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Manufacturer & Distributor of Mobile Phones for the Elderly

By March 4, 2016No Comments

Asking Price: $2,800,000
Gross Income: $1,787,030
Owner’s Benefit: $630,462
FF&E: $20,000
Inventory: $50,000
Established: 2009
Employees: 8
Cell Phone Manufacturer & Distributor that focuses on a Elderly client base by offering inexpensive and easy to use cell phones that are accompanied with inexpensive service plans. These phones can also be used as emergency monitors with buttons that can be pushed in an emergency to signal for help. Business has an incredible re-occuring revenue stream where customers continue to pay for phone & monitoring service month after month, and with each phone sold the re-occuring revenue skyrockets. Business can be relocated anywhere in the United States.

Inventory: Included in asking price
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: 2.000 square foot office space.
Growth & Expansion: Business continues to grow in profit. The current customer base continues to renew their service and monitoring service and new customers continue to purchase phones and sign up for service.
Support & Training: Owner will work with the new owner to make for a smooth and easy transition.
Reason for Selling: Partnership Dissolution