Electronic Security & IT Contracting Service Company in W. IL
| Asking Price: | $2,000,000 |
| Gross Revenue: | $1,160,000 |
| FF&E: | $120,000 |
| Cash Flow: | $480,000 |
| EBITDA: | $370,000 |
| Established Year: | 2002 |
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.)
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.
