Electronic Security & IT Contracting Service Company Serving Western Illinois & Eastern Iowa
Non-Disclosure & Confidentiality Agreement Link
Location: Western Illinois
Established: 2002
2022-2024 Annual Historical Sales, EBITDA, SDE Summary
- 2024 Estimated Gross Sales: $1.16MM
- 2024 Estimated Adjusted EBITDA: $0.44MM
- 2023 Gross Sales: $0.97MM
- 2023 Adjusted EBITDA: $0.24MM
- 2022 Gross Sales: 1.01MM
- 2022 Adjusted EBITDA: $0.36MM
- Adjusted EBITDA (Trailing 3-Yr Avg.): $0.37MM
- Adjusted SDE (Trailing 3-year Avg.): $0.48MM
Minimum Business Asking Price: $2.0MM
- Includes approximately $90K in FF&E (tools) and $30K in two vehicles
- Includes first to market non-proprietary VMS integration solution with exclusive Midwest supplier
Real Estate: N/A*
- *Property not included in the business price or opportunity.
- The entire operation will require to be moved to a new location.
- Seller wishes to keep the current property for personal use.
Background & Business Opportunity
- Founded in 2002, the Business is family-owned and is a leading provider of surveillance camera systems, access control, computer network, and fiber optic installations throughout Iowa and Illinois.
- The business serves school districts, law enforcement, city/county governments and commercial businesses. (This is NOT an alarm company.)
- In addition, the Business also specializes in large-scale audio system design and installation for commercial customers' sporting and motorsports venues throughout the United States.
- The business is averaging $500K+ per employee per year (industry average sales per employee is $250K).
- Current owner spends 50% of time out of state.
Optimal Transition Profile
Sellers are committed to ensuring a smooth transition for the new owner including remaining engaged in the business for a year or longer, depending on the buyer circumstances.
Sellers' are also committed to ensuring their long-standing customers and supplier partners are in good hands with a new owner and that the succession includes a business culture based on value for value relationships.
Sellers' are also committed to ensuring their long-standing customers and supplier partners are in good hands with a new owner and that the succession includes a business culture based on value for value relationships.
Optimal Buyer Profile
- Existing IT, electrical or building trades related contractor
- Capacity to scale technician hires and/or deploy current trainable tech staff to new profit centers
- Capacity for new product offerings and new product training from seller
- Midwest footprint with deployed resources that can be leveraged to expand current business geographic reach to proven sales channels
Staffing
- 1 Part-Time Founder/Owner
- 1 Full-Time Site Manager/Installation Tech
- Seasonal sub-contractors
Support & Training
Sellers are willing to work with new owner at least through 2025 to fully transition the business and customer relations to the new owner.
Please complete the NDA at this link here to receive the full Confidential Information Memorandum 1.0.
CIM 1.0 includes:
- Background & Business Summary
- Minimum Business Asking Price
- 2022-2024 Annual Historical Sales, EBITDA, SDE Summary
- Five Year Forecast 2025 to 2029 Summary
- 2017-2024 YTD Annual Historical Sales, COGS, Net Margins, EBITDA, EBIT, SDE Details + 2025-2029 Pro-Forma Forecast
- Anonymous Net Promoter Score (NPS) Customer Satisfaction Results
- Facilities Location Summary
- 2025 Pipeline & Demand Driven Growth Requirements for New Owner
- . . . and more.
Seller is advised by Marigold Resources in Davenport, Iowa and Seller pays Marigold's fee.
Please contact Marigold Resources at (563) 424-5707
Chris Barnard - Managing Partner cbarnard@marigoldresources.com
Todd McGreevy - Managing Partner todd@marigoldresources.com
DISCLAIMER: All information contained in this document has been provided by the subject company to Marigold Resources and while believed to be correct has not been verified. Accordingly, Marigold Resources makes no representations or warranties as to accuracy and truthfulness of such information. The recipient hereof acknowledges that Marigold Resources shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by Marigold Resources of this document. Marigold Resources’ fee is paid by the Seller.