This is an incredible opportunity to acquire a commercial security services and installation company that is in demand and turning down work (they do not have security guards). They've been managing significant growth, to include doubling revenues from 2016 to 2017. 2018 already has a great 1st quarter with verified sales in place.
Ongoing, the main customers have 5 year contracts in place, with the primary having a 5 year monitoring contract as well. Current customers have locations outside of the US that this security company has the option to take on if desired.
The sellers are considered industry experts, and the founding principal understands he may need to stay on board for up to a few years to transition relationships and train future staff.
One of the company's greatest assets is that they have over 300 subcontractors nationwide who perform the work for the seller. They have W-9s and additional insured measures in place with all of the subs, and this business design allows the seller to be available to customers within 24 hours for installations and service. The company only employs a handful of staff to run the entire company, it's a very lean operation with extremely high margins.
Although centrally located for operations, because of the incorporation state of the entity, a buyer will be required to sign a buy side agreement along with a non-disclosure. Don't let this distract you from this excellent opportunity to obtain a company with a customer waiting list, 30%+ margins, staff in place, and industry experts as sellers willing to have a lengthy transition.
About the Business
Contact the Seller
- Year Established:
- Number of Employees:
Less than 10
- Real Estate:
Operations are run out of a warehouse facility, but a buyer doesn't necessarily have to be located on site. Operations Managers handle the day to day.
The sellers are industry experts and are in high demand. They have been turning away business until recently now that they have greater infrastructure in place.
Growth & Expansion:
There is a waiting list of customers, so growth is on the horizon, it's just a situation of hiring additional staff to handle more. In addition, International clients are desiring their services as well so a buyer may choose to expand globally as well.
About the Sale
- Reason For Selling:
The founding partner is of retirement age and would like an exit strategy.
The partners are willing to stay on board as necessary to transition relationships as consultants, or they would consider remaining as a minority partner for a few years.
- Seller Financing:
Financing a portion may be negotiated
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