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Security Services for Sale in Tampa Bay Area

Reference #: 42153297
Location: Tampa Bay Area
Price: $795,000
Amount Down: $395,000
Revenues: $588,553
Discretionary Earnings: $374,048
Total Assets: $0
Business Description:


This is a B2B security service, installation business that is growing and will not last on the market.  Established in 2005 this company quickly gained momentum in the Tampa Bay area as experienced professionals in custom design and cost effective loss prevention systems.  It is ranked as a top distributor of closed circuit television surveillance systems.  There is always demand for internal loss prevention systems.  The current economy has created an even higher demand for overall theft control.  The business has discretionary earnings of $374,048 servicing the Tampa Bay market. The company methodologies and business proposition lends itself to opening satellite operations, franchising, or growth through joint ventures.  A new energetic innovative buyer could set up a nationwide distribution network through outside sales representatives and expand operations driving revenue and generating increased earnings.  In addition the business has a third party leasing program allowing customers to lease rather than own equipment.  Technological advances are constantly being made in the industry making equipment obsolete and unserviceable.  Customers are able to lease equipment and at the end of the lease buy the equipment or renew the lease with new equipment installed.  At current time the company has an outstanding backlog of approximately $1.6 million to $1.7 million in renewable leases with a renewal rate of approximately 75%.  The out years of the company will recognize the revenue stream generated from these third party renewable leases. 



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The information above has been provided by the seller and/or the seller's financial advisors and has not been verified by this independently owned office, its representative, or VR. This independently owned office, its representative, and VR make no warranty regarding the accuracy of this information and advises prospective buyers to conduct their own due diligence prior to purchasing any business.