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Business For Sale
WHOLESALE TELEPHONE COMPANY- B2B
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Asking Price: |
$595,000
USD USA Dollars
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Business for Sale Industry: |
Wholesale/Distribution: Durable Goods
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Reason for Selling:
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Retirement and Relocating |
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Year Established:
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1990 |
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# of Employees:
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3 |
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Yearly Cash Flow:
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$250,000 |
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Yearly Gross Income:
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$634,000 |
Business for Sale Overview:
A private Telephone company that supplies phone systems sales and services to private businesses in the entire New Jersey and New York area. This business was established in 1983 and has been providing outstanding service to its large clientele base. Their specialty is in the area of business telephone systems with an emphasis on the Hospitality (hotel, motels) sector. This business is also an authorized Mitel brand dealer. The company has a large customer base of approximately 158 customers and handles the maintenance of their phone systems. The owner has elected to retire after many successful years in business and will train a qualified purchaser into this industry. This is not a difficult industry to learn and will not necessarily require a high degree of technical experience. The business has a consistent net income of approximately $250,000 annually. Bank financing has been approved with a moderate down payment. This is a unique business and a rare opportunity.
Property Features and Assets:
The facility consists of a 2,000 square feet at a commercial warehouse location. An existing lease will be supplied to the new purchaser with additional options for continuation and moderate rent payments. Private parking is also available and part of the lease.
Market Competition and Expansion:
This is a wholesale business with limited competition due to the dealership approval from the manufacturers. With continued good service and reputation for customer care this business will maintain a strong income.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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