Business Overview:
The Company’s entrance into the secured institutional market is anchored on a bed rock of patented technology. Assured of a strong, competitive advantage, the Company has developed a cost-effective communication system that allows residents within secured institutions to keep close and frequent contact with their families and friends allowing for the monitoring and/or recording of the communications initiated by its users.
Operating as the manufacturer and distributor, the Company’s state-of-the-art videophone system provides secure communication between institutional residents and those outside the facility that can be used in conformance with institutional limitations on telephonic communications facilitated with little or no cost to the institution.
The Company's vision and foresight in developing a communications system to meet the needs of incarcerated residents has been met with overall acceptance as a cost-effective way to enhance the overall health of such individuals. The business is poised to enjoy extraordinary growth due to an increasing number of residents in various institutional living environments, which translates into a total available market that exceeds 5 million residents in the USA. Poised to gain market penetration of 20% of the total available market (1 million end-users) which will result in annual sales exceeding $106 million and net revenues exceeding $50 million. The Company's primary focus is on correctional facilities, however the nursing care industry offers virtually the same market potential. The Company also recognizes that its potential marketplace is global. This is an opportunity to purchase intellectual property that offers cutting-edge technology and addresses a substantial market potential. Minimum cash outlay of $500,000 with Seller financing available.
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.
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.
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