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This Business has been Sold!
Closing Date: 03/19/2020
Business for Sale Summary

Video Surveillance Manufacturer, Loudoun County VA - 30874

Business Type: computer & software services,home-based business,misc. service/non-classifiable,professional services,security and alarm services,internet businesses,internet business services (b2b),internet consumer services (b2c),mfg businesses,electronics & technology
Sold
Video Surveillance Manufacturer, Loudoun County VA
On March 19th 2020, The Undersigned
Acted as the Advisor to the Deal
Steven Mencini
Steven Mencini Senior Broker
Servicing: Cuyahoga County, OH
Oakland County, MI
Walker County, TX
Davidson County, TN
Allegheny County, PA
Jackson County, MO
Suffolk County, MA
Mecklenburg County, NC
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $399,000 Down Payment $225,000
Gross Revenues $162,000 Lease Remaining Register Free to View
Owner’s Cash Flow $60,000 Number of FT Employees Register Free to View

Financing

$225,000 Down and 225K down & 174K @ 6% for 24 months

Business Description

This smart, out-of-the-box surveillance equipment manufacturer has been providing its customers, such as NASA, TSA, FBI, Military, Police and Sheriff Offices, SWAT, overseas clients and more, since 2009. The system has been used in Gulf oil spills, high school shootings, gas well emergencies, and other security and emergency problems. They offer overview/overhead video for wide-area surveillance, mobile systems for on-the-go surveillance, attachments for vehicles, hidden cameras for remote monitoring, and much more. The pictures in this listing are just a sample of what they offer. Most of the equipment comes with wireless systems, for easy control. The business comes with all patents and the seller would show the new owner other target markets that they have not had time to go after. The current owner is a full-time overseas pilot, and has not had time to properly expand the business and work on the proper internet presence. The website pushes the business. Running the company does not take up a lot of time, but the current owner knows that the right buyer could take this unique business to new heights. The gross and net numbers have varied over the years, but that has more to do with a lack of time to run the business. The current owner is more of an inventor than a salesperson, but he is willing to share the financials once he meets, or has a phone conference with, the right buyer. This business would be perfect for someone in this industry, looking to get out on their own and it comes complete with their two Patents. Or, it would be a great add-on for a similar type business. You cant beat the low down payment, and the owner is willing to negotiate the price and down payment. So, come take a closer look at this fantastic opportunity. Please call the broker for more questions 1-877-735-5224.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. kg

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.