Business Overview:
This surveillance system installation company serves primarily commercial clients – apartment complexes, HOA’s, hotels, strip malls, restaurants, and hospitals! At a down payment of only 10%, a new owner would only be responsible for general oversight as the current owner lives out of the country 4 months of the year. Demand for surveillance systems is high in San Francisco – 51% of retail storefronts are currently unoccupied due to the pandemic, which means they want and need security and surveillance. With many opportunities for growth, a new owner could increase installation of temperature scanning cameras and video monitoring, expand to vertical markets (fire alarm installation, smart home systems, etc.), and add government & municipal contracts to further sales growth. Recently, this business has expanded services to add thermal monitoring for COVID. The company is focusing on recurring monthly revenue, which currently covers payroll expenses, prompting them to look for more service-based contracts, making sure each system has proper maintenance.
They are increasing installation of temperature scanning cameras and video monitoring, expanding to vertical markets (fire alarm installation, smart home systems, etc.) and adding government and municipal contracts would be perfect opportunities for revenue growth.
• Boasting a 33% profit margin in 2019, they are well-known in Northern California
• 80% of sales is in the San Francisco Bay area, 15% regionally, and 5% of their business is nationwide.
• Highly experienced team with everyone on the team having a 4+ year tenure
• Uses advanced tech like secure wireless camera networks, license plate capturing cameras and Point of Sale surveillance systems
The owner currently handles general oversight of the business and lives out of the country 4 months out of the year. The team is standardizing their service contracts to include both remote support and hands-on support, with an obvious preference for services they can provide remotely. Their camera systems offer real-time surveillance and video monitoring to ensure real-time protection.
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Property Features and Assets:
• Building: 500 square feet office space – low overhead
• Equipment: Drills, drivers, hammer drills, ladders, crimpers, wire cutters, pliers, screwdrivers, stapling equipment, conduit benders, cable testers, camera testers, laptops
• Vehicles: 2013 Ford Transit
• Intangible Assets: Well-known in the area, word-of-mouth referrals, well-established relationship with local law enforcement.
Market Competition and Expansion:
Increase installation of temperature scanning cameras and video monitoring, expand to vertical markets (fire alarm installation, smart home systems, etc.), add government & municipal contracts.
Reason for Selling:
Semi-retiring – lives out of the country part-time
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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