Security Systems Company with Significant Monthly Recurring Revenue

Charleston, SC (Charleston County)

Seller Financing Available
Security Systems Company with Significant Monthly Recurring Revenue

Asking Price:$900,000

Cash Flow:$304,396

Gross Revenue:$800,598

EBITDA:$304,396

FF&E:$45,000

Inventory:$7,500

Established:2001

Security Systems Company with Significant Monthly Recurring Revenue

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Business Description

This security system installation and maintenance company enjoys over $185,000 in recurring annual revenue with their monitoring accounts and is growing rapidly. Gross income shown is for full year 2015. 2016 revenue is up another 24% through July 31st and 2016 revenue is on track for $1 million. The company consistently has a month long backlog of installations that provide revenue and add to the growing recurring revenue base. The business has been prequalified with the SBA and the loan includes $85,000 in working capital that can be drawn down at closing and monthly debt service payments will be approximately 85% of the existing recurring monthly revenue providing the new owner with built-in debt service coverage. The company has long standing relationships with a solid base of commercial customers (91% of revenue is derived from commercial accounts) who are growing and fueling growth for this company.

Detailed Information

Inventory:
Included in asking price
Employees:
4 FT, 1 Contract
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is home based. (Home Based)
Competition:
Security system companies are plentiful but this company’s strategy of focusing on commercial customers has proven to be a winning strategy.
Growth & Expansion:
This business is growing and will continue to grow with a fully focused owner/operator. The company has a backlog of installations scheduled and has no sales and marketing program in place. A new owner, with a focused sales and marketing plan could significantly grow the business and with large security system companies paying 32 to 42 times monthly recurring revenue for monitoring accounts a focused owner who doubles the recurring revenue stream would create $1.4 million in value in the monitoring accounts alone not counting the value of the installation and maintenance side of the business.
Financing:
SBA Financing with $225,000 Down
Support & Training:
The current owners will provide 30 days of training and are willing to negotiate a period of assistance beyond 30 days for a consulting period that best suits the needs of the new owner and the current owner.
Reason for Selling:
Retirement
Home-Based:
This business is Home-Based

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Marc Williams

Business Listed By:
Marc Williams

Charleston Business Brokers

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