Audio & Video Provider in Central Iowa

Davenport, IA (Scott County)

Asking Price: On Request

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Business For Sale Details

Listed on Jun 20, 2023

The Company is a full-service audio and visual provider, specializing in the sale, service, and installation of audio and video presentation equipment. The Company enables organizations and individuals to utilize innovative tools and enhance their technological resources and communication capabilities. They are a well-established, highly-regarded, and widely-trusted name known for providing audio/visual products and services to their regional market.

The Company is an authorized dealer of products by Epson, Extron, Legrand AV, and Premier Mounts.

The Company’s earnings as measured by EBITDA grew at a 49% CAGR between 2020 and 2022. EBITDA margins increased from 17% to 24% of revenue over the same period.

Revenue Sources:
Hardware Sales - 78%
Installation - 13%
Service - 9%

This is a home-based business with a warehouse space off-premises.

Current number of employees: 4

Current ownership believes adding one installer (incremental annual cost of $75,000) plus an office manager ($50,000 incremental annual cost) would enable the Company to double current annual revenue levels.

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Financials (USD)

Asking Price Not Disclosed

Cash Flow Not Disclosed

Sales $1,760,000

Deal Terms

Represented by broker? Yes

Buyer Fee? No

Seller Financing? No

Willing to co-broke? Available On Request

Principals only? No

Franchise? No

Management will stay? Yes

Relocatable? Yes

Real Estate? No

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