Hot Listing

Electronic Security & IT Contracting Service Company in W. IL

Asking Price$2,000,000

Cash Flow
$538,000

EBITDA$428,000

Gross Revenue$1,046,000

Inventory$20,000
Included in asking price
FF&E$120,000
Included in asking price
Real EstateNot Disclosed

listing imageSave
Hot Listing

Electronic Security & IT Contracting Service Company in W. IL


Asking Price$2,000,000

Cash Flow
$538,000

EBITDA$428,000

Gross Revenue$1,046,000

Inventory$20,000
Included in asking price
FF&E$120,000
Included in asking price
Real EstateNot Disclosed


Seller Financing Available
Business Description
Background & Business Opportunity:
Founded in 2002, the Business is family-owned and is a leading provider of surveillance camera systems, access control, computer network, and fiber optic installations throughout Iowa and Illinois. The business serves school districts, law enforcement, city/county governments and commercial businesses. (This is NOT an alarm company.)

EBITDA and SDE values displayed are for year ending 2024.
In addition, the Business also specializes in large-scale audio system design and installation for commercial customers' sporting and motorsports venues throughout the United States.

The business is averaging $500K+ per employee per year (industry average sales per employee is $250K).
Current owner spends 50% of time out of state.

Optimal Transition Profile:
- Sellers are committed to ensuring a smooth transition for the new owner including remaining engaged in the business for a year or longer, depending on the buyer circumstances.
- Sellers' are also committed to ensuring their long-standing customers and supplier partners are in good hands with a new owner and that the succession includes a business culture based on value for value relationships.

Optimal Buyer Profile:
- Existing IT, electrical or building trades related contractor.
- Capacity to scale technician hires and/or deploy current trainable tech staff to new profit centers.
- Capacity for new product offerings and new product training from seller.
- Midwest footprint with deployed resources that can be leveraged to expand current business geographic reach to proven sales channels.
About the Business
Years in Operation
23
Number of Employees
5
Facilities & Assets
The entire operation will require to be moved to a new location. Seller wishes to keep the current property for personal use.
Website
http://www.marigold.mobi/dmvs
Opportunities for Growth
With the Seller's first to market non-proprietary door monitoring video system (DMVS) integration solution with exclusive 11-state Midwest market proven supplier, Seller has increased profit margins considerably from 24-40%. So far every prospective new customer and current customer who has been presented the DMVS solution has either acquired it from the Seller or is in current stages of planning/budgeting for the solution. This solution averages a baseline $74k implementation plus hardware add-ons.
About the Sale
Seller Motivation
Retirement. Business needs new strategic buyer to scale.
Transition Support
Sellers are willing to work with new owner at least through 2025 to fully transition the business and customer relations to the new owner.
Financing Options
Seller willing to finance up to 50% of the purchase price.
Listing Info
ID
2312061
Listing Views
2739

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: Chris Barnard Marigold Resources

Listing ID: 2312061 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.