Owner Financing is Available
Business Overview:
This is a B2B security service, installation business that is growing and will not last on the market. Established in 2005 this company quickly gained momentum in the Tampa Bay area as experienced professionals in custom design and cost effective loss prevention systems. It is ranked as a top distributor of closed circuit television surveillance systems. There is always demand for internal loss prevention systems. The current economy has created an even higher demand for overall theft control. The business has discretionary earnings of $374,048 servicing the Tampa Bay market. The company methodologies and business proposition lends itself to opening satellite operations, franchising, or growth through joint ventures. A new energetic innovative buyer could set up a nationwide distribution network through outside sales representatives and expand operations driving revenue and generating increased earnings. In addition the business has a third party leasing program allowing customers to lease rather than own equipment. Technological advances are constantly being made in the industry making equipment obsolete and unserviceable. Customers are able to lease equipment and at the end of the lease buy the equipment or renew the lease with new equipment installed. At current time the company has an outstanding backlog of approximately $1.6 million to $1.7 million in renewable leases with a renewal rate of approximately 75%. The out years of the company will recognize the revenue stream generated from these third party renewable leases. This is a golden opportunity with a growing company in a large high demand industry. The electronic security industry is expected to reach $4.6 billion by the end of 2010 according to NBFAA. The owner is confident of the success of a new buyer and is willing to provide secondary standby financing to meet SBA guidelines or finance 50% of the sale for a qualified buyer.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Business is located in a small office space that is easily relocated current office space is approximately 1,200 square feet with a base rent of $1,400.
Market Competition and Expansion:
The business has a professional informative web site to help generate sales leads. They also rely on referral sources from existing customers and their reputation of quality, reliability, competitive pricing and excellence in customer service that exceed expectations.
Reason for Selling:
Other Business Interest
Additional Details:
- The property is leased.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.