This Business can be owned by an absentee owner or a security company that is looking to expand its portfolio of stable long-term clients. It is well run with state-of-the-art systems and procedures. Very clean operational liability and WC record.
The Company is a California-based provider of Security Services, providing 24/7 security guards and patrol operations for a wide range of clientele. This is a people-based business whose operations involve efficient management of security guards and monitoring the quality of the security services provided by them through supervision and training. The company leverages its contacts and relationships with various police departments in the US and mostly hires off-duty police officers that are well-trained and have the necessary licensing.
The company currently generates all of its revenue from California and currently looking into expanding in other states such as Tennessee, Alabama, Arkansas, Nevada, New York, and Illinois. It has a strategy to solicit local contracts from large customers, which have the potential to evolve into large national contracts. Currently, the Company has NO high client concentration. On the contrary, the business is very diversified not only in terms of client concentration but also in terms of industries that they serve, a fact that reduces potential business risks and insulates from potential economic downturns or specific industry crashes. Majority of client accounts have long term contracts that have been with the company for almost 20 years and consider the Company as a preferred Vendor.
Company has all the experienced staff in place required to run the company very efficiently and willing to stay on after sale. The staff is very loyal, several of which have been with the company for 25 years. The average length of employment for the guards is 10 years. The business also has the necessary PPO licensing, held by one of the staff members who will stay with the business after sale until the new owner gets his own license.
Great opportunity for growth not only by Geographic expansion, but also by adding new services such as camera surveillance services and drone surveillance and security.
It is estimated that the Security Service industry will continue to grow significantly over the next five years and the resulting higher demand is likely to create a favorable environment for security companies. The company’s extensive experience, reputation in the marketplace, personal relationships and favorable market conditions make it an attractive acquisition target that can provide numerous benefits to the acquirer.
Owner will help with transition/training - Excellent