Detail information about the listing
Growth: This is a location of 3,500 square feet. Seller is active in the business with 6 FT employees, 2 PT employee and 2 Independent Contractor. Hours of operation are 7:45AM-4:15PM, Monday – Friday. 114,539 in Inventory and 80,482 in FF&E included in Asking Price. 55,576 made in Leasehold Improvements.
Further Details: Location: Orange County, NY
Inventory: Included in asking price
Real Estate: Owned
Building SF: Not included in asking price
Furniture, Fixtures, & Equipment (FF&E): 9
Facilities: Included in asking price
Growth & Expansion: This is a location of 3,500 square feet. Seller is active in the business with 6 FT employees, 2 PT employee and 2 Independent Contractor. Hours of operation are 7:45AM-4:15PM, Monday – Friday. 114,539 in Inventory and 80,482 in FF&E included in Asking Price. 55,576 made in Leasehold Improvements.
Financing: One important opportunity for expansion is simply to continue to build on the efforts of the past decade.
The pie remains large; marketing and sales efforts still have much room for development. In the
Healthcare market, there is a significant opportunity to broaden our presence through products
supplementary to the nurse call systems, including mass communication paging systems. And a more
continuous effort in the vast Education market under our NYS Contract could bring in additional business
almost without limits.
For the entrepreneur who has goals of geographical expansion, the near-term and long-term opportunity
for growth is similarly limitless, in both Healthcare and Education markets. Near-term, the New York
Capital Region and New York City are both within easy striking range, and our brands have scarcely
scratched the surface of proportional market share. Long-term, opportunities coming from
distributers territory transitions in nearby states (or further beyond) are expected, limited only by the
ability to create and maintain the needed structure.
Further growth is also readily awaiting expanded efforts in the service contract segment. The Company’s recurring revenues due specifically to service contracts are largely undeveloped. That said, recurring revenues in general remain very strong, for several reasons unique to our products:
The Company has exclusive territory rights for its 2 main brands, in schools and hospitals. Service work and expansions upgrades are locked in for the 10 to 20 year of (proprietary) product life, at full T&M resale margins.
Exclusive territory also means that once a customer has chosen our system for one area, there will be no competing bids for the succeeding areas. This is especially so for hospitals, who invariably deploy the same system in all areas, for compatibility and product consistency. This is recurring revenue at its best: new projects at full margins, with a continuing strong outlook due to our commanding regional market share.
Projects (revenues) come to us steadily by result of reputation and word of mouth. Our projects are generally large ticket, with enviable margins. This in itself renders a considerable financial advantage over the model of high-competition, low-margin initial sales, as is common in other low voltage sectors.
Support & Training: 2,500,000 down SCN 36 months 8 percent
Reason for Selling: Two months