Owner Financing is Available!
Business Overview:
This enhanced service provider and fully-managed IT company is a total technical solutions/managed services ( One-Stop-Shop ) company providing computer repair, internet, voice, service, PBX, home-automation, networking design & engineering and installation. Turnkey service from sales, wiring/installation through to after-sales management of product. The company started in 1997 and has evolved into 3 separate divisions for each of retail, commercial and education (school) customers. The client base is residential/small business and medium/large businesses, schools and churches, primarily located in rural or smaller population centers. The company typically generates recurring revenue ~20% of customers' capital purchases. Current RECURRING revenue is ~$40,000/mo. The company owns its FCC Spectrum licenses allowing dedicated direct inbound access.
The GREATEST opportunity lies within the US Department of Education E-rate program. The company is certified to work with schools that receive money from the federal government. The company currently has Local and successful installations at 2A, 5A and Charter Schools. E-rate Certification is difficult to obtain. The E-rate program provides federal funding of $2.25 Billion to eligible schools and libraries enabling 20-90% discounts for the purchases of eligible telecommunication and information services. The company has a proven business plan generating $3.4 Million annual recurring income and $18 Million fixed billing in the local market. E-Rate is an untapped market with a SIGNIFICANT opportunity for recurring revenue. The business model is VERY scalable in the region and nationally. The owner prefers to remain with the business in an ongoing, mutually agreed role at mutually agreed remuneration and, preferably, with an opportunity for future equity in the business. The Price includes business (FFE) and Inventory valued at $150,000 and FCC licenses. PRICE: $750,000 with $250k seller-financing
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The business occupies ~1300 sq ft office and shop. The business also lease tower space in Downtown Dallas for communication equipment including routers and microwave dishes. The company owns its FCC Spectrum licenses allowing dedicated direct inbound access.
Market Competition and Expansion:
The business has multiple, scalable and SIGNIFICANT immediate growth opportunities including: 1) E-rate within DFW local market ($18M 1-time + $3.4M recurring), 2) use installed infrastructure to provide IT services to local businesses, 3) market T1 lines, 4) expand Home Automation
Reason for Selling:
Family health
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.
Resources: