Annual Revenue: $988,600
Net Cash Flow: $263,138
Location: New York
This NY metro area business has been established for over 20 years, earning a reputation as a preeminent resource for the best Home Entertainment Systems, including A/V, Music Lighting, & Climate Control, Computer Networking, Surveillance Systems, & Smart Home Automation Systems. Homeowners, as well as architects, interior designers, and builders, call upon the company for its services. In creating custom solutions tailored to each client’s individual needs, the company draws upon its broad array of vendors, some of which are highly selective in authorizing residential electronic systems providers to distribute their products. The company is also known for providing responsive support both during and after completion of projects, as well as for ongoing maintenance and monitoring services, which provides an annual recurring revenue stream. A cornerstone of the company’s success has been its top-level personnel, who maintain current certifications. 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. The industry is projected to generate annual revenue increases of 20+% in the next 3-5 years. As younger, more tech-savvy professionals become new homeowners, their requirement for smart home technologies will drive robust growth well into the next decade. The buyer of this business will be well-positioned to capitalize on the explosive growth in the industry by “inheriting” a stellar brand.
Training & Support:
Seller will provide support to facilitate a smooth transition.