Priced agressively at $599,000 for a quick sale. Payback & P/E is less than 3 !! Reduced by $75K for a quick sale.
OVERVIEW: With the atmosphere in USA changing so rapidly, the need for security services are greatly expanding. This company is a long established provider of Security Services to various strip malls, commercial buildings, special events etc. It is located in the very desirable and sought after location of greater San Diego!
HISTORY: In business since 1988.
OPERATIONS - Operational Management, Field Supervision, full time and part-timer Guards are all in place. A lease with favorable terms is available for the current location, if desired. Company enjoys an excellent reputation, does virtually no marketing, gets most new business by word of mouth referrals, clients' expansions, etc.
EMPLOYEES range from 50-70, depending on needs of special events and regular customers. HOURS: Office staff Monday thru Friday 8am to 5pm Dispatcher Sat. and Sun. 8am to 5pm. 1 Dispatcher Sun. thru Sun. 24 hours. New owners will be required to have a Licensed Manager or need to be licensed.
EXPANSION- Possible areas of growth include marketing, adding other types of services, e.g. surveillance, investigations, process serving for courts, alarm installations, monitoring of alarmed buildings/ offices, etc.
COMPETITION- there is limited competition due to state licensing, large capital requirements, long established reputation in community, etc.
FINANCIAL DATA: Revenues have been approx $1,000,000 with net available cash to new owners in the range of $200,000-$225,000 p.a. Business Assets included- Approx $100,000, which include outright ownership of fleet of 7 custom patrol trucks, 30 hand held radios, 10 mobile radios, 1 base station, 125 sets of uniforms; office furniture, fixtures, computers, and other office equipment.
PRICE/ FINANCING TERMS: $599,000 negotiable. Confirmed available as of Sept 2007.