13 Stores Open, $2,000,000+ Revenue, 6,200+ Customers, Proven Model – Mgt Team has over 40 yrs experience managing wireless stores
Progressive Wireless is a Cricket Wireless Dealer seeking capital for a 100 store expansion. AT&T purchased Cricket in 2014 creating virgin territories for more stores. Benefit from the risk reduction of a franchise like model & fantastic projected passive income and equity appreciation. We have an outstanding management team and our current stores are doing amazingly well.
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, residuals, and great margins on accessories.
Franchise Like Risk Reduction
There is a reason that 90-95% of franchises succeed. They are based on a long track record of success. There are currently over 3,700 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.
Conclusion & Projected Returns
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 through a 506(C) PPM offering. $25k minimum investment. 15 founders units available.
23 LOCATIONS OPEN OR IN PROCESS
WE’VE SURPASSED $2,000,000 IN COMPANY REVENUE!! Since we opened our first store in Sept. 2015 we’ve achieved over $2 million in revenue.
OUR 13TH STORE OPENED IN TUKWILA, WA! We are excited to announce another great store opening in Tukwila, WA!
OUR 12TH STORE OPENED IN SPANAWAY, WA! Spanaway is a growing community south of Tacoma, WA. This is an ideal market with a great location.
OUR 11TH STORE OPENED IN OLYMPIA, WA! We opened our 11th store in Olympia, WA this week. This is a great store in a virgin Cricket market.
OUR 10TH STORE OPENED THIS WEEK! Our 10th store opened in Helena, MT this week at an ideal location. This should be a great market for us.
OUR 9TH STORE OPENED IN REXBURG, ID! Rexburg, ID is one of the fastest growing cities in Idaho growing 65% in the last decade.
OUR 8TH STORE IS NOW OPEN! Our store in Butte, Montana is now open for business. Butte is the 5th largest city in Montana.
OUR 7TH STORE OPENED IN MISSOULA, MT! Missoula is the 2nd largest city in Montana and serves a huge trade area. We love our location.
OUR 6TH STORE JUST OPENED IN MERIDIAN, ID! We just opened our Meridian, ID store which is in a fantastic location with great demographics.
OUR 5TH STORE IS NOW OPEN! Our 2nd location in Billings is on 24th St. The Billings market is ideal with virtually no prepaid competition.
OUR 4TH STORE OPENED IN IDAHO FALLS, ID! Our fantastic permanent location opened so we transferred our staff from our temporary mall kiosk.
OUR 3RD STORE IS NOW OPEN! It’s a fantastic location on Main St. in Billings with great visibility. Billings is the largest city in MT.
STORE 2 IS NOW OPEN! The Bozeman, MT store opened for business at the end of November!
STORE 1 IS NOW OPEN : We recently opened our first location in Pocatello, ID in a great retail space with excellent visibility.