Annual Revenue: $745,592
Net Cash Flow: $221,069
Location: NY Metro Area, New York
This business has been established for over 20 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 individual needs, 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, 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 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. 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.