Status: Sold
Established and Profitable Home A/V and Lighting Companies - Listing #: 53213
| Category | : | Electronics/Computer | SIC | : | 5065 | |
| Detail | : | Sound/Video Systems | Price | : | 1,999,999 | |
| County | : | Down | : | 199,999 | ||
| State/Prov | : | Florida | Disc Earn | : | 672,516 | |
| Country | : | USA | Sales | : | 2,799,760 |
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Two Companies for the price of one! The Companies are an incredibly profitable high-end A/V installation, home automation, and custom electronics; and high-end lighting systems, automated shades, lighting fixtures, and installation company with sustained growth that serve residential customers with homes between $2 million and $10 million and above, specializing in home theaters, home automation, whole house audio, whole house video monitoring, and full home exterior and interior lighting systems and automated shades with remote access, and much more. The Companies target high-end, elite clients, many of whom are usually retired Fortune 500 CEOs, successful local professionals, and business owners. REAL ESTATE IS ALSO AVAILABLE FOR $1,400,000.
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| Reason for Sale | : | Retirement |
| General Location | : | Southwest Florida |
| Organization Type | : | 'LLC' Hours Owner Works: 40 |
| : | Years Established: 20 Years Owned: 20 Emp FT: 10 Emp PT: 0 Mgrs: 3 | |
| Non Compete | : | Miles: 100 Years: 5 Weeks Training: 2 Cost: $0 |
| Operating days/hrs | : | M-F 9-5 |
| Skills/Licenses | : | State of Florida Limited Energy |
| Business | : | Is Relocatable: N Is Home Based: N Is a Franchise: N Is Lender P/Q: Y Should Qualify For Visa: Y |
| Data Source | Tax Return | Tax Return | Tax Return | |
| Year (Cash Flow) | 2022 (N) | 2021 (N) | 2020 (N) | |
| Gross Revenue | 2,799,760 | 2,288,266 | 1,897,390 | |
| Cost of Goods | 1,295,531 | 1,054,428 | 884,809 | |
| Gross Profit | 1,504,229 | 1,233,838 | 1,012,581 | |
| Expenses | 1,276,069 | 1,122,447 | 1,154,239 | |
| Net | 228,160 | 111,391 | -141,658 | |
| Owner Salary | 195,733 | 232,343 | 223,825 | |
| Benefits | 0 | 0 | 0 | |
| Interest Expense | 13,237 | 17,361 | 20,086 | |
| Depreciation | 49,977 | 30,108 | 190,275 | |
| Other | 185,409 | 153,861 | 169,323 | |
| Discretionary Earnings | 672,516 | 545,064 | 461,851 |
| Accounts Rec | 0 | N* | Real Estate | 1,400,000 | N* |
| Inventory | 253,000 | Y* | ___________ | 0 | N* |
| F F & E | 384,000 | Y* | Total Assets | 637,000 | Y* |
| Leasehold | 70,000 | N* | |||
| *Included? |
| Lease/Month: 3,499 | Square Footage: 4,500 | Building Type: Commercial Condo |
| Terms & Options: New Lease Available | Expiration Date: 12/31/2025 |
| Lender Pre-Qualified Project Summary |
| Acquisition Costs | Down Payment and Financing |
| Purchase Price | 1,999,999 | Down Payment | 199,999 | |
| Working Capital | 50,000 | Loan/Assumable | 0 | |
| Loan Fees | 56,000 | Loan/Seller | 199,999 | |
| Closing Costs | 5,000 | Loan/Other | 1,711,001 | |
| Total | 2,110,999 | Total | 2,110,999 |
| Loan/Seller | - Amt: | 199,999 Mos: | 60 Rate: | 7.00 Mo Pmt: | 3,960.22 | |
| Loan/Other | - Amt: | 1,711,001 Mos: | 120 Rate: | 10.25 Mo Pmt: | 22,848.54 |
| FRANK CAMPOAMOR | Office | : | (239) 849-9334 | |
| ASSOCIATE | Fax | : | ||
| Home | : | (239) 404-9557 | ||
| SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Cell | : | (239) 404-9557 |
| 2640 GOLDEN GATE PARKWAY, SUITE 204 | ||||
| NAPLES, FLORIDA 34105 | : | fcampoamor@sunbeltofflorida.com | ||
| USA | Home Page | : | sunbeltofflorida.com |