Business Overview

The Company is a leading provider of state-of-the-art technology solutions for commercial audio-visual solutions. The company specializes in designing and installing systems in the corporate, healthcare and education markets. Sales for 2021 are on track to exceed $4,500,000 with a SDE of $450,000 (after Covid effected 2020 results). The company occupies headquarters and warehouse space in the St. Louis Area. For more information, call Brian Jones at 314.960.6063 or info@premierbb.com.

Financial

  • Asking Price: $1,300,000
  • Cash Flow: $86,066
  • Gross Revenue: $3,283,893
  • EBITDA: N/A
  • FF&E: $222,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1978

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:9,600
  • Lot Size:N/A
  • Total Number of Employees:10
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Building Own 9,600 sq. ft.

Is Support & Training Included:

Yes

Purpose For Selling:

Retiring

Opportunities and Growth:

To Expand Markets & Products

Additional Info

The business was started in 1978, making the business 44 years old.

The company has 10FT/1PT employees and is situated in a building with estimated square footage of 9,600 sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons people decide to sell companies. However, the real reason vs the one they tell you might be 2 absolutely different things. As an example, they might say "I have a lot of various obligations" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might simply be excuses to try to hide the reality of changing demographics, increased competitors, current decrease in earnings, or a variety of various other factors. This is why it is really essential that you not depend entirely on a vendor's word, but instead, use the vendor's answer in conjunction with your general due diligence. This will repaint a more sensible image of the business's present scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Many businesses finance loans in order to cover points such as inventory, payroll, accounts payable, and so on. Remember that occasionally this can imply that profit margins are too small. Numerous organisations fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that must be met or might result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area draw in new consumers? Often times, businesses have repeat customers, which form the core of their day-to-day profits. Specific variables such as brand-new competition sprouting up around the location, road building and construction, as well as personnel turn over can affect repeat clients as well as adversely affect future profits. One essential thing to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business often, the greater the opportunity to construct a returning client base. A final idea is the general location demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? Exactly how might the local median family earnings impact future earnings prospects?