88.5% MRR Wireless Internet Services Provider-Commercial & Government

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ISP Hybrid, Very Large Diversified Client Base
Asking Price:
$7,000,000

Gross Revenue:
$2,350,000
Cash Flow:
$1,200,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$300,000
included in asking price

Real Estate:
$140,000
included in asking price

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Business Description

In this day and age, many would describe the Internet as "ubiquitous" (everywhere, all the time); or, maintain the expectation that it should be. All of the products and services related to Information Technology, including the availability and quality of bandwidth, is changing. Not only is there an expectation to have access to the "network" at all times, for some it is also expected that available access points offer high-speed (fiber) and/or super-high speed (microwave) speeds to facilitate this "ubiquity".

With mainstream use of the Internet only continuing to rise, Individuals, Companies, and Governmental Entities, all have an interest and/or need (in one form or another) to gain competitively priced bandwidth capabilities. For Governmental Agencies and Commercial clients, the ability to host traffic and data, access networks, and migrate data in the least amount of time possible has become an additional objective to consider in managing sustainability (and growth).

This Company, as a Wireless Internet Services Provider, has created the groundwork for a growth potential that is just staggering. First formed in 1998, and then incorporated and restructured in 2015, the Company is supported by a management professional with over 25 years of experience as a C-level executive and consultant, along with a IT Professional with over 25 years of experience in IT and Networking. This partnership has been able to converge ideas for growth, utilize key contacts, establish service partnerships and gain access to clients, whom all of which are now dependent on the Company (in some way) by their established market share.

Upon restructuring in 2015, the beginnings of their growth initiative was to gain the majority of the residential clients within their prospective area. In executing this objective, they would be the first to remark that they are first and foremost in the business of customer satisfaction (more than half all their residential clients have been gained through word of mouth). The keys to their growth initiatives were based on this idea and two others - all three being; first-rate customer service, top-tier service options (Fiber and Microwave capabilities), and competitive pricing. The business now absolutely encompasses these aspects with a strong foundation of utilized technologies, and a culture of care and professionalism modeled for success.

In 2016, as the leading service provider in their area, they entered into Phase II of this reorganization plan (financed by their footprint in residential services); significant reinvestment toward hardware, infrastructure, and service capabilities. They can now tout bandwidth capabilities for Fiber Internet (50 Mbps and up) and Microwave (10 Gbps and up), and bandwidth services to any area of the country domestically, and internationally. In these few short years since restructuring, they have evolved into the go-to provider for network services in their region for residential, Commercial, and a number of Governmental Clients.

This year, they were able to gain a cross-border client in Canada, and as stated, there are now ample opportunities available to the Company in engaging and gaining new clients. Once they get the client, they keep it, with a 99.2% retention rate y-o-y. In offering services as a remote provider, they are able to beat out competitors for available services, pricing, and in many cases both. Since their Corporate filing in 2015, they have not lost a single customer within their Governmental and Commercial client base; their overall recurring revenue rate for ALL customers is 88.5%.

Some technical details of the Company - the Company is a Cisco and Microsoft (Server) driven office. An aspect of their service capabilities - fully licensed backhauls and hardened switches for uninterrupted wireless high-speed internet delivery.

The Company also offers services to a number of its Commerci

About the Business

Year Established:
2015
Number of Employees:
8
Home Based:
Yes
Real Estate:
Owned
Facilities:
Main street location with retail area, 7 tech work stations, full monitoring equipment and access / climate controlled server room. Many remote locations for distribution of microwave signals
Market Outlook/
Competition:
Comprehensive package on file covers this, NDA is required.
Growth & Expansion:
Comprehensive package on file covers this, NDA is required.
Contact the Seller

About the Sale

Reason For Selling:
Comprehensive package on file covers this, NDA is required.
Training/Support:
Two (2) weeks, ten (10) hours per week as needed.
Seller Financing:
If the price & deal structure is right.

Listing Info

ID:
1521945
Ad Detail Views:
1139

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Business Listed by

Rick Carlson

ProNova Partners
License# 01869984

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