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Erate, It, Scalable Telecom Solutions Provider
Location Texas,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1300000
Net Profit / Cash Flow $350000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1997
Number of Employees 6 - 9
Inventory 500000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Seller will train buyer for 12 weeks included with the purchase price. Seller prefers to remain with the customer in a sales or technical capacity with an opportunity to participate in future growth.
Reason for Sale Family health.
Description This enhanced service provider and fully-managed IT company is a total technical solutions/managed services (''One-Stop-Shop'') company providing computer repair, internet, voice, service, PBX, home-automation, networking design & engineering and installation. Turnkey service from sales, wiring/installation through to after-sales management of product. The company started in 1997 and has evolved into 3 separate divisions for each of retail, commercial and education (school) customers. The client base is residential/small business and medium/large businesses, schools and churches, primarily located in rural or smaller population centers. The company typically generates recurring revenue ~20% of customers' capital purchases. The company owns its FCC Spectrum licenses allowing dedicated direct inbound access.
The greatest opportunity lies within the US Department of Education E-rate program. The company is certified to work with schools that receive money from the federal government. The company currently has Local and successful installations at 2A, 5A and Charter Schools. E-rate Certification is difficult to obtain. The E-rate program provides federal funding of $2.25 Billion to eligible schools and libraries enabling 20-90% discounts for the purchases of eligible telecommunication and information services. The discount is tied to the National School Lunch Program. The company has a proven business plan generating $3.4 Million annual recurring income and $18 Million fixed billing in the local market. E-Rate is an untapped market with a significant opportunity for recurring revenue. The business model is very scalable in the region and nationally. The business furniture, fixtures and equipment (FFE) and Inventory have a fair market value of $500,000 and include company-owned FCC Spectrum licenses allowing dedicated direct inbound access and AR of up to $50,000. price: $750,000 with $250k seller-financing.
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