Annual Revenue: $1,039,921
Net Cash Flow: $217,371
Location: NY Metro Area, NY
This business has been established for many years, earning a reputation as a preeminent resource for the most sophisticated home entertainment, automation, lighting, climate control, computer networking and surveillance systems. Homeowners, as well as architects, interior designers, cabinetmakers and builders call upon the company for its services. In creating custom solutions tailored to each client’s physical environment and budget, the company draws upon a broad array of audio, video, lighting, electronics and automation system manufacturers, some of which are highly selective in authorizing residential electronic systems providers to distribute their products.
The company is known for providing responsive support both during and after completion of projects. Clients can also contract for ongoing maintenance and monitoring services, which provides an annually recurring revenue stream. A cornerstone of the company’s success has been its well-trained personnel, who maintain current certifications by the Custom Electronic Design & Installation Association (CEDIA). A high volume of repeat patronage from past clients, coupled with a continuous stream of referrals from design and building professionals, has driven very favorable profits.
An online search will yield substantial data about the outstanding forecast for the smart home industry. One research report is predicting that the market, which was valued at $24 billion in 2016, is projected to grow to over $53 billion by 2022. As younger, more tech-savvy professionals become new homeowners, their requirement for smart home technologies will drive robust growth for many years beyond 2022. The buyer of this business will be well positioned to capitalize on the explosive growth in the industry by “inheriting” a preeminent brand. Seller will provide support to facilitate a smooth transition.