senior discount or plan.

Mint Mobile

Mint Mobile offers a cell phone plan for seniors 55 and older called Mint 55+. The plan costs $15.99 per month and includes assistance with cancelling a contract with a previous carrier.

Consumer Cellular

AARP members can save 5% on monthly service and 30% on some accessories at Consumer Cellular.

Huawei just gave Tim Cook a new headache in China

• Bad news for Apple: iPhones have yet another new competitor in China.
• Huawei just released a new line of smartphones called the Pura 70.
• The devices give Chinese consumers another reason to abandon their iPhones.

Tim Cook would like you to think everything is going swimmingly for Apple in China.

A highlight reel of the Apple CEO's recent trip to the country , posted to his Weibo account, showed him being papped by fans at the opening of a new store in Shanghai's Jing'an district, taking selfies on an iPhone with celebrity models, and casually strolling the historic Bund.

"Every time I am in China, I can feel the unique charm here again. Thank you very much for the warm reception!" Cook wrote in the social media post .

Here's the thing. The Apple chief actually had a major dilemma facing him in China at the time he posted the video last month: iPhone sales were down by an alarming 24% in the first six weeks of the year, per data from Counterpoint Research.

And despite the charm offensive from Cook, there's a risk that downward spiral is about to get a whole lot worse.

Related stories

On Thursday, Huawei released a new series of smartphones called the Pura 70. They come fitted with an advanced new camera system that looks similar to the trio of lenses on the back of the iPhone Pro models , and starts at $760.

Critically, the new phones give Huawei a fresh opportunity to take a bigger bite out of Apple's share of the China smartphone market. It's already won over some consumers since launching the Mate 60 Pro series last year.

The Mate 60 raised some fears in the US last year after the discovery that they were being powered by advanced chips that Washington had sought to prevent China obtaining by imposing tight export controls.

Those chips, made domestically , helped Huawei make huge gains in China by enabling features that rival those seen in iPhones. They're now believed to be in the new Pura 70 devices too, per Reuters , which spoke to a customer who tested their network speed.

Counterpoint estimated a 64% surge in smartphone sales for Huawei in the first six weeks of the year. The Pura 70 could continue that momentum. Ivan Lam, senior analyst at Counterpoint, told Reuters he thinks Huawei could almost double phone shipments this year to 60 million units.

This is not the sort of thing Apple wants to hear, of course.

China has been its most important international market for several years, but that's under threat from the rise of domestic rivals that can entice Chinese consumers with devices that look and feel nearly identical to iPhones.

Apple has already shown weakness in the face of domestic competition in China . Net sales in the Greater China region were $20.8 billion in the final three months of last year, down from $23.9 billion in the same period of 2022.

Wedbush analysts wrote last week that Apple is "navigating one of the more difficult China demand environments we have seen the last five years." They expect another decline in iPhone sales in the region in Apple's quarterly earnings on May 2.

Cook might be putting on a brave face, but iPhone sales in China may keep sliding if Huawei has its way.

Watch: Apple's antitrust lawsuit is just one of its major battles

• Main content

Politics latest: Angela Rayner labels Rishi Sunak a 'pint-sized loser'; PM insists defence spending pledge 'fully-funded'

While Rishi Sunak spent the day heralding his defence spending commitment on a trip to Germany, Oliver Dowden and Angela Rayner stood in the prime minister and the Labour leader at PMQs. Watch Politics Hub With Sophy Ridge live below.

Wednesday 24 April 2024 19:40, UK

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• Watch Politics Hub With Sophy Ridge live above
• Sunak insists rise in defence spending is 'fully-funded'
• Beth Rigby:  PM seeking to position himself as a strong leader prepared to defend the country
• Sophy Ridge:  There are cracks underneath the apparent unity on defence spending
• Rayner presses Dowden on no-fault evictions - and raises Sky News report - after joke about 'obsession' with her living arrangements
• Labour deputy leader labels Sunak a 'pint-sized loser'
• Local elections:  Sam Coates on why they matter | Who can I vote for? | What Sunak and Starmer will be hoping for
• Live reporting by Tim Baker

With the local elections just over a week away, deputy political editor Sam Coates explains why they matter and what they might tell us about the upcoming general election.

Sophy returns to her panel, Conservative MP Sir Liam Fox and British Future's Sunder Katwala.

She asks about reforming the housing secretary.

Mr Katwala says housing will continue to be on the agenda for likely the next decade - and it's new to see rentals at the centre of the debate.

But he says reforms will always be contested by both sides.

There are also conversations to be had supply, Mr Katwala adds.

Sir Liam says it's important to make sure renters are protected from being kicked out for no reason, while also ensuring landlords have the confidence they will get a return on their investments.

He adds that it is now down to the Lords to take the bill forward.

Mr Katwala and Sir Liam both acknowledge that there is a generational aspect to the issue, with younger people tending to vote Labour and also being renters, with older people more likely to be landlords and Tory supporters.

By Jennifer Scott , political reporter

MPs have voted in favour of the government's Renters (Reform) Bill - despite it including an indefinite delay to the end of no-fault evictions.

A debate on the legislation ran throughout this afternoon, including around a new clause from the government which would hold off outlawing Section 21s until a review of the courts system had taken place.

But despite outrage from charities, campaigners and opposition parties around the measure, it got the backing of the majority of MPs - and the bill passed its final stage in the Commons shortly after 6.30pm.

A Section 21 notice is the legal mechanism allowing landlords to evict tenants without providing a reason, which creates uncertainty for those who rent their homes.

The government first promised to ban the notices five years ago, back when Theresa May was still in Number 10.

But it has faced numerous delays amid threats of rebellion from Tory backbenchers - some of them landlords - who said they feared ending Section 21s would see the courts overwhelmed with more complex eviction cases.

Read more below....

Sir Jeremy Quin, the chair of the Commons Defence Select Committee is speaking to Sophy.

He is also a former member of the government, and so Sophy asks him whether the pledged 70,000 Civil Service job cuts to fund the increase is possible.

Sir Jeremy says: "Happily, I'm in a situation where others in government will have to work out how to find the money to deliver it."

He adds that the government would not be promising the cuts if they could not deliver it over the six years promised.

Putting on his hat as chair of the Defence Committee, Sir Jeremy says he is "delighted" funds are being committed to the military. 

The ex-minister says the increase in funds is a green light to businesses to invest in the UK military sector.

But he does not take responsibility for the decreasing capacity of the UK's armed forces over the past decade or so - saying that a "very vibrant job market" has led to recruitment struggles.

Sir Jeremy adds that defence spending fell after the end of the Cold War when the world was safer - but it now has to go up again in the wake of the Ukraine invasion, Houthi aggression and tension in the Indo-Pacific.

The former government minister declines to say if he is worried about a potential Donald Trump presidency - saying that "whoever is in the White House" will recognise the importance of the relationship between the US and Europe.

Former defence secretary Sir Liam Fox and British Future's Sunder Katwala are on the show tonight.

Sophy asks them for their take on the new defence spending announced.

Sir Liam says it is the right decision to make, and that defence is "not discretionary spending".

He adds the UK "can't choose" who its enemies are, but highlights Russia, China and Iran as potential threats.

Sir Liam denies his party has been asleep at the wheel.

He calls for funds to be spent on the navy and cyberspace.

Mr Katwala says decisions on spending will not be taken until after the next election - but the aspiration to spend 2.5% is shared cross-party.

He contrasts this with the US, where there is a "knife-edge" election between Joe Biden and Donald Trump, the former a traditional support of the transatlantic relationship, the latter being much more unpredictable.

Sir Liam chips in to say it used to be - when he was negotiating with other nations on defence - that he and his US counterpart would have a "bad cop and worse cop" act to convince nations to spend more.

But this is no longer the case in the wake of the invasion of Ukraine by Russia.

Our weeknight politics show  Politics Hub With Sophy Ridge  is live now on Sky News.

The fast-paced programme dissects the inner workings of Westminster, with interviews, insights, and analysis - bringing the audience into the corridors of power.

Sophy is joined by  Sir Jeremy Quin, chair of the Commons Defence Select Committee.

On Sophy's panel tonight are:

• Sir Liam Fox, Tory MP and former defence secretary
• Sunder Katwala, director of British Future

Watch live in the stream at the top of this page, and follow all the latest updates and key moments right here in the Politics Hub.

Watch  Politics Hub With Sophy Ridge  from Monday to Thursday on Sky channel 501, Virgin channel 602, Freeview channel 233, on the  Sky News website  and  app  or on  YouTube .

 After a series of amendments were passed by MPs during the committee phase, the government's Renters (Reform) Bill has passed its third reading.

This means its initial time in the Commons has finished, and it will now be considered by the Lords.

There was no vote, as Labour said it supported the measures despite saying changes today had watered it down.

This moment has been a long time coming, with the bill first introduced in May 2023.

And one of its central planks - banning Section 21 "no-fault" evictions - was in the Conservative Party's 2019 election manifesto.

The government still appears keen to get it onto the statute books before the general election.

Rishi Sunak spent the day on the stage where some believe he's most comfortable - the international one.

Travelling to Poland, and then to Germany, the prime minister announced he wants to increase defence spending to 2.5% of GDP by 2030 - £75bn in extra funding for the armed forces.

In many ways this is a move with an eye on the US. 

European leaders know that if they want to convince America to keep up its support for Ukraine, they need to show it's not just US taxpayers who are paying their share.

As Mr Sunak put it: "We cannot keep expecting America to pay any price if we ourselves are unwilling to make greater sacrifices for our own security."

But underneath the apparent unity on the need for more defence investment in a more fragile and dangerous world, there are cracks. 

Europe is still very divided when it comes to defence spending - a patchwork of different policies and priorities. 

And who knows what will happen in America before the presidential election that could put Donald Trump back in the White House.

In the UK, politicians are still trying to work out whether it's really possible to put the country on a war footing without having to slash public services.

According to the Institute for Fiscal Studies, the PM's pledge will increase cuts to unprotected government departments by about £8bn in 2028.

If the polls are to be believed, however, that's unlikely to be Mr Sunak's problem.

It will be Labour that has to find the cash.

Labour MPs tried to introduce a clause to the government's Renters (Reform) Bill which would have made Section 21 "no-fault" evictions illegal as soon as the bill became law.

However, this was defeated by 282 votes to 125.

The bill is now being debated as a whole for its third reading - and MPs will vote to send it to the Lords in an hour or so.

If you are interested in the subject, consider reading political reporter Jennifer Scott 's article below.

Some more results here from the House of Commons.

MPs are voting on proposed amendments to the Renters (Reform) Bill.

They have just added a change which would delay the ban on Section 21 "no-fault" evictions until a review of the court system is carried out to assess if it can handle appeals.

Those who want the ban to come in as soon as possible characterised this as kicking the ban into the long grass.

MPs supported the change by 287 votes to 144.

A series of other amendments were subsequently added to the bill "on the nod" - without votes, as Labour had indicated it would support the bill for the most part.

A vote on the whole bill will take place later this evening, at which point the bill will be passed to the House of Lords, who will consider it in due course.

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