Home Automation and Energy/Security Company

Charlotte, NC (Mecklenburg County)

Seller Financing Available
Home Automation and Energy/Security Company
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Asking Price: $1,300,000

Cash Flow: $322,380

Gross Revenue: $1,407,510

EBITDA: N/A

FF&E: $75,000

Inventory: $20,000

Established: 2001

Home Automation and Energy/Security Company

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Business Description

When the owner started this company in 2001, he saw an opportunity to provide superior service to clients who wanted and needed help with the installation and integration of residential entertainment, automation systems and other technology solutions. The company has expanded significantly with additional products in the residential market while also expanding into the commercial market, working with developers and builders.

The result is a profitable, leading residential home and commercial technology automation, installation and service company catering to high-end residential and commercial clients in the greater Charlotte area. The company has enjoyed consistent growth over the last several years and currently has a very healthy schedule of future projects booked for their clients. The company has hundreds of clients on monthly recurring service agreements, that generate consistent cash flow every month.

The business has a significant pipeline of business for 2019, with contracts in place. A great business in a growing industry, a new owner will be able to take this business to new heights.

Business has been pre-screened for SBA financing over 10 years for qualified buyers with only a $220,000.00 down payment .

Detailed Information

Location:
Charlotte, NC
Inventory:
Included in asking price
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business occupies just over 3,000 square feet. Lease thru mid-2021 with 5 year option.
Competition:
As in most markets this size, there are a few good competitors, but few match the breadth and depth of the offerings in both residential and commercial markets. Demand remains high as clients are integrating technology into their homes more and more every year. The company has a well-established reputation as one of the oldest technology and system integrators in the Charlotte market.
Growth & Expansion:
Owner has multiple options for growth that will be shared with qualified buyers.
Support & Training:
Seller will work with new owner to train and prepare new ownership for an agreeable period of time. Seller will agree not to compete for 3 years within a 25-mile radius.
Reason for Selling:
Other interests after 17+ years in the business
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(from currently available funds)
 
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Adam Petricoff

Business Listed By:
Adam Petricoff

VR Mergers & Acquisitions - Charlotte

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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