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Asking Price$240,000
Revenue | $298,358 |
Established | 2000 |
Cash Flow | $107,224 |
Employees | 1 full, 1 part |
FF&E | $7,000* |
Franchise | No |
Inventory | Undisclosed |
Relocatable | Yes |
Real Estate | Undisclosed |
Home-based | No |
* Included in Asking Price
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Banks, jewelers, hospitals, and several other business types utilize the services of this 15 year old business for financial and security equipment. The business serves a client base throughout the Midwest. Services provided are divided into banking products (including ATMs, vault and vault doors, safe deposit boxes, bullet-proof glass, security windows and pneumatic tube systems for drive ups) and security systems (including camera surveillance, access control and alarms).
Clients can choose from pre-designed or custom-made units to meet individual need. Relationships with a variety of manufacturers allow for the creation of packages with the best equipment from each line, while competitors may be restricted to a single vendor line.
Owner responsibilities include sales and technical assistance. Seller is not working full time on the business. Two part time employees (1 service person and 1 bookkeeper) are in place. Installations are subcontracted out.
Cash flow has increased year over year with a 2014 profit margin of 36%. With the initial investment of $24,000; a Buyer would have a 243% Return on Investment in year one after all expenses were paid.
Reason for Selling: New Business Ventures Personnel: 2 (1 service and 1 PT bookkeeper) and several installation subcontractors Hours: M-F 8-5 History: 2000 Support to Buyer: 30 Day Transition and 20% Seller Financing Additional Information:
Services: Banking products (including ATMS, vault and vault doors, safe deposit boxes, bullet-proof glass, security windows, and pneumatic tube systems for drive ups) and electronic security systems (including camera surveillance, access control, alarms)
Clients: Include financial institutions, jewelry stores, hospitals, utility companies
Growth Opportunities: Additional sales/marketing efforts for new client opportunities. The Business currently gains additional sales via existing clients or word of mouth.
Current Owner’s Responsibilities: Sales and technical assistance, although the Seller is not working full time on the business.
Financial Overview Gross Sales 2014: $298,358 2013: $224,572
Owner Profit/Cash Flow 2014: $107,224
Growth/Sales Trends: 24% increase in Gross Sales from 2013 to 2014!
Profit Margin: 36%
Multiple: 2.9
Fair Market Value: $310,950 - There is a price reduction of $70,950 to a Buyer due to the Seller’s desire to sell and begin his next venture
Assets Included in Purchase: Office Furniture & Ladders: $7,000 *amounts may vary
Funding Example Purchase Price: $240,000 10% Buyer Down Payment: $24,000 20% Seller Financing: $48,000 70% Bank Loan: $168,000
This would have the ability to go SBA Express which is quicker and less expensive for a Buyer!
Facilities: | Location and Service Area: Omaha with clients
throughout the Midwest |
Growth Potential: | Additional sales/marketing efforts
for new client opportunities. The Business currently gains
additional sales via existing clients or word of mouth. |
Training/Support: | 30 Days Post-Close |
Seller Financing: | 20% Seller Financing: $48,000 |
Sale Reason: | New Business Ventures |
Ad #78532
Seller Reference #SER021
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