As of 2019, there are now over 300,000 cell phone towers across the US, of which a significant proportion sit on commercial property.
With landline phones dying a quick death across the country and cell phone use continuing to skyrocket, demand for new towers is higher than ever.
In the race for providing the best coverage, major cellular towers companies like AT&T will pay business owners top dollar for the use of their land to install towers on.
Recent studies have shown that of the existing 300,000 or so towers in America, almost two-thirds of the leaseholders earn at least $45,000 a year.
Deciding to lease land for cell tower hosting might just be the best business decision you ever make. Here’s why.
Lease Land for Cell Tower = A Reliable Source of Revenue
Calculate the running costs for your business. How much profit are you currently making? What kind of difference would tens of thousands of dollars a year make to your bottom line?
The most popular payment option for a cell tower land lease is for beneficiaries to take rent payments from the cell tower company.
This means that no matter how your business is doing, you can always rely on healthy revenues from your lease agreement. This extra revenue will allow you to focus on building your business and growing.
An Emergency Cash Injection
Another payment option for placing cell phone towers on your property is the lump sum agreement. This is when a cell tower company will pay you a significant, one-off cash settlement in exchange for installing a cell phone tower on your commercial property.
The amount you will be paid varies widely and can depend on the company, the type of tower installed, and the negotiating strategies used by you. However, you can be confident that you might receive anything between $100,000 and several million dollars.
The kind of cash injection has the potential to completely transform any business. Such lump sums can be used to greatly expand your operation, conduct essential maintenance repairs, hire more staff, and just about anything else you can think of.
There are few other ways to ahold of such huge amounts of capital in such a short period of time, especially since the money is yours to keep.
A Better Customer Experience
If you’re running a customer-focused business, a cell tower on the property could greatly improve their experience. This is especially true if your business is in a rural area.
A new cell tower will greatly improve reception for customers and employees. It allows for greater connectivity.
For a customer, few things are more frustrating than being out and unable to get a cell signal. Having a cell tower nearby completely mitigates this problem.
The result is happier customers. This translates to repeat business and greater profits for you.
Of course, you will also be able to benefit from perfect cell service 100% of the time.
To learn more about how your business could benefit if you lease land for cell tower use, don’t hesitate to get in touch with us today.
We’re on hand for all the expert advice and information you could need. A cell phone tower can boost your finances, prosperity, and business prospects immeasurably, so hesitate to explore this opportunity and see if it’s right for you.