Business Overview

The company was founded in February of 2003 and is a leading systems integrator of home automation and theatre services in the Collier County area of Florida. They founded a second company which is being sold with the home automation business and operates as an independent business that designs and integrates lighting and automated shade systems and supplies LED fixtures and retrofits. The companies operate as separate divisions with an integrated back office, staff and utilize the same installers for projects. The customer base is largely comprised of residential homeowners with referrals coming from existing clients, speciality contractors, customer homebuilders and designers. The companies operate out one building and is 3,600 under air, with a total of approx 4,400 sq. ft. There are 8 company vehicles included. FIGURES QUOTED THIS YEAR ARE TO JUNE 2021, figures in section 2 are for full 12 months June to June 2021. For full financials please contact listing Broker.
Proof of Funds or pre-qualification letter from SBA required with POF, and SIGNED NDA
prior to information being sent out.

Financial

  • Asking Price: $2,600,000
  • Cash Flow: N/A
  • Gross Revenue: $1,961,000
  • EBITDA: $761,400
  • FF&E: $500,000
  • Inventory: $200,000
  • Inventory Included: Yes
  • Established: 2003

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:4,400
  • Lot Size:N/A
  • Total Number of Employees:9
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Fully equipped facility with offices

Is Support & Training Included:

The owner will give 4 weeks training free of charge

Purpose For Selling:

Retirement

Pros and Cons:

See data in the presentation

Opportunities and Growth:

Plenty of room for expansion, the company gets many referrals

Additional Info

The business was established in 2003, making the business 19 years old.
The deal does include inventory valued at $200,000, which is included in the requested price.

The business has 9 employees and is located in a building with approx. square footage of 4,400 sq ft.
The building is leased by the company for $5,500 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why people choose to sell businesses. However, the real factor vs the one they tell you may be 2 absolutely different things. As an example, they might say "I have way too many various obligations" or "I am retiring". For many sellers, these reasons stand. But, for some, these may simply be excuses to attempt to hide the reality of transforming demographics, increased competition, current reduction in profits, or a variety of various other reasons. This is why it is extremely vital that you not depend completely on a vendor's word, yet instead, make use of the seller's answer in conjunction with your general due diligence. This will paint an extra sensible picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses borrow money in order to cover things such as supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can imply that profit margins are too tight. Numerous organisations come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that need to be satisfied or may lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area bring in new customers? Most times, operating businesses have repeat customers, which develop the core of their daily profits. Particular aspects such as brand-new competition growing up around the area, roadway building, and staff turn over can influence repeat consumers and also adversely influence future incomes. One vital point to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Obviously, the more individuals that see the business regularly, the higher the possibility to construct a returning consumer base. A final idea is the general area demographics. Is the business placed in a densely inhabited city, or is it situated on the edge of town? Exactly how might the neighborhood average home income influence future revenue prospects?