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Quick Facts
Asking Price: | $550,000 | |
Annual Revenue: | $957,588 | |
Net Profit: | $222,756 | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | $7,500 | |
Real Estate: | Not Disclosed | |
Year Established: | 2003 | |
Employees: | 3 | |
BBN Listing #: | 832749165 | |
Broker Reference #: | BBS-2032916 |
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Business Overview:
Consistent growing profits with clean financial records.
The company foundation is the Verizon Wireless (VZW) Agent business. This business is based on the purchase and resale of wireless service, equipment and accessories. The business has grown organically by adding services through the years.
They have additional revenue streams derived from Satellite TV, Wi-Fi Networking for boosting signals within a building, Home Audio/Video Sales and Service. Over the past 20 years, they have become known as the place in their area to go for communication equipment and services. There is little local competition in any of their segments.
The internet service provider (ISP) business for rural customers without cable access has been growing and provides a stable recurring-revenue stream. This market segment continues to grow organically.
Sales breakdown is approximately 45% Verizon Phones and Accessories, 40% ISP and 15% other products and services. Current sales for 2022 7% ahead of 2021.
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Property Features and Assets:
The store is located in a strip plaza on the main road. It’s a modern, clean, and well-maintained plaza with plenty of parking and a responsive landlord. 24’x48’ unit on main floor, 24’x48’ office/warehouse unit in walk-out basement directly below the retail unit. Tractor trailer access to both units
Market Competition and Expansion:
Cell Phone Repair Services - Computer Services, Repairs & Upgrades - Sales of Audio/Visual for New and Existing Upscale Homes & Resorts
Reason for Selling:
Retirement
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