MergerPlace

Electronic Security Consulting Company

Ohio


  • Asking Price: Not Disclosed
  • Gross Income: $7,211,348
  • Cash Flow: $2,174,147
  • Real Estate: Not Disclosed
  • Inventory: $430,000
  • FF&E: $350,000
  • Listing ID: #203238
  • Established: 1988
  • Employees: 20 FT/2 PT

Business Description

The Company was founded in 1988 and began as a closed circuit TV company in Northeast Ohio. Their main business was in CCTV and card access that regulates building access and video controls. Over the years the Company has expanded to include electronic security, optical turnstiles, gunshot detection, perimeter detection radar and bio-metrics. The primary client base consists of high profile hospitals and utility companies. A recent contract covering a three state region, has resulted in increased gross revenue of 26% for 2017 and a projected increase of 150% for 2018 and beyond. New business is earned via referrals and repeat business due to an excellent reputation for efficiency and excellence.


Business Details

Primary Business Category: Services - Business
Location: Ohio

Company Information

Year Established: 1988
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 20 FT/2 PT

Financial Information

Gross Revenue: $7,211,348
Cash Flow: $2,174,147
FF&E: $350,000
Inventory: $430,000
Seller Financing Available: No

Property Information

Facilities:

The Company purchased a new 10,000 sq. ft. building in an industrial park in the Fall of 2016. They built in 5,000 sq. ft. of the space to consist of 5 offices, conference room, kitchen, 2 bathrooms and warehouse space. The warehouse has stairs leading to additional storage. There is space to add on approximately 5,000 sq. ft. to the building. A tenant utilizes the additional 5,000 sq. ft. under a 3 year lease that commenced in May, 2017.

Growth & expansion opportunities:

The addition of sales representatives and the introduction of marketing initiatives presents a large opportunity for growth. The federal government has passed stringent regulations to install electronic security products in hypermarkets, hospitals, airports, railway stations, hotels and malls. These regulations intent to provide enhanced security to reduce security breaches and attacks. Growing security concerns and the ability of companies to monitor inefficiencies are major factors contributing to the growth of the electronic security market. The commercial sector will dominate the market and is predicted to post revenue of more than 45 billion by 2020.

Competition:

There are 3 competitors in the marketplace.

Reason for selling:

Owner would like to reduce his work hours and focus on his other business.

Support & Training:

Will train for 8 weeks @ no cost. Products include Kantech, Software House, American Dynamics, Pelco, Boomerang Outdoor Shooter Detection System, FLIR, Anixter, ADI, Omega Door and WESCO to name few. Additionally, the Company is a Honeywell dealer.

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Business Listed By:

Tiffany Kert

Murphy Business Brokers