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Security Safes In Hotels With Recurring Revenue
Location: United States -> Florida -> Broward County
Industry: Business Services > Security and Protection Services

Business Summary

Time to retire. After 29 years. Safes that generate revenue. Enter the world of recurring revenues, maintenance & manufacturing. Safes ( lock up your valuables ) for in-room security serving the hotel/hospitality industry and others. This business has 1,342 safes of varying sizes from small to large. All safes have been manufactured in - house, by the this company. - with a fair market value of $325,800. And, also included is a 2011 Ford van, over 1,000 pedestals and other equipment. There are 768 safes placed in 6 hotels bringing in monthly revenue of approx. $15,000 per month for the past 12 months. And, 574 safes in the warehouse ready to be placed in service or sold. Currently, the seller only works 6 hours weekly and has 1 full-time employee in the warehouse and field doing maintenance and repairs. Add some sales and marketing and watch the business grow. A few contracts are in place and some are expiring. Expiring contracts continue from month to month or the customer does a buyout and contracts for maintenance. Recurring revenues are based on hotel occupancy. Excellent records as each hotel provides a monthly report and check. This business is being sold on the asset value of safes and equipment. Huge opportunity to expand. Please refer to listing number 0101432401, business broker Marty Fishman 954-296-2995 when inquiring about this listing.


Asking Price Range:  $250K - $500K
Gross Revenues:   $180,000
Cash Flow:   $80,436
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $385,420
Seller Financing:  No

About The Business

Year Established:  1992
Number of Employees:  1 - 3
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Weeks Training: 2 Cost: $0
Reason For Selling:  Retirement


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Security Safes In Hotels With Recurring Revenue Photo 1

Print Listing Id: 700365553
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