Description of the business for sale
The company is believed to be the largest independent wireless telephone dealer in its market area. Both in terms of the market in which it participates and its geographic location, this is an exceedingly attractive acquisition opportunity for either a corporate or individual financial buyer. The cellular telephone market has grown over 100% in the last five years and dramatic and continuing technological advances promise to drive similar future market growth. Industry revenue was up 17 in 2004, the number of subscribers increased 14%, the average monthly bill was up 23% and total wireless minutes increased 33%.
Located in the fastest growing county in its state, the company serves a population area of 65,000 people. And the population of the county is expected to grow 50% in the next ten years. The town in which it is located is on the Intracoastal Waterway and is the second oldest town in the state.
The company's product line includes cellular phones, service plans of almost every national and regional provider, and accessories. Established in 2002, it has grown exponentially to $700,000 in annual sales and $188,000 in discretionary cash flow in this short period of time. It competes with the company-owned stores of several of the major wireless companies ans well as other independent dealers. As opposed to the company-owned stores, it offers "one stop" shopping.
The company's proven profit-making ability is testimony both to the growing wireless market and the vibrancy of the local geographic market it serves.
Description of the facilities
Furniture, fixtures, and equipment = 8316
Furniture, fixtures, and equipment included: Y