Video, Voice & Data Connectivity Contractor (Construction Related; Computer/Internet)

- Connecticut

Seller Financing: No
Lender Pre-Qualified:
Listing ID: 74008
Status: Active

Listing Details

Listed Price: $1,200,000
Down Payment:
Total Sales: $3,179,796
SDE: $727,806
EBIT:
EBITDA:
FFE: $200,000 Included? Yes
Real Estate: Included?
Inventory: $75,000 Included? Yes
A/R: Included?
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Contact Information
Nutmeg Advisory Partner, llc dba VR Business Sales
941 Grand Ave
New Haven Connecticut 06511
Office: 203-772-3773
Fax:
Email: jeff@vrnutmeg.com
www.vrnutmeg.com
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Reason for Sale: Retirement.
Training: Owner is willing to stay on for a period of time as a consultant to ensure a smooth transition for the new ownership.
Financing Terms:

Operations

Year Established: 1980
Last Acquired:
Form of Ownership: LLC
Home Based: No
Relocatable:
Type of Location:
Absentee Owner: No
Online:
Employees: Full Time: 37 / Part Time:
Managers:
Hours:
Owner Hours:
Non-Owner Payroll:
Franchise Info:

Location

Lease Expire:
Option:
Lease Terms:
Lease Security:
Monthly Rent:
Square Footage: 9340
Facilities: 9,340 sq. ft. in a leased single story building, approximately half the space is warehouse and the other half office. Landlord is willing to negotiate a new lease.

Summary

Business Description: The Company is a well recognized, privately-held connectivity contractor that has been in business for 30 years and during that time the company developed a niche installing video, voice & data connectivity needs for end users, equipment manufacturers, electrical and general contractors. They specialize in virtually any type of communications connectivity between video, voice or data – cable, fiber or wireless. With over 30 years of experience, they are among the most knowledgeable and professional contractors in North America, capable of performing a wide range of installation, ongoing maintenance, professional consulting services and product implementations for customers, both large and small.
Historical Summary:
Owner Qualifications:
Competition: Sales to government agencies represent 67% of the companies business at this time, resale to general contractors, etc. is 23%, end user, i.e, retail sales is about 8%, and out of state sales is 2%.
Potential Growth: The commercial side of the business which used to be 75% of the business,is now 23% luckily the company has replaced some of that business with State government contracts it didn’t have before.