Hot Listing
Electronic Security & IT Contracting Service Company in W. IL
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.
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
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.
Businesses for SaleIllinois Businesses for SaleIllinois Manufacturing Businesses for SaleIllinois Electronic Equipment Manufacturing Businesses for Sale