Parking Lot Equipment Supplier in New Jersey

LISTING ID # 36198

The riches are in the niches. An independently operated business specializing in parking lot equipment is now on the market. This company focuses on supplying parking automation equipment and controls primarily to architects and construction professionals for projects nationwide. For installation, the company partners with local contractors and engineers located within the project's vicinity. Following installation, the owner arranges for an engineer to fly in for programming and setup. Projects are predominantly secured through construction bid platforms. The company offers solutions designed to improve the efficiency of guidance, access, and security measures in parking facilities nationwide, addressing a variety of challenges encountered by parking operators. Its clientele includes privately owned parking lots as well as those affiliated with major hospital systems and universities. Additionally, the company provides ongoing support, with clients opting to pay either annually or per service call, thereby generating residual income, which constitutes approximately 20% of its revenue. The seller is committed to facilitating a seamless transition and is open to entering into a consulting agreement with the buyer. This is currently run as a work from home business with no employees, solely 1099 contractors.