Established Home-based Security Company, Specializing in Government, Healthcare, and Finance Sectors. Located in [City, State].
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Asking Price
$1,900,000
Detailed Information
Business Description
Established in 2007, this reputable home-based security company specializes in providing top-tier security services to government, healthcare, and finance sectors. Over 95% of its revenue is generated through long-term contracts, offering a stable income stream. With 17 years of experience, the company has earned a solid reputation for reliability and service quality, invoicing $20k-$23k weekly to contract clients. The company boasts strong revenue growth, with sales reaching $1.2 million in 2023 and $1.1 million in 2022, alongside a high seller discretionary earnings (SDE) of $310k in 2023. It serves a diverse clientele through long-term contracts, some existing since its inception, maintaining agreements averaging 4 to 5 years. The team consists of 26 experienced guards, with 90% employed for 5 to 6 years, supervised by two managers, and with a strong asset base worth $90.9k as of December