SAN JOSE, California
| Asking Price |
$940,000 |
Year Established |
2008 |
|
| Annual Revenue |
$782,303 |
Reason for Selling |
Retirement |
|
| Annual P/L |
$0 |
Attention |
|
|
| Annual Cash Flow |
$250,471 |
Listing Number |
1009197 |
|
| # of Employees |
6 |
Business Category |
Services: Security, Surveilance |
|
Business Overview:
The services offered include low voltage cable installations, IT support, and system maintenance. The company specializes in installing surveillance systems for commercial clients, which include multi-building apartment complexes, HOA’s, hotels, strip malls, restaurants, hospitals, and municipalities. Notably, there are multi-year contracts in place with neighboring cities! This company is based in the San Francisco Bay Area with approximately 80% of projects being local, 15% would be regional, leaving the remaining 5% on the national scale. The team consists of six full-time employees, including an operations Manager, two low voltage cable installers, two IT staff members, and one Bookkeeper/Admin. The company also works with two crews of independent contractors to handle larger projects or peak demand periods. The Operations Manager handles day-to-day tasks and ensures that the business continues to run smoothly. The seller oversees the company’s operations and is responsible for strategic planning and decision-making. However, this opportunity has provided a great work-life balance allowing the current owner to live out of the country part time. The reason for sale is to plan for retirement and in order to ensure a smooth transition for the new owner, the seller is willing to provide training for up to 1-2 years after the sale. Priced at $940,000, a buyer will need $94,000 of unborrowed funds. There are several growth opportunities that can be pursued by the new owner. These include expanding into temperature scanning camera installations and video monitoring services as well as exploring vertical markets like fire alarm installation and smart home systems integration. Additionally, there is potential for expanding into government and municipal contracts to further increase revenue streams. By capitalizing on these opportunities, the new owner can build upon the existing foundation and drive continued growth for the business. Catering to commercial businesses in the San Francisco Bay Area, the company has built a reputation for providing reliable and efficient surveillance system installation services to various industries, including property management, hospitality, healthcare, and retail.
Property Features and Assets:
Market Competition and Expansion:
<p>Increase installation of temperature scanning cameras and video monitoring, expand to vertical markets (fire alarm installation, smart home systems, etc.), add government & municipal contracts<br></p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity