Jun 19, 2020 — This profitable Company specializes in the two-way radio and communication equipment sales, installation, and service business. The Company engineers, builds, operates, and maintains two-way radio systems, including public safety, private, commercial, and public access networks. In addition to its full- service offering, the Company provides training and software/firmware updates to its customers. To differentiate from competitors, the Company offers tower installation and services, equipment installation for public safety vehicles, and outdoor warning systems. While it is difficult to predict the overall impact of COVID-19, the Company’s full-service offering allows for broad diversification of customers due to the widespread and essential use of radio and communication products by police departments, fire departments, and school systems.
The Company sells reputable radio products from well-known suppliers in the industry. By combining quality products with unsurpassed service and affordable prices, the Company has created a strong reputation within the industry and marketplace. The Company has developed a diversified customer base and pipeline with a significant presence in the Midwest, concentrated in Michigan and Indiana. The Company has grown its geographical footprint and customer base through customer and supplier referrals, as well as internally generating leads from emails and sales calls.
The current owner very much enjoys running the Company due to his technology background; however, he would like to retire and spend more time with his family and traveling the country. Ownership is willing to stay with the Company for a transition period post-transaction to assist the purchaser’s needs, as well as offer expertise on technical jobs even after the transition period if needed.
Buyers will be required to have a minimum of $65,000, solid credit, and preferably industry experience to qualify for SBA 7a financing.
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