Security Services Business - $125,700 Cash Flow
Location Indiana,United States
Asking Price Range $250K - $500K
Gross Revenues $542000
Net Profit / Cash Flow $129000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1984
Number of Employees 20 - 34
Relocatable Not Disclosed
Number of Employees 20 - 34
Real Estate Leased
Reason for Sale The Owner Would Like To Relocate
Description The Company is a fully licensed and bonded security company serving Northwest Indiana. Guard service is the primary function provided by the company. The company also provides other security related services including support services during labor disputes and investigation and surveillance services. They also offer consulting services, based on an hourly rate, for companies that require a thorough review of their current security procedures.
The management staff is well trained in both security services, as well as law enforcement. They have the professional ability to evaluate all areas of protection, addressing security concerns regarding both company assets and personnel. They tailor their security programs to fit the specific needs of each client. Some of their clients have short-term requirements, while other larger clients have long term, 24/7, requirements.
Current staffing levels include 30 employees consisting of 15 full time and 13 part time guards and 2 management personnel (including the owner).
The company is offered for sale on an asset basis at $300,000. This price represents a multiple of approximately 2.4 times the 2003 Seller Discretionary Cash Flow. The sales price includes net current assets valued on the 12/31/03 Balance Sheet at $36,600 (trade accounts receivable of $52,300 net of wages payable of $15,700). The purchase price will be adjusted up or down at closing on a dollar for dollar basis based on changes in these working capital values.
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