THE BLUEPRINT:
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BuyBackX opens its first physical store at 275 Walt Whitman Road in Huntington Station.
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Customers can sell or trade in electronics for instant cash or buy pre-owned devices.
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Founded by former Wall Streeter Andreas Leptourgos, BuyBackX grew from BuyBackWorld.com.
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The new store serves as the company’s flagship and model for future expansion.
A successful online buy-sell-trade platform launched 16 years ago is expanding with its first brick-and-mortar store.
BuyBackX has opened its first store at 275 Walt Whitman Road in Huntington Station, where customers can sell their electronic devices for cash and buy certified pre-owned devices at discounted prices.
BuyBackX was founded by entrepreneur Andreas Leptourgos, who began his career on Wall Street before launching BuyBackWorld.com in 2009. The online platform was initially aimed at helping banks upcycle their old BlackBerrys, but soon became a major player in the buying, selling and recycling of other electronic devices.
Andreas Leptourgos / Courtesy of BuyBackX
After Leptourgos bought $10,000 worth of iPhones outside of the Apple store on Fifth Avenue on iPhone 4 launch day in June 2010, he quit his Wall Street gig to build his growing online business. Since then, Leptourgos grew the company into a national leader in device trade-ins, featured in Forbes, The New York Times, and named to the annual Inc. 5000 list of fastest growing private companies six times.
BuyBackWorld has purchased more than 1 million devices and paid out more than $100 million to consumers and businesses, developing custom programs for clients such as NVIDIA, Nordstrom, Delta Private Jets, and the Museum of Modern Art without outside funding, according to a company statement.
With the new brick-and-mortar store model, Leptourgos is hoping to make device trade-ins and recycling more convenient and accessible to area consumers.
“Opening our first storefront is a major milestone for us and a big step toward building trust and connection with the local community,” Leptourgos, founder and CEO of BuyBackX, said in the statement. “Our goal has always been to make it easy and rewarding for people to trade in their tech responsibly. We pioneered buybacks online, but we always believed in the power of face-to-face interactions — helping customers see the value in their devices and giving them a better, greener way to upgrade. This new space gives the community a chance to see the process firsthand, including our transparency, efficiency, and environmentally conscious atmosphere. We’re helping consumers turn yesterday’s devices into tomorrow’s opportunities.”
Customers can walk into the BuyBackX store with their phone, tablet, laptop, or other eligible device and receive a quote and walk out with cash (or digital payment) in minutes.
The new Huntington Station location will serve as the company’s flagship store and model for future expansion across Long Island and beyond.
