Absentee Telecomm Biz With Recurring Revenue

Business Overview:

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.

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Property Features and Assets:

Monthly Rent: $10,000.00

Square Units (Foot, Meter): 22,000

Facilities: The business is located in a small portion of an office building downtown. There are 2 office buildings for sale and 2 radio towers. One building is 14,000sqft and the other is 8,000sqft. There is also a parking lot that is 9,750sqft.

Market Competition and Expansion:

Competition:

Stenocall / Telephone Answering Service has significant growth potential, particularly in the greater West Texas market, where minimal investment in advertising could attract new customers. The business can expand by upgrading older digital pagers to a 5G network for hospitals, enhancing communication reliability and creating a broader revenue stream. Additionally, increasing partnerships with industries such as oil and gas, education, municipal government, and healthcare can lead to long-term service agreements.

Further opportunities lie in expanding telephone answering services to cater to businesses needing 24/7 customer support, such as medical offices and law firms. Leasing additional tower space to telecom providers, introducing new communication technologies like VoIP or AI-powered answering services, and securing government contracts for emergency communication services can also drive growth. By leveraging these opportunities, the business can strengthen its market position and increase revenue.

Expansion:

o Untapped Market Potential – No investment in advertising means a large, unaddressed customer base in the greater West Texas region.

o Low-Cost Expansion – A small investment in marketing could generate significant new business opportunities.

o Increased Brand Awareness – Promotional efforts can enhance visibility and attract new clients from key industries.

o Competitive Advantage – Establishing a stronger presence in the market can help the business stand out from competitors.

o Diverse Marketing Channels – Digital marketing, local partnerships, and targeted advertising can effectively reach potential customers.

Reason for Selling:

Additional Details:

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