Business for Sale Overview:
The company rents cellular & satellite phones and provides airtime service to business and vacation travelers in the United States and throughout the world. In addition, they also provide short term rentals for special events, meetings and emergencies. The company offers cell phone rentals directly to the traveler, and via the business center and concierge desks at most of the four and five star hotels in New York and in Washington DC. Most United States cell phone will not work when taken abroad. Different operating frequencies, digital transmission methods, and cellular carrier inoperability, make these phone unusable in other countries. In exotic locations or away from land there may not be cellular service at all.
This company resolves this problem by renting a cellular or satellite phone that works virtually anywhere on the planet. And, it does so at very competitive rates. In addition, the traveler who has a compatible phone can use the local provider affiliated with global Cellular to achieve a much lower rate than his regular charges in another country. These benefits apply to United States travelers going abroad, as well as overseas travelers visiting the United States.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The company has a 600 square foot office on the second floor in the Post Office building. The office can easily be relocated to any location convenient for the new owner.
Market Competition and Expansion:
Competition is fractionalized. There are 5 or 6 companies with greater revenues. Most of the other companies are not authorized resellers and are thus in jeopardy of not being able to provide reliable service. Also most competitors rely completely on the Internet for new customers. This company has numerous corporate and hotel accounts providing a steady revenue stream. Growth potential is unlimited and comes from several avenues. First, the current web site has been updated which has increased sales. Continued web enhancement should continue this trend. Second, corporate and hotel accounts can be expanded through an aggressive marketing effort. Right now these accounts are acquired through call in. Third, there are opportunities to become the overseas rental provider for smaller cellular carriers in the United States. There is one such opportunity under discussion now.
Reason for Selling:
The owner has other business interests and persona
Additional Details:
- The property is leased.
- The owner is willing to train/assist 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.