Business Summary:
This is a B2B security service, installation business that is growing and will not last on the market. Established in 2005 this company quickly gained momentum in the Tampa Bay area as experienced professionals in custom design and cost effective loss prevention systems. It is ranked as a top distributor of closed circuit television surveillance systems. There is always demand for internal loss prevention systems. The current economy has created an even higher demand for overall theft control. The business has discretionary earnings of $374,048 servicing the Tampa Bay market. The company methodologies and business proposition lends itself to opening satellite operations, franchising, or growth through joint ventures. A new energetic innovative buyer could set up a nationwide distribution network through outside sales representatives and expand operations driving revenue and generating increased earnings. In addition the business has a third party leasing program allowing customers to lease rather than own equipment. Technological advances are constantly being made in the industry making equipment obsolete and unserviceable. Customers are able to lease equipment and at the end of the lease buy the equipment or renew the lease with new equipment installed. At current time the company has an outstanding backlog of approximately $1.6 million to $1.7 million in renewable leases with a renewal rate of approximately 75%. The out years of the company will recognize the revenue stream generated from these third party renewable leases. This is a golden opportunity with a growing company in a large high demand industry. The electronic security industry is expected to reach $4.6 billion by the end of 2010 according to NBFAA. The owner is confident of the success of a new buyer and is willing to provide secondary standby financing to meet SBA guidelines or finance 50% of the sale for a qualified buyer.
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| Year
Business was Established: 2004 |
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| Number of Employees:
1 |
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| Facilities / Terms of Lease:
Business is located in a small office space that is easily relocated current office space is approximately 1,200 sq. ft. with a base rent of $1,400 |
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| Potential
Growth/Expansion:
The business has a professional informative web site to help generate sales leads. They also rely on referral sources from existing customers and their reputation of quality, reliability, competitive pricing and excellence in customer service that exceed expectations. |
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| Competition:
According to NBFAA the market for electronic security is projected to increase 3.8 percent per year through 2010 reaching $4.6 Billion. The security market is large and relatively free of a dominant competitor. The Company offers unique customized solutions and a wide range of underserved areas of opportunity. |
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| Owner
willing to finance:
$400,000 @ 8% for 60months |
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| Reason for selling:
Other Business Interest |
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Seller Reference Number: 4215-3297
BusinessMart.com Listing Number: 70373 |
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