Company Performance Metrics
When AT&T acquired Cricket Wireless in 2014 it virtually doubled Cricket's coverage area. This network expansion has created virgin territories where there is little competition for prepaid wireless services. Progressive Wireless was formed to open 100 Cricket Wireless stores as quickly as possible. Cricket's dealer program provides
excellent activation commissions, lifetime residuals and great margins on accessories.
There is a reason that 90-95% of franchises succeed. They are based on a long track record of success. There are currently over 3,300 Cricket stores in the U.S. and the parent company was started 15 years ago. As a Cricket dealer, we benefit from many franchise characteristics such as training programs, strong brand and corporate marketing assistance, increased purchasing power, operational support, location and construction assistance etc. Best of all Cricket does not charge a franchise fee.
The Company's President was recruited by Cricket Wireless after recently selling his exceptionally run 34-store Sprint dealership. He has an MBA and over 16 years of experience in the wireless industry. Between the officers and board members, the team has over 40 years combined experience in the wireless industry and over a century of business management experience.
The prepaid wireless market segment is large and growing. In the first quarter of 2013 new wireless customers chose prepaid plans 10 to 1 over contract plans. As of 2012 there were 100 million prepaid subscriptions in the U.S. Smartphone sales on prepaid networks doubled from 2012 to 2013 with nearly one third of all smart phones currently on prepaid plans.
Projections show a 47% average annual cash return over 5 yrs with nearly a 500% ROI assuming a sale or IPO in the fifth year. We are selling 20% of the company for $25k minimum investment. 15 founders units available.
