6008-12833 Audio-Video Installation & Service

Undisclosed Address, Texas
Business Opportunity for Sale
Catylist Listing ID: 30041252
Property Subtypes: Business Services
Building Size (RSF): See Agent
Sale Price: $1,725,000
Year Business Established: 2002
Gross Revenue: $1,536,867 (Annual)
Cash Flow: $542,613 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 8/1/2017

Overview / Comments

High End audio/video business is perfect for buyers who can truly appreciate the value of a high performance B2B business with significant turnaround growth potential. Business engages in the practice of installing video/audio systems for fortune 500 company conference rooms consisting of conference room design, video teleconference and interactive conferencing. Business is leveraging its well established position in the rapidly growing audio/video business where it has thrived for over 14 years now. Business excels in the sales and installation of high end audio/video equipment including video conferencing and sound masking solutions for Fortune 500 Companies. Presently, 90% of its revenue comes from a single long term customer relationship of over 14 years. It has many competitors but is often time the only bidder on its large customer contracts. All sales to date are from referrals. Highly skilled professional sales, installation and support staff set them apart. Could exceed $2.5M in revenues in 2017 based on a forecast of likely funded projects. Seller seeks thought partner and investor who can help him grow the business.

Additional Details

Industry Segment: Other Business Services
Reason for Selling: Seller wishes to pursue other interests.
Value of Inventory Included ($): $10,000
Value of Furniture, Fixtures, and Equipment ($): $375,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Business operates out of a office park and in leased space.
Employee/Labor Description: 3 FT/1 PT. Monday-Friday 8am-5pm.
Mgmt/Training Support Description: Will train for 4 weeks @ no cost. Buyer should have operational skills and expertise with electronics acumen. No license is required to operate this business. Depending on deal terms, seller will provide on-site training for at least 60 days and may be available for remote or telephone based support for an extended period of time. Owner has expressed a willingness to stay on board for an indefinite period of time after the sale to facilitate a smooth transition.
Competition/Market Description: Company has several competitors and is surprisingly, often times the only bidder on key contracts. Highly skilled professional sales, installation and support staff set them apart from their competition.
Growth/Expansion Opportunities: Company is well positioned to continue benefiting from corporate cost cutting and operational efficiency related initiatives. It is High End audio/video business that is perfect for buyers who can truly appreciate the value of a high performance business. The business excels in the sales and installation of high end audio/video equipment including video conferencing and sound masking solutions for Fortune 500 Companies. The industry remains in a growth mode and continues to be driven by corporate cost cutting and operational efficiency initiatives.
Seller Financing Description: $1,525,000 Down/ $200,000 for 60 mos. @ 6%.

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,583 3,043
Median Age: 44.09 40.43
Households: 670 1,228

Contact

Photograph of Listing Agent

Chuck Green

Murphy Commercial Realty
© Copyright Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.