Listing Number: 76931-800409
Description
This well-established, 50 year-old business is fully absentee and presents a prime opportunity for a new owner to drive growth. Acquired as a division of its parent company in 2018, the parent is now divesting this division to focus on its core operations. The current owner spends less than 2 hours per week managing the business.
The company operates two 180’ towers in Lubbock, ensuring seamless connectivity for its clients. With a network of over 900 digital pagers, it provides reliable communication services to major medical facilities. Additionally, it supplies Motorola and Icom two-way radios, supporting the communication needs of the University, government agencies, and the oil and gas industry. The business also generates revenue by leasing tower space to tenants, including T-Mobile and a local bank.
With an asking price of $400,000, the business generated revenue of $440,569 in 2024, with seller’s discretionary earnings of $105,584. The estimated value of furniture, fixtures, and equipment is $260,000, while leasehold improvements are valued at $100,000. The company is supported by a team of 3 employees, offering a solid foundation for continued growth.
Listing Details
- Price: $400,000
- Down Payment: $360,000
- Sellers Discretionary Earnings: $105,672
- Total Sales: $440,569
- Location: Lubbock County, Texas
- Inventory: $115,000
- FF&E: $260,000
- Employees: 3
- Year Established: 1975
- Reason for Selling: Divestiture of a Division
- Category: Telephone & Related
