Description

A leading reseller of state-of-the-art fleet telematics systems. The company serves public and private entities operating up to 1,000 vehicles through the US.

Key Aspects
· Monthly recurring revenue streams from application access fees
· Yearly contracts with all customers
· Strong management team in place responsible for day-to-day operations
· Large, diverse customer base of over 620 unique accounts
· National reach with long-term relationships with local, state, and federal government entities
· In the process of developing two, in-house GPS platforms capable of integrating data from numerous GPS devices
· Highly scalable and relocatable business model

Opportunities
· Bring the GPS data platform in-house to increase margins and decrease dependency on vendors
· Implement add-on services such as big data and management solutions
· Increase the number of outside sales representatives
· Expand custom data integration
· Incorporate additional products and services into a well-established customer base

Market Currently Served
Private businesses, municipalities, and government entities primarily in the Eastern US with some customers located in Arizona and California.

Real Estate
The company operates out of a 2,000 sq. ft. office space, leased from an unrelated third party.

Shareholder/ Owner Objectives
The two shareholders are a husband and wife team interested in exploring their options and open to various deal structures. The owner in charge of operations is available for a transition period of up to two years if needed to assist new ownership with growth and expansion initiatives.

Posted Sep 7, 2016

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