Maryland Security Services Co. with Contracted Revenue (4020)
| Asking Price: | $1,900,000 |
| Gross Revenue: | $1,200,000 |
| Established Year: | 2007 |
| Cash Flow: | $310,000 |
| FF&E: | $90,900 |
Founded in 2007, this home-based company is well-known for delivering top-tier security services across sectors such as government, healthcare, and finance. With strong, long-term client relationships and a high retention rate, about 95% of its revenue comes from contracts, ensuring a stable income. Backed by 17 years of experience, the company has built a solid reputation for reliability and service quality. The main monthly expenses are staffing and insurance costs. The company invoices $20k-$23k per week to its contract clients. The seller is open to seller financing.
Investment Highlights
Sales/Earnings
2023: $1.2M revenue, $310K SDE
2022: $1.1M revenue, $180K SDE
Strong revenue growth, achieving a YoY% (2022-23) growth of 10.6%
Customers
The company provides security services to a diverse range of clients. Through long-term contracts, some of which have been in place since its founding.
The company has developed a strong reputation for reliability and adaptability, with many agreements averaging between 4 to 5 years.
Team & Assets
The company employs 26 full-time guards, 90% of whom have been with the organization for five to six years, earning an average hourly wage of $17.40.
Two guard managers oversee multiple sites, and all guards are insured under the company, as required by licensing.
As of December 31, 2023, the book value of the company's fixed assets is $90.9K, including one Kubota and two security trailers.
Growth Opportunities
The company has significant growth potential through a structured marketing strategy to boost visibility and attract more clients.
Expanding services to indoor events and entering neighboring states like Delaware can further enhance its client base and market presence.
