AV, Acoustics and Lighting Designer and Integrator

Not Disclosed, MI
Wayne County

Western Wayne County


Asking Price: Annual Revenue:
$1,300,000 $3,850,000

Services: Communication, Media, Technology


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RE: AV, Acoustics and Lighting Designer and Integrator Broker: Steve Kandt

Quick Facts

Asking Price: $1,300,000
Annual Revenue: $3,850,000
Net Profit: Not Disclosed
Cash Flow: $665,000
Total Debt: Not Disclosed
FF&E: $300,000
Real Estate: Not Disclosed
Year Established: 1995
Employees: 12
BBN Listing #: 517831216
Broker Reference #: SK1020321

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Business Overview:


If you’re looking for a company that survived the Coronavirus shut down in Michigan in fine shape, this is it. The company continued to operate successfully in spite of the fact that many of their customers had shut down for two months or more. For the trailing twelve months ending Dec 31, 2020 revenues were more than $3,800,000 and SDE (Sellers Discretionary Earnings) of $794,000, well above the historical average.

Today’s businesses require complex communication and multi-media solutions to reach their intended targets. This 25-year old audio visual (AV), acoustics, lighting designer and integrator provides extensive, comprehensive services to address client needs, including;

Equipment Sales – they are a dealer for most professional brands
Rental and Production Services
Design and Engineering Services for Sound Systems, Lighting Systems, and Video Systems
Acoustic Design and Consulting
Installation
Training
Service and Repair – they are certified to work on many equipment brands

They service the following categories of enterprises;

Education
Performing Arts
Houses of Worship
Corporate

There are more than 3000 customers in the company’s database with approximately one-half of them active during the past 3 years, many of whom are located throughout southeast Michigan. More recently however, a number have been in other areas of Michigan. Customer concentration isn’t a problem, with the top customer accounting for less than 5% of sales. 100% of revenues are generated from the highly desirable “b to b” sales activity. The company has a great repeat and referral base for obtaining jobs. The stellar reputation of the company makes it an easy decision for potential clients to hire the company to do this important work.

This high cash flowing business with 12 highly skilled, loyal, non-union employees operates out of a modern and conveniently located 11,200 square foot facility in a desirable community in suburban Detroit’s Wayne County. The attractive, late model facility is owned by the seller and can be leased under favorable terms or purchased in a separate transaction.

Sales have exceeded $3,850,000 for the 3 1/2-year period from Oct 2017 thru March 2021. For the same 3 1/2-year period through March 2021, the company has recorded a very impressive weighted SDE (seller’s discretionary earnings – historical, normalized cash flow available to pay an owner-operator and service debt) of $665,000 annually. The business is being offered for $1,300,000, an attractive 2.0x of the weighted SDE. The seller is contemplating an asset sale which has the seller retaining cash and A/R, while retiring all liabilities. The listing price includes (1) $200,000 (market value) of equipment rented regularly to customers; (2) approximately $75,000 of physical inventory (cost basis – for resale) and $100,000 (fair market value) of fixed assets and company vehicles. A meaningful seller note will be available to a qualified buyer. Ownership is also willing to stay on for significant post-closing support.

For more information on this outstanding business opportunity, please contact Steve Kandt (steve@praxisbb.com).

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Located in a modern and conveniently located 11,200 square foot facility in a desirable community in suburban Wayne County.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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