||Employees||1 full, 1 part
* Included in Asking Price
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
Support to Buyer: 30 Day Transition and 20% Seller Financing
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.
Owner Profit/Cash Flow
Growth/Sales Trends: 24% increase in Gross Sales from 2013 to 2014!
Profit Margin: 36%
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
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|
Seller Reference #SER021
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