Satellite Installation Company & Retailer For Sale

Business description

With consistent annual growth of 25-35% satellite sales are steadily increasing. Due to the local cable provider offering poor service and increasing prices more and more people are turning to satellite as an alternative. In addition to the boom of high definition TV and the digital TV switch over, as well as a growing community, business is forecasted to continually climb. Since this business has been established in the local community for nearly 25 years they are known as the premier source of satellite. Along with the increase in satellite sales, internet has also been established as a service provided with much success to the bottom line. In 2007, three other branches were established in neighboring communities, all currently profitable. This growth expense effected profits for 2007 but are anticipated to create much larger profits in 2008 and revenue forecasts of over $2 million. The business has over 20 employees, all who are very knowledgeable and loyal to the company. With a regional manager in place, the business virtually runs itself with some marketing and accounting assistance from the owners. The owners work about 10-20 hours a week as needed. The owners are willing to personally finance up to 10% of the business and are willing to assist with training as long as reasonably necessary. The present owners have other business interest which is the reason for selling.

Property information

Real Estate:

Lease

Location:

Located in a mixed retail and commercial strip mall, this 2200 sq. ft. leased space has on premise parking. It is in like new condition downtown with great visibility.

Other information

Expansion potential:

A very effective marketing plan strategy has allowed for incredible growth which is aided with the help of poor local service cable companies.

Competition / Market:

There is very little competition in this area.

Support & training:

Owner agrees to stay through a reasonable transition period.

Reasons for selling:

Other business ventures

Financing available:

There is some owner financing available.

Furniture / Fixtures value:

$20,000 (included in the asking price)

Inventory / Stock value:

$30,000