Premium, Wireless Retail Chain

FL

Premium, Wireless Retail Chain
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $9,000,000

EBITDA: $640,000

FF&E: N/A

Inventory: N/A

Established: 2006

Premium, Wireless Retail Chain

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Business Description

Founded in 2006, the Company is a seven location, authorized dealer for state of the
art cell phones and accessories. The Company operates through four major internal
profit centers: phone sales and commissions (51% of 2018 revenue), bill payments
(38%), accessories (9%), and fees (1%). Overall, with a superior industry reputation,
strong customer and supplier relationships, industry expertise, and solid
management team, the Company is well-positioned for growth. The Company
targets the general public within its growing area. The Company maintains a base of
approximately 10,000 customers, of which 6,000 are recurring customers. Overall,
the company's established customer base, with growing local demographics, is a
strong asset that contributes to stability, and presents opportunities for revenue
growth.

Detailed Information

Employees:
30
Facilities:
The Company's headquarters are located in Florida and the Company operates a total of seven retail locations. Each facility varies in size and are utilized for demonstration and showroom purposes. All locations are leased from a third party at the market rate. Each can accommodate significantly higher revenues without major facility improvements or capital equipment expenditures.
Competition:
Diversified Customer Base: No single customer accounted for more than 1% of revenue during the historical period. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account. Superior Name and Reputation: The Company enjoys a positive reputation in the community, offering high-quality products quality products, and superior customer support.
Growth & Expansion:
Strong Historical Sales Growth: Historical sales grew from $7,727,000 in 2016 to $8,818,000 in the fiscal year ending December 31, 2018, representing a compound annual growth rate of 6.8%. Sales have grown consistently year over year in the historical period. Rising Gross Profit Trend: Gross profit during the historical period has increased from 18.9% of sales in 2016 to 23.0% of sales by the end of 2018. The Company has been able to efficiently control its cost of sales after high growth to maximize gross profit.
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Mike LoConte

Business Listed By:
Mike LoConte

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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