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High Speed Internet Provider to Small Community - Absentee Owned!
Northern California High Speed Internet Provider to Small Community - Absentee Owned! - SC2262
This Northern California High Speed Internet Service Provider is a California S Corporation and was started 18 years ago by the current owners and founders. Servicing a small community in Northern California, they provide high speed broadband internet and are dedicated to delivering reliable and fast internet access with competitive rates and no hidden fees. There is approximately 130 units in this small community and this provider services approximately 90 units at $99.99 per month. The only competitors in this area are satellite internet companies and customers are not satisfied with that type of service due to the terrain and reliability. This is an absentee owned business.
Financial Information
- $299,000 Asking Price
- $75,000 Cash Flow
- $110,000 Gross Revenue
- $299,000 Down Payment
- $75,000 Adjusted EBITDA
Business Location
- City: Northern California
- State: California
Reason for Sale
- The reason the Seller is selling is to pursue other interests.
Detailed information
- Year Established: 2008
- Home Based: No
- Franchise: No
- Relocatable: No
- Lender Prequalified: No
- SBA Prequalified: No
- Part-Time Employees: N/A
- Contractors: N/A
- Owner Worked Hours/w: N/A
- Inventory Included: No
- Inventory Value: N/A
- Monthly Rent: N/A
- Real Estate Available: No
- Real Estate Included: No
- Real Estate Value: N/A
- FF&E Included?: Yes
- FF&E Value: $100,000
Training/Support
- The Seller is willing to provide training at 30 hours per week for 2 weeks for the new Owner. Additional training may be provided at mutually agreed upon terms between the Buyer and the Seller.
Facilities
- There are no pole fees, rents, utilities, equipment rentals, salaries or any other monthly expenses except a T-Line expense of $2732.39 and a yearly expense for USA Locate of $150.00.
Market Outlook/Competition
- The broadband services market in the United States is expected to reach a projected revenue of $113.83 Billion by 2030. A CAGR of 7.5% is expected of the US broadband services market from 2025 to 2030.
CA 02100708; NV 1003039
Listed By: Charise Morojo
Background information
Reference:
2484544
Year established:
2008
Reason selling:
The reason the Seller is selling is to pursue other interests.
Finance
Sales:
$110,000
Profits:
$299,000
Operations
Furniture fixtures and equipment:
FF&E Included?: Yes FF&E Value: $100,000
Premises
Facility:
There are no pole fees, rents, utilities, equipment rentals, salaries or any other monthly expenses except a T-Line expense of $2732.39 and a yearly expense for USA Locate of $150.00.
Opportunities
Market:
The broadband services market in the United States is expected to reach a projected revenue of $113.83 Billion by 2030. A CAGR of 7.5% is expected of the US broadband services market from 2025 to 2030.
Price and terms
Price:
$299,000
Down payment:
$299,000
Financing:
Seller financing is not available at this time.
Training:
The Seller is willing to provide training at 30 hours per week for 2 weeks for the new Owner. Additional training may be provided at mutually agreed upon terms between the Buyer and the Seller.