Security Safes In Hotels with Recurring Revenue

Not Disclosed, FL
Broward County


Asking Price: Annual Revenue:
$249,000 $168,000

Services: Security, Surveilance


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RE: Security Safes In Hotels with Recurring Revenue Broker: MARTY FISHMAN
Owner Financing is Available!
Loan/Seller - Amt: 50,000 Mos: 12 Rate: 6.00 Mo Pmt: 4,303.32

Quick Facts

Asking Price: $249,000
Annual Revenue: $168,000
Net Profit: Not Disclosed
Cash Flow: $68,436
Total Debt: Not Disclosed
FF&E: $6,500
Real Estate: Not Disclosed
Year Established: 1992
Employees: 1
BBN Listing #: 6931630
Broker Reference #: 0101432401

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Business Overview:

Time to retire. After 29 years. Safes that generate revenue. Enter the world of recurring revenues, maintenance & manufacturing. Safes ( lock up your valuables ) for in-room security serving the hotel/hospitality industry and others. This business has 1,342 safes of varying sizes from small to large. All safes have been manufactured in - house, by the this company. - with a fair market value of $325,800. And, also included is a 2011 Ford van, over 1,000 pedestals and other equipment. There are 768 safes placed in 6 hotels bringing in monthly revenue of approx. $15,000 per month for the past 12 months. And, 574 safes in the warehouse ready to be placed in service or sold. Currently, the seller only works 6 hours weekly and has 1 full-time employee in the warehouse and field doing maintenance and repairs. Add some sales and marketing and watch the business grow. A few contracts are in place and some are expiring. Expiring contracts continue from month to month or the customer does a buyout and contracts for maintenance. Recurring revenues are based on hotel occupancy. Excellent records as each hotel provides a monthly report and check. This business is being sold on the asset value of safes and equipment. Huge opportunity to expand. Please refer to listing number 0101432401, business broker Marty Fishman 954-296-2995 when inquiring about this listing.

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Property Features and Assets:

Lease/Month: $1,597; Square Footage: 1,500; Building Type: Office/Warehouse; Terms & Options: Available speak with LL; Expiration Date: 4/30/2022.

Market Competition and Expansion:

Non Compete : Miles: 30 Years: 3

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • 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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