Wireless Communications Company For Sale
Description
Founded in 1992, this wireless communications equipment company has enjoyed solid success and steady growth. It currently enjoys revenues over $1.7M with a cash flow over $325K. The company has a wide variety of products at various price points and represents the dominant manufacturer in the marketplace. The company has a diverse client base of over 1,000 commercial, institutional and government customers, with no single client representing more than 8% of sales. 65% of sales are generated from existing accounts with most of the 35% balance generated through the company's website. Aside from the website, there are no pro-active sales efforts. As it is run now, the company simply responds to requests to purchase, service or rent its products. In the post 9/11 environment, demand for this company's products and services is growing steadily. More energetic new management could easily increase the rate of growth of this company and capture a larger share of a growing market.Included in asking price
Furniture / Fixtures and Inventory / Stoc included
Sales Revenue
1200000
Net Profit
325000
Years Established
1992
Employees
5
Expansion Potential
Some territorial exclusivity is provided by the manufacturer. While there is some competition, no other company provides all the products and services offered by this company in its territory. The market for this company's products is strong and growing stronger. Proactive marketing would certainly cause the company's healthy rate of growth to accelerate even further. Additional related product lines and services could be added. A similiar company in a neighboring jurisdiction used these strategies to grow revenues over $10M.
Support/Training
Seller is committed to the continuing success of the company and will arrange with the buyer for a smooth transition to new ownership.
Reasons for Selling
Other interests.
Finance Available
Financing available for qualified buyers.
Tenure
Leasehold
Lease Terms
The business operates out of a clean and attractive 2,100 s/f office/showroom houses the business operations. Rent is a reasonable $1,722 per month, which includes taxes and utilities.