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





Security Systems Company with Significant Monthly Recurring Revenue

Get Financing Save Print Share Valuation Report

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

Included in asking price
4 FT, 1 Contract
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
This business is home based. (Home Based)
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.
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:
This business is Home-Based

Listing Statistics for Premium Members

Ad#:1295606 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

(from currently available funds)
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Marc Williams

Business Listed By:
Marc Williams

Charleston Business Brokers

Show Phone Number

View My Listings

Find out more...

Get more details about this business.

Similar Listings

All About People

Franchise Opportunity
Capital Required: $225,000