Smart Home Automation Co - New York Metro Area

Not Disclosed, NY

Asking Price: Annual Revenue:
$529,000 $745,592

Technology: Business Services (B2C)

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RE: Smart Home Automation Co - New York Metro Area Broker: Seller of Business

Quick Facts

Asking Price: $529,000
Annual Revenue: $745,592
Net Profit: Not Disclosed
Cash Flow: $221,069
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 142826891
Broker Reference #: Not Disclosed

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Business Overview:

During more than two decades in business, this company has earned a reputation as a preeminent resource for the finest Audio, Video, Networking, & Smart Home Automation Systems, including Lighting Control, Climate Control, Motorized Shading Control, & Video Surveillance Systems. Homeowners, as well as architects, interior designers, cabinetmakers and builders call upon the company for its services. In creating custom solutions tailored to each client’s physical environment and budget, the company draws upon a broad array of audio, video, lighting, electronics and automation system manufacturers, most of which are highly selective in authorizing residential electronic systems providers to distribute their products. Before the Covid pandemic, one research report was predicting that the smart home market, which was valued at $24 billion in 2016, would grow to over $65-$75 billion by 2025. As younger, more tech-savvy professionals become new homeowners, their requirement for smart home technologies will drive robust growth for many years beyond 2025. Moreover, the industry outlook has become even more favorable since the pandemic. The company is currently experiencing a significantly increased demand for its services because of homeowners' new focus on adding high-end amenities to their residences, as well as the migration of affluent New York City residents to the areas it serves. These factors were instrumental in a 15% increase in cash flow from 2019 to 2020 -- despite being unable to operate for 2+ months in 2020 due to the lockdown. The owner is projecting a sales increase of at least 10-15% in 2021 vs. 2020.

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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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