Nationwide Home Automation Business - Ready for new Owner

Denver, CO (Adams County) (Relocatable)

Seller Financing Available
Nationwide Home Automation Business - Ready for new Owner

Asking Price:$255,000

Cash Flow:$125,038

Gross Revenue:$814,927

EBITDA:$98,038

FF&E:$20,000

Inventory:$35,000

Rate/Sq. Ft.:$3,000.00

Established:2005

Nationwide Home Automation Business - Ready for new Owner

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Business Description

Motivated seller!

11 year old home automation company in search of new owner to grow the business. We have systems in 7 countries and nearly every state. Clients find us online and we create a custom proposal for them over phone/email. Jobs range from $5k-$450k.

We have partnered with a manufacturer to sell a premium custom branded automation system which sets us apart from our competition.

The current owner has started a new venture and is ready to move on. Sales have exceeded $1mil with profits over $250k in the past, but in the past three years sales have slowed as marketing has been turned off and the focus of the employees is to complete projects and grow the new company.

Gross income YTD is $766k. However, without new marketing efforts 2017 would see a sharp decline in income.

The owner wants his customers to be taken care of and would like to see the company succeed in the future. Employees can either come with the company or be moved into the owner’s other company. The lease can either be transferred to the new owner or the current owner will assume it.

The sale price is well below market value in hopes of finding the right owner. This owner should be tech savvy, prioritize customer service, and have the resources to initiate a new marketing plan to generate new sales.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
2,500
Lease Expiration:
12/31/2020
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
We are 1 year into a 5 year lease. It's a 2500sq ft show room (all wired) and office space we built that is 15 minutes from the Denver airport. Other assets include a 2015 branded trailer, $35k in inventory, $15k in furniture and fixtures, highly developed website with thousands of backlinks, 30+ 5-star reviews, custom software backend, and much more. We will support the new owner in relocating and can take over the existing lease if needed. We have not developed the local Colorado market so moving to another state will not be an issue.
Competition:
There are local home automation dealers in many markets, but no direct competitors that are nationwide in the high-end space. The market is growing quickly and tied to new home builds. Consumers are getting more and more familiar with home automation and demanding technology in their homes.
Growth & Expansion:
As of 2016 we have stopped marketing the business due to lack of time (we have been transitioning to a new business). This business can be expanded locally or nationally.
Financing:
Open to seller financing up to 50% for the right buyer.
Support & Training:
We want the business the succeed. We are willing to offer up to 3 months of training to get the new owner comfortable with all aspects of the business.
Reason for Selling:
Pursing other interests.

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Business Listed By:
Josh Ferguson

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