VOIP Network Internet Reseller
Location California,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $4220000
Net Profit / Cash Flow $581000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2003
Number of Employees 6 - 9
Relocatable Yes
Number of Employees 6 - 9
Real Estate Leased
Training Owner will train and will stay on consulting. Other partner would like to stay on and help grow.
Reason for Sale Owner is burnt out! Wants to spend time with family.
Description Focused almost exclusively on the Cisco product line, this company has become a key niche player in the very lucrative resale market. A key member of a very exclusive trade group, they focus on wholesaling Cisco product to other members of this group. It has grown from 1 person working out of a home office to 4 employees and 4 sub-contractor salespeople with a 1950 sqft suite that includes office space and a warehouse with rack storage. The company has developed a reputation with sellers of used networking equipment, including many large internet companies with immense networks that are continuously being upgraded. Further as a principal member of a large consortium of Cisco product resellers, this company has established itself as a key wholesale supplier in this alternate distribution scheme. Owner has built an outstanding reputation for taking care of being the go-to supplier for unique Cisco items. This in turn has kept his clients coming back as consistent buyers and sellers as he is extremely responsive to their needs. Company keeps its finger on the pulse of the dynamically fluid pricing environment and prides itself on its experience knowing the market and maximizing its buying and selling potential.
This very well managed business carries minimal inventory, focusing instead on buying only what it can immediately sell. Very little of its sales are to end users, focusing instead on making a smaller, but faster profit by selling within the resale community. A willingness to buy larger lots, carry some inventory or solicit end user customers are all ways to further improve the profitability of this great business.
The current owner pays $3140 per month for rent for the 1,950 space, which is mostly office (warehouse is about 500sq ft). The lease ends on Feb 29, 2010. This business could be easily relocated if the new owner chooses since the majority of it is done via phone and internet. Contact for more info on this Resale business for sale.
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