Absentee Owner - Wireless Tech Company

Kent, WA
King County


Asking Price: Annual Revenue:
$7,325,000 $6,820,909

Technology: Business Services (B2B)


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RE: Absentee Owner - Wireless Tech Company Broker: Cortney Sells

Quick Facts

Asking Price: $7,325,000
Annual Revenue: $6,820,909
Net Profit: Not Disclosed
Cash Flow: $1,986,249
Total Debt: Not Disclosed
FF&E: $7,816,724
Real Estate: Not Disclosed
Year Established: 2001
Employees: 80
BBN Listing #: 272034398
Broker Reference #: TEC011

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Business Overview:

With almost $8M in assets, the loan will be nearly 100% collateralized, and the owner is willing to finance or do an equity roll! This engineering company with over 20 years of telecommunications experience specializes in Wireless Technology Services, Network Roll-out, and Project Mgmt. With an owner that only performs high-level oversight and has no daily role, they have been supplying professional services for some of the wireless industry’s largest companies from small to large scale projects or turnkey solutions.

Along with offering expert design, service analysis, and solutions for a wide range of technologies, they also provide site acquisition and technology consulting for wireless vendors and service providers focused on wireless networks.
Their staff is known for providing first-rate wireless engineering solutions, network design and implementation services to wireless vendors and carriers, making them a “one-stop-shop” for their customers. See company benefits below:
? Number of projects and volumes have increased since COVID-19
? The seller is a passive owner! - this wireless tech service company has 2 Senior VP’s who each manage and operate a division
? With almost $8M in assets, the loan will be nearly 100% collateralized, and the owner is willing to finance or do an equity roll.
? Not relationship driven – more reputation driven based on quality of work and brand and experience in the market
? Authorized Service Provider (ASP) for wireless vendor OEMs and wireless carriers
? No dedicated salesperson; they receive enough work from clients as an approved tier one vendor (Verizon, Sprint/T-Mobile)
This company was founded in Seattle, WA in 2001 and has locations around the US. With 82 employees, they are known to deliver the highest industry standard.

As the telecommunications industry expands with every passing year, the growth opportunities are infinite for this firm. The company could expand to as much as $9M top line revenue in the next year or two; 5G expansion is going to lead to 3 to 4 years’ worth of business in both the Telecom and Mobile Divisions.

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Property Features and Assets:

Assets Included in Purchase: $8,024,890 Inventory: $207,566 Equipment: $6,777,636- 14 sweep testing kits, 6 fiber testing kits, 12 PIM testing kits, 11 GPS alignment tools, 7 fiber testers, 1 concrete coring machine Vehicles: $1,039,088- 22 heavy duty trucks Website Development: $600

Market Competition and Expansion:

Growth Opportunities: 5G expansion in both Telecom and Mobile divisions.

Reason for Selling:

Retirement / Age

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.

Documents:

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