Owner of over 50 Year Audio Visual Integrator Ready to Retire

Texas
Audio Visual Control Room
Asking Price:$1,625,000
Gross Revenue:$3,734,000
Rent:$7,705/Month
Established Year:1956
Cash Flow:$214
Inventory:$789,000
FF&E:$250,000
BUSINESS DESCRIPTION

The company has been providing audio/visual design, installation, and maintenance services to South and Central Texas for over 50 years. Their experience includes design and installation of cutting-edge systems for education, business, and government organizations. The company maintains relationships with hundreds of vendors so they are able to recommend products that specifically address the needs of their customers. The company's designers are capable of providing consulting, design, and sales services for projects all across the country.


DETAILED INFORMATION
Location
Texas
Inventory
Included in asking price
Real Estate
Leased
Building SF
7,357
Lease Expiration
31/12/2025
Employees
17
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
All furniture, fixtures and equipment are included with the sale. The business owner owns the facility and it may be leased or purchased at a market rate. All assets, including the facility are maintained well and provide a clean working environment for employees.
Competition
The company does business primarily in the Central & South Texas areas. There are pockets within the region that have very little competition, while others are more competitive. The company considers 3 other companies as consistent competitors, with each having strengths and weaknesses.
Growth & Expansion
The audio visual market remains strong with an expected Cumulative Average Growth Rate of 5.08%. We believe the Texas market will significantly outpace this national growth rate based upon the growth in the area compared with other parts of the country. We also believe infrastructure in the way of schools, churches, municipalities, and all types of businesses will take many years to catch up to growth that has already occurred. Technological changes will also be a significant driver of growth.
Financing
none
Support & Training
The owner is willing to provide support for 60 days after closing and can be available for additional support thereafter if necessary.
Reason for Selling
The owner is ready to retire.
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Gary Weinman
Gary Weinman