Seeking SBA & Private Lending to fund a WISP acquisition
October 29, 2024
by a searcher from Bellevue University in Houston, TX, USA
Wireless Internet Service Provider (WISP) has accepted our LOI
Seeking debt investors to get the deal across the line
Looking to do a 80/20 split with SBA and private lender but open to other creative financing options
Total asking price: $795K
Seller’s note: (10%)
Seeking up to $143K of debt equity from private lender to fund the remaining capital
I have a preferred SBA Lender available to cover 80% (if required) but open to a bundle package with a lender that can provide both private and SBA funding
Also, I am willing to fund up to 10% of personal capital (if needed)
Location: Texas
- Revenue: $859K
- Ebitda: $262K
- FF&E: $250K
- 85% Gross Margin, 28%+ SDE in 2023
I have over 10 years in this space therefore I will be positioned as owner/operator
Growth Potential: Add additional towers, install fiber optics, expand services to new customers & new markets
A roll-up strategy of other ISPs would vastly increase growth
The company was established in 2005 and has grown to provide wireless internet to customers in a wide area in Texas covering a few mid-sized cities and numerous small towns in the area
56 Towers: 50% are owned by the company and 50% are leased
Experienced Staff in place: Management, Engineers, Field Techs, Cust Service, etc.
High Quality equipment with great customer satisfaction ratings
Long term relationships with customers
Subscription/Recurring revenue (MRR)
This is an exciting opportunity to be a part of a growing ISP looking to expand in TX, Oklahoma, Louisiana & Arkansas
Only serious inquiries from financial professionals with the know-how to make deals happen
Please contact me for more details including personal and business financials. Thanks!
from University of Massachusetts Amherst in Boston, MA, USA
from University of the District of Columbia in Dallas, TX, USA