| Asking Price |
$550,000 | Inventory |
$350,000* |
|---|---|---|---|
| Gross Income |
$3,686,000 | Real Estate |
$1,400,000** |
| Cash Flow |
$120,000 | Year Established | 1980 |
| FF&E |
$50,000* | Employees | 10 |
* included in the asking price
** not included in the asking price
The company provides land based two-way mobile radio communications for public and private sectors as well as a broad array of marine electronics. There are additional product lines for video and audio applications. It has a large customer base and highly skilled long-term employees to leverage for future growth. The marine electronics business is sold through an up-to-date internet platform. The land-based communication sales are handled by inside and outside sales staff as well as the web platform.
Facilities: Leased facilities offer ample space and easy access. Facilities may be purchased or buyer may have right of first refusal. Rental income of $7,500/month is expected to grow to $8,500/month in 2009. In addition company rent expense would be eliminated with the purchase. Potential 1031 exchange. Internet portion of business can be home based.
Competition: Seller is a one of four key providers of two-way mobile communications and has a larger presence in the South Sound. The company is one of three key providers of marine electronics. The market is stable with upside growth opportunity.
Growth/Expansion: Seller has not devoted sufficient time and resources to the business given his other business commitments. A buyer could grow the business on a standalone basis or combine it with complementary businesses for greater financial returns.
Financing: SBA financing over 15 + years; partial seller financing for qualified buyer
Support/Training: Seller will train and transition for sixty days (included in price) and will remain accessible for additional support.
Reason Selling: Concentrate energy on other business interests and real estate holdings.

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