Location: Ada County, ID
Industry: Other Online and Technology
Listing ID: 8304-17257
Listing Status: Sold
The Company designs, sells, and installs audio, video, and control systems for commercial and residential customers who require high quality technology products and service. The majority of revenue comes from retrofit rather than new construction. This Company differentiates itself from the competitors through technician certifications, documented procedures and process, and breadth of product and service offerings.
Facilities:Located in custom-designed showroom and workspace leased facility owned by seller. Triple net lease includes real estate taxes, insurance, and maintenance and is at market rate. Landlord will negotiate a new market rate lease with suitable terms for lender financing for buyer.Growth & Expansion:According to IBISWorld, the industry has expanded as a result of technological innovations in the industry and developments in the broader economy. For example, the industry has benefited from advancements in monitoring automation and overall economic growth. Moreover, despite the COVID-19 (coronavirus) pandemic, demand for industry services has remained robust amid a boom in the residential housing market and industry revenue has grown, rising at an annualized rate of 4.1% to $34.9 billion over the five years to 2022.
Total Sales: $1,800,420
Cash Flow: $275,918