MergerPlace

20+ Year Audio / Video Company

Cincinnati, Ohio (Hamilton)


  • Asking Price: $595,000
  • Gross Income: $1,010,000
  • Cash Flow: $190,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $85,000
  • Listing ID: #224921
  • Established: 1998
  • Employees: 5

Business Description

The retirement aged owner of this business just enjoyed the best July - December 2020 and full year sales volume in the company’s history – over $1,000,000. The best news for buyers is that the orders have been placed and deposits have been accepted, but the installation of many of the jobs will not take place until 2021. 2021 is gearing up to be a fantastic year. The company provides audio and video services to homeowners along with home theaters and outdoor installations. The business is offered as an asset purchase, free and clear of debt. The owner will train in all aspects of the business and will be available to ensure a smooth transition. Highlights include:

SBA loan qualified
No accounts receivable issues
Industry proposal software utilized
Sales deposits will transfer to buyer
Price includes $85,000 of equipment
Over 50 years of employee service to company
Over $400,000 sales orders scheduled for 2021
Little to no marketing – much growth potential
Price includes 2 wrapped service vans and 1 auto
Clean books & records – all numbers are verifiable


Business Details

Primary Business Category: Contractors - Special Trade
Location: Ohio
Metropolitan Area: Cincinnati
County: Hamilton

Company Information

Year Established: 1998
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 5

Financial Information

Asking Price: $595,000
Gross Revenue: $1,010,000
Cash Flow: $190,000
EBITDA: $190,000
FF&E: $85,000
Seller Financing Available: No

Property Information

Facilities:

The company operates out of a 2,000 square foot facility which is comprised of offices, a showroom, and a shop.

Growth & expansion opportunities:

The company has done little to no advertising. Joining the SW Ohio and Northern Kentucky Homebuilder’s Associations along with advertising on social media would go a long way in increasing sales revenue even further.

Competition:

The company was founded over 20 years ago with the goal of providing excellent music throughout the home. It led the way and has sparked many of the whole house audio solutions available in the industry today. Quality, appearance, and ease of operation ensure that the company delivers a system that brings music and movies to life.

Reason for selling:

The owner is of retirement age.

Support & Training:

The owner will train in all aspects of the business and will be available to ensure a smooth transition.

Contact Business Seller

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Business Listed By:

Dan Long

Cincinnati Business Brokers