Business Overview

Authorized Comcast – xFinity dealer since 2003.

Provides residential internet service with annual contracts, have IP TV integrated packages.

Company offers its reliable Business services for your condominium association, whether you are a manager or the owner of buildings, motels, hotels or any other company.

Also has satellite cable TV networking packages for condo associations that brings recurring revenues.

They can customize IP PBX service to fit any company needs. Free calls to 72 countries from anywhere in the world. Unlimited residential and business communications in the USA and all over the world.

Company also offers international TV in 4K HD.

Real estate is available at an additional price ($225,000).

Financial

  • Asking Price: $450,000
  • Cash Flow: $83,415
  • Gross Revenue: $167,095
  • EBITDA: N/A
  • FF&E: $32,500
  • Inventory: $20,450
  • Inventory Included: Yes
  • Established: 1998

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Seller provides training for 2 weeks at no cost.

Purpose For Selling:

Retirement

Additional Info

The business was started in 1998, making the business 24 years old.
The deal will include inventory valued at $20,450, which is included in the suggested price.

The business has FT: 2, PT: 1 employees and is situated in a building with approx. square footage of N/A sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals choose to sell operating businesses. However, the genuine reason vs the one they say to you may be 2 completely different things. For instance, they might claim "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may just be excuses to attempt to hide the reality of altering demographics, increased competition, recent reduction in profits, or a variety of other reasons. This is why it is very essential that you not count absolutely on a seller's word, however instead, make use of the seller's response along with your general due diligence. This will paint a much more practical image of the business's current scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of companies finance loans so as to cover things like supplies, payroll, accounts payable, so on and so forth. Remember that in some cases this can imply that earnings margins are too tight. Many organisations fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that should be satisfied or might result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area bring in new customers? Often times, companies have repeat clients, which develop the core of their everyday revenues. Certain factors such as new competition sprouting up around the location, roadway building and construction, and also employee turn over can affect repeat consumers and also negatively influence future incomes. One crucial point to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Clearly, the more individuals that see the business regularly, the better the chance to build a returning client base. A final idea is the basic area demographics. Is the business placed in a largely inhabited city, or is it situated on the outskirts of town? How might the local median house earnings effect future revenue potential?