Niche Security Product Contractor

Business Overview:

This is a company that sells and installs a niche product that effectively beefs up the security of residential homes. Approximately 45% of the revenue comes from product sales, 45% from installation, and 10% from market repairs. The business works on approximately 7 jobs per month with the average revenue per job in the $6,500 range. The business model is simple: clients call, a demo is done at the client’s home, the product is ordered from the manufacturer, and the company installs the product at the client’s home. There are two staff members: one does sales and install; the other does install only. The owner only works 15 to 20 hours a week. The owner does not do the installation. The owner’s job duties include marketing, order logistics, invoicing, operational filings, general management, and some sales calls. This company has become a key player in this niche market locally. This is an excellent opportunity to take over a niche security business and scale it to the next level.

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Property Features and Assets:

This company is run as a home-based business with low overhead. There is no showroom, no warehouse, and no inventory to carry. Included in the sale is a fully logoed van, various product samples, marketing materials, and uniforms. The van is parked at the owner’s residence. The staff members pick up the van, drive it to job sites, and return it thereafter. This business can be relocated to anywhere within the Las Vegas metro area.

Market Competition and Expansion:

The product line is recession resistant because home security is not a want; it’s a need. Even in the midst of the pandemic, the company experienced steady, year-over-year growth. The company has an excellent reputation with lots of stellar reviews online. Given it’s a niche product, there is already limited competition. To stand out against the few competitors that offer similar products, this company has secured contracts with manufacturers to offer superior products compared to what the competitors offer with exclusivity in Nevada.

The owner is focused on building his other company that is taking off, and does not have the time and energy to grow this business. This product can be easily adapted for commercial properties but the owner has not had the time to pursue the commercial segment. The manufacturers have also asked if the company is interested in expanding into surrounding States or train other operators in surrounding States (in which case the company would receive a commission from each of the operators’ sale), but the owner has not done so. A new owner with time and fresh energy can take the existing infrastructure and grow this business to the next level.

Reason for Selling:

The seller developed a software technology company that is taking off, and wishes to spend more time on the software company. Kindly ask the seller for more information.

Additional Details:

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