Sold – B2B Bank Equipment Sales and Service

Sold – B2B Bank Equipment Sales and Service

 

 

 

 

 

 

Summary
This B2B product sales and service business serves regional banks and credit unions on the Front Range. They specialize in custom security system design, hardware installation and maintenance contracts. Established in the early 2000s, this asset light business features numerous repeat clients, an ongoing book of new business and long-term employees who work autonomously.

Employees
4 FT technicians who work autonomously. One owner/manager.

Facilities
Supplies are stored at a leased facility in south Denver. The company’s technicians only visit the facility to pick up parts and supplies.

Financials
Asking Price: $995,000
Included in the Asking Price: Equipment and inventory worth $100,000
2017 Revenue: $781,000 ($1.1M forecasted 2o18)
2017 Cash Flow: $278,000 ($362K forecasted 2018)

Market Outlook
Competition:
There are a couple similar sized businesses operating in the region. These companies don’t offer significant competition as their services have been considered sub-par for many years.

Growth and Expansion:  The outlook for this business is bright. Given the growing volume of projects incoming and the strengthening profits of financial institutions, the business anticipates strong demand for years to come.

About the Sale
The owner plans to retire and move out of state. He is willing to train the new owner for 30 days free and somewhat longer consulting capacity and/or project funnel if needed.

Send Me More Information about this Business

Crestone Business Group
Steve Coast, Owner | 6730 Grey Wolf Court | Colorado Springs, Colorado 80919
Direct Phone: (719) 799-6488 | Cell: (719) 330-4715
steve@crestonebusinessgroup.com | www.crestonebusinessgroup.com

All information contained herein provided by business owner, to be verified by buyer, and not warranted by Crestone Business Group.