Business Overview:
This highly profitably telecommunications company specializes in providing cost-effective systems to assist clients by providing flexible structured cabling infrastructures for voice, data, video, and multimedia, to give their clients the infrastructure needed to enable them to grow exponentially. Their team offers custom solutions that integrate and build upon a client’s existing telecommunication infrastructure, to make sure the client's needs are being met. This company's services areas cover California and Nationwide, across a range of industries, with the primary industries served being hospitals, and pharmaceutical companies. The company has long term relationships with a large number of customers, and has long term contracts, each averaging three-year terms, with 80% of their customers, with 75% of the revenues coming from recurring revenue stemming from the service contracts with the bulk of their clients.
The company has a crew of highly trained service technicians, as well as a highly trained General Manager that runs the company for the current ownership, which is absentee.
C7 Low Voltage License is required.
Working Cap is not included in the price
The company started in 2008 doing residential and small office cabling projects, and quickly expanded as they took on more medium sized projects, which mostly came thru referrals. Since then, the company has grown and currently does over $4.5M a year in Revenue, and has an average adjusted net income of about $1.5M annually, with over 20 FT Employees.
The biggest growth opportunity is to continue to expand and bring on more technicians, which would allow the company to accepts all projects that are currently being offered by clients, to fill the demand they currently have.
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Reason for Selling:
Retirement
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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