More Than A Home Automation Business
In Desirable Middlesex County Location
Middlesex County, Massachusetts
Listing Number: 1561
Asking Price: $1,300,000
Includes 3 new vehicles and all inventory (a great value!)
Gross Revenue: $1,590,000
Cash Flow: $317,500
A qualified buyer should be able to get an SBA 7A loan with 10% down.
A dream opportunity for a tech-savvy buyer to own a business that takes smart home technology to the next level! This integration and automation business sells, designs, installs and programs network and control systems, A/V, lighting, shades and more. Clients from business owners to the ultra-affluent rely on this business for their commercial spaces, multiple residences and even yachts! The buyer will also reap the future revenue of a recently secured and highly-coveted government contract for years to come and other contracted projects yet to begin.
Thanks to an excellent reputation, 90% of revenue is derived from referrals. Employees are seasoned, professional and work well together. The owner is open to staying on in a sales role.
This business leases a spacious custom-built facility alongside other technology businesses. The showroom is immaculate and captures the imagination of anyone who visits. On-site storage is clean and well-organized; on-site parking is plentiful. A turn-key business!
A successful buyer would have a thorough understanding of the industry and the ability to apply construction, design and product knowledge in communications with clients and suppliers. In addition to a transition period, the seller is open to maintaining a sales role to further support the new owner and his/her success (subject to any restrictions that a buyer’s financing may impose).
The recently-awarded government contract should increase revenue in years to come. What’s more, the anticipation of a contract for an off-shore residential real estate developer would be icing on a buyer’s cake. Several other six-figure projects are contracted to begin or are underway.
Marketing efforts are minimal and could be expanded to drive even more new business.
Employees: 7 FT / 1 PT
Rent: $7,700 per month + escalation & utilities