Sales, Install & Service of Security Equipment - Business For Sale

6/wk

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